The export tax rebate adjustment plan involving light industry and other industries will be submitted to the State Council

by:Yourijiu     2021-08-27
According to reports: Regarding the export tax rebate policy adjustments that may involve light industry, textiles, metallurgy, steel, machinery and other industries, officials from the relevant national finance and taxation departments told the 'China Business News' that they are facing overcapacity and WTO principles and regulations. And under the pressure of foreign anti-dumping and other situations, the adjustment of export tax rebate policy is inevitable. The official said that the recent economic situation and domestic... According to reports: Regarding the rumors that may involve the adjustment of export tax rebate policies in light industry, textiles, metallurgy, steel, machinery and other industries, officials from relevant national fiscal and taxation departments have reported to the 'First Caijing Daily stated that under the pressure of overcapacity, WTO principles and foreign anti-dumping, the adjustment of export tax rebate policy is inevitable. The official said that recent changes in economic conditions and domestic and foreign environments have prompted relevant parties to decide to adjust export tax rebates and form specific opinions, which will be reported to the State Council. The timetable and specific tax rates will be formally notified by the State Council. Since the implementation of the export tax rebate policy in 1985, foreign trade exports have driven the development of domestic industries. Later, in order to get rid of the negative impact of the Asian financial crisis in 1998 and further expand exports, the country greatly increased the export tax rebate rate. In 1999 and 2000, the export tax rebate rate averaged over 15%. Some negative effects of the export tax rebate policy have also gradually appeared in the implementation process. For example, export tax rebates have become a heavy burden on the central government. The export tax rebate amount exceeded 100 billion yuan in 2000, and it was close to 200 billion yuan in 2003. The central government completely repaid more than 200 billion yuan in debt in 2005. Export tax fraud cases also occur from time to time. The National Information Center once estimated that the scale of tax fraud nationwide in 2000 accounted for about 6.5% of the export value that year. On the one hand, export tax rebates have gradually increased fiscal pressure on the central and local governments. On the other hand, other embarrassing factors have also put pressure on export tax rebate policies: some energy-intensive and environmentally polluting products enjoy export tax rebates, and some downstream oil companies Enjoy export tax rebates at home, but face anti-dumping lawsuits abroad. The export of some energy-intensive products has resulted in China's resource and environmental consumption level second only to Russia among the world's 20 major economic powers. Export tax rebates are currently the most unreasonable tax policy. In 2005, China is expected to export tax rebates of more than 300 billion yuan, accounting for 1.8% of GDP, which is close to the level used for education or health expenditures in 2004. This in itself runs counter to the legal commitments China made to the international community when it joined the WTO. Professor Ji Zhu, director of the World Economic Research Center of Beijing Technology and Business University, told this newspaper. It has become a consensus that the export tax rebate policy can be adjusted at any time with changes in the domestic and international economic situation. For example, on April 27 this year, nine departments including the National Development and Reform Commission, the Ministry of Finance, and the State Administration of Taxation issued a notice to continue to implement the tax rebate policy for the export of electrolytic aluminum products and strictly prohibit alumina processing trade. Both electrolytic aluminum and alumina are products of high energy-consuming industries.
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