Tax and fee reduction measures have steps and rhythms to further consolidate positive financial results
After the tax rates were lowered to varying degrees on April 1st, and the burden was greatly reduced for enterprises, the red envelope rains for fee reductions in different areas will also come on schedule.
Last year, youth cut taxes and fees for businesses and individuals by about 1.
On the basis of 3 trillion yuan, this year’s government work report clearly proposes that a larger tax reduction be implemented, and an increase in the scale of tax reduction and fee reduction2.
2 trillion goals.
According to estimates, the budget tax rate reduction measures started this month will reduce the size of the manufacturing industry to USD 363.2 billion, and according to the proportion of the manufacturing industry in the industry, it is estimated that the total industry tax reduction may be about 418.5 billion.
These measures against the real economy have increased corporate restructuring and profits through tax deductions, which can effectively promote the recycling of investment and production.
The effect of the policy of continuous tax and fee reduction measures can already be verified from economic data.
The National Bureau of Statistics released data on March 31 that showed China ‘s official manufacturing PMI in March from 49 in February.
2% rose to 50.
5%, a new 6-month high.
In particular, both the production index and the new orders index rose to a six-month high in March.
Among them, the production index was 52.
7%, higher than last month 3.
2 units; new order index is 51.
6%, higher than last month 1.
Zero digits, expansion accelerated for two consecutive months.
This shows that there is a positive interaction between market demand and production capacity, showing a new impetus and sustainability of economic growth.
Another set of data reflects the scale power of tax and fee reduction policies.
In March, the Asian manufacturing PMI was 50.
5%, up 0% from the previous month.
The seven averages ended the downward trend of the military for six consecutive months.
The global manufacturing PMI for the same period was 51.
7%, a slight increase of 0 from last month.
This is considered by the leaders as the continuous release of the effects of China’s tax and fee reduction measures have played a significant role in the recovery of the world economy through spillover effects.
It is also supported by this macro background. Targeted tax and fee reductions and other proactive fiscal policies have gradually come to fruition and are effective. In line with the steady and loose domestic monetary policy, the reform of state-owned enterprises has continued to deepen, the opening up to the outside world has continued to increase, and the market is expected to stabilize.it is good.
At the micro-level, under the combined effect of these policies and measures, market demand is released, procurement is becoming more active, prices of raw materials and finished products are rising, self-confidence is strengthened, production and operation activities of small and medium-sized enterprises are heating up, and corporate production is shifting to expansion.
As the macroeconomic fundamentals are warming, new economic momentum continues to stabilize, and the foundation for improving economic operations is confirmed. The A-share market is expected to recover significantly. This year, there have been major fetters. More than 100 stocks have doubled, and nearly 100 stocks have doubled.A record high, the overall trend is global.
Of course, the role of deepening the reform of the capital market cannot be underestimated. Administrative intervention is reduced, loosening mergers and acquisitions and reorganization releases vitality, opening up to the outside world, and improving the positioning of the capital market . to further enhance the attractiveness of the shareholder market and expand the scale of benefits inflows.It played a key role in the recovery of the A-share market.
In addition, this year’s government work 杭州夜网 report also clearly stated: to ensure that taxes and fees are reduced.
This tax reduction, focusing on “releasing water and raising fish”, enhancing the development potential and considering financial sustainability, is a major breakthrough to improve corporate burdens and stimulate market vitality. It is an important reform to improve the tax system and optimize income distribution. It is a macro policy to support steady growth.The major priority is to secure employment and restructure.
Therefore, from a higher budget point of view, tax and fee reductions are not simply a breakthrough in numbers. They are “an important reform to improve the tax system and optimize the distribution of income distribution.” In addition to the alternative tax rate adjustments that began on April 1, there is also May 1The social security premium rate to be implemented in the future will decrease, which will significantly reduce the burden of corporate social security contributions, as well as the reduction and exemption of administrative fees in various fields starting from July 1. Each department has step-by-step measures to reduce the burden on brick-and-mortar enterprises and will be implemented in a rhythmic manner, which will further consolidate the active fiscal policyThe results provide a continuous driving force for China’s sustainable economic development.
(Article source: Securities Daily) (This article comes from Ping An Securities)