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Fashion industry look forward to tax reform: tax rebate even worse last "point" by sgbvdf asga
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Fashion industry look forward to tax reform: tax rebate even worse last "point" by SGBVDF ASGA
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| Article Posted: 08/03/2010 |
| Article Views: 109 |
| Articles Written: 2044 - MORE ARTICLES FROM THIS AUTHOR |
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Fashion industry look forward to tax reform: tax rebate even worse last "point" |
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Business,Business News,Business Opportunities
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Textile Clothing Revitalization, and state financial policy "booster", but also need the strong support for tax policy. This year the "two sessions", tax reform became a textile Clothing Sector, NPC deputies and CPPCC members have a common topic of concern.
Export tax rebate: worse last "little"
Big as exports, textile and garment industry to maintain international market share? Further improve the export tax rebate rate, back to record 17% of the industry is most concerned about a topic.
NPC Furun Holdings Chairman Zhao Lin said that although China's share of textiles in the international market has increased, but recovered to a higher level of growth, there are great difficulties. First, China's current economic uncertainty is the biggest inflation, asset price inflation caused by rising costs of enterprises, so companies are increasingly wary of orders; Second, trade protection and trade barriers, especially in carbon emissions by the name of the green barriers have been Europe and the United States to protect their economies to become an important means of trade protection, combined with those countries affected by Financial Crisis, the economy depressed demand objectively. Therefore, the need to reduce export costs and prices by the way, to promote exports.
Therefore, he suggested, the export tax rebate rate, "the last point", the textile and garment industry to adjust export tax rebate from 16% to 17%. This measure can play a "small but powerful chain" effect, partially offset by appreciation of the RMB to bring up the export costs of the impact of U.S. dollar settlement price in no major change in circumstances, able to multi-year export orders to ensure business performance, ensure that foreign customers do not drain, you can ease the pressure on corporate finance, from the perspective of cash flow to support the normal operation of the enterprise.
NPC deputies put forward this proposal are Qingdao Xiyingmen Group Chairman Ji Yujun, Frances Chan, chairman of Jiangsu Sunshine Group, Ltd., Zhejiang, China and Hong Kong such as the Group General Manager Xiao Guoying. For such proposals, CPPCC member and Vice Minister of Commerce Ma Xiuhong, speaking in a panel discussion, said the CPPCC, China's export tax rebate rate there is still much room for adjustment. "In due course, the export tax rebate rate of return can be realized how much levy."
VAT: "High Low button levy" unreasonable
National People's Congress of Hubei Cotton Industry Group Co., Ltd. Chairman Xiao Sun should be made safe, cotton spinning enterprise in China, the current deduction of VAT input tax deduction by 13%, output tax deduction by 17%, corporate taxes heavy burden, low levels of profits. Wants the state by leveling taxes and other measures to improve their profit levels, so that enterprises can increase the profitability of some income to the workers go, this one can be difficult to improve the employment situation is conducive to business and social stability, on the other hand also increased the spending power of workers, can stimulate domestic demand.
From the textile town of Xiao Guoying representatives also said that this year the textile industry still faces great difficulties, wants the state to continue to issue preferential policies to support, she suggested that an appropriate proportion of lower value-added tax.
CPPCC, China Textile Industry Association vice president Tiankai analysis, the current low value-added tax system is a high levy deduction, the difference between the tax has been borne by the enterprises themselves. Textile raw material costs for cotton production accounts for over 70% of the total cost of undermining the competitiveness of enterprises. Association of Enterprises under the 2009 VAT not fully investigate the entire industry more than 50 billion tax increase. Over the last five years, with the substantial increase in domestic production costs, the profitability of cotton textile products also will sharply decline, the industry's leading product out widely carded cotton yarn 32, for example, tons of yarn with no tax space (after deducting the cost of cotton production costs and profits of all other space) from 7,300 yuan in 2000, dropped to 3,995 yuan (January 2010), according to research, carded cotton yarn manufacturing cost of the 32 reached 4,500 yuan / ton, Clearly, the profitability of such enterprises in the majority of losses have been seriously affected the cotton textile industry, technological progress and industrial restructuring. In today's environment of global market integration, the Chinese cotton textile products, a substantial decline in competitiveness is an indisputable fact. I am a professional writer from China Toys Suppliers, which contains a great deal of information about amorphus , sunforce solar battery charger, welcome to visit!
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