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The Parties Debated The Luxury Tax Reduction &Nbsp; The Ministries' Opinions Were Not Unified.

2011/9/7 9:21:00 44

Debate On Luxury Tax Reduction Ministries Not Unified

Although more and more consumers in China are waiting to see.

Luxury tariff

There are also reports that the parties have reached a basic consensus, or that they will soon introduce specific measures. But the actual internal Committee may not have reached a unified view.

From yesterday morning

World Luxury Association

An interesting event was held at the "seminar on luxury goods tariffs in China". Five experts with the background of the Ministry of Finance and the Ministry of commerce all expressed their opposition to the reduction of luxury tariffs.

Research Institute

However, some scholars have proposed that they will reduce to zero to expand imports and improve the balance of payments structure.

Liu Zuo, director of the Taxation Research Institute of the State Administration of Taxation, said in an interview with the first financial daily (micro-blog) daily that there is no definite timetable for reducing the tax on luxury goods. However, according to the annual tariff adjustment time, even if there is a possibility of adjustment this year, at least it will have to wait until the end of the year.

The first thing to solve is to reduce the luxury tariff.

Luxury goods

Definition of the problem.

The World Luxury Association defines luxury products according to the per capita monthly income of the first tier cities in a country. The price of a single product should be classified as luxury before the tariff and consumption tax is higher than the monthly income per capita in the first tier cities of the country.

China imports luxury goods in four taxes, one is import tariffs, two is value-added tax on imported goods, three is consumption tax, and four is vehicle purchase tax on imported cars.

Liu Zuo disclosed that in 2010, China added 10491 yuan in value-added tax and consumption tax in the import sector, accounting for 14.3% of China's total tax revenue, and the import tariff was 202 billion 800 million yuan, accounting for 2.8% of China's total tax revenue, amounting to 12519 billion yuan, accounting for 17.1% of the total national tax revenue.

Liu Zuo objected

Cut luxury tariffs

He thinks that the tax structure of a country and the level of economic development of a country are

Closely related

The tax structure of developing countries is mainly indirect tax, mainly value-added tax, consumption tax and tariff. China now levies taxes on luxury goods and other imported goods, which is a manifestation of China's real economic development level.

Moreover, for a fair consideration, tax policies can not reduce taxes on the rich.

Yang Xiaodong, director of the China Council for the promotion of international trade, holds the opposite view. He believes that lowering the tariffs on luxury goods is of great significance for improving China's income structure.

Last Saturday, vice president Xi Jinping met with Vice President Biden, saying that China expects to import more than 8 trillion U.S. dollars in the next 5 years. Last year, China's imports amounted to only $1 trillion and 400 billion, which means that it would increase about 1 trillion and 200 billion dollars a year.

Yang Xiaodong believes that although China's tariffs are low in developing countries, it is difficult to achieve such a large import volume without further tariff reductions.

Zhao Ping, director of the Department of consumer economics, Research Institute of the Ministry of Commerce, believes that taxonomy of imported luxury goods should be classified. First, tariffs on luxury goods which are now no longer available are cut down, so that the middle income class can afford more high-quality products all over the world, and there is no need to reduce taxes for some luxuries in real sense.

This idea is in line with the newspaper's understanding of the luxury tariff reduction scheme: the reform may be cancelled or substantially reduced.

Luxurious

The tariff of people's livelihood cosmetics, perfume, tobacco and alcohol is taxed according to the classification, price and brand of the products, and the average tariff is reduced by 15%.