Point of view: the abolition of export tax rebates and other toys the time has come – toy exports, tax rebates, the Ministry of Commerce – the toy industry
Chinese Commerce Minister Bo Xilai said, "to reduce the surplus in foreign trade development as a top priority this year, do a good job," Vice Premier Wu Yi also said that "China will strive to reduce trade surplus this year." This is a hot topic in the economy recently. However, many discussions on this topic, the rare government official or economist that a solution to the problem of the Keywords: export tax rebates.
Export tax rebate for that? Accepted definition is that international trade in goods exporting countries outside the output of goods exempted from its national territory should be paid consumption tax or refund of tax law has been paid by their taxes (VAT, consumption tax). This may seem like a general tax, the international practice, but in fact, the export tax rebate system under long-standing in for many years, China's economic structure distortion, reduce the quality of the Chinese economy.
Behind this system be sustained, is to ignore the national interests and the economic laws of the Ministry of Commerce. The enthusiastic rhetoric in the media, economists, faced with this situation rarely criticized abnormal voice.
Can be seen from the definition of export tax rebate system to encourage exports, but China is a need to encourage exports? ?? From 1985 to 2005, China's export growth of 16.64 percent annually, has become the world's third largest exporter. China's foreign trade in 2006 continued annual growth since 2002 have not less than 20% of high growth, foreign trade surplus broke the record set last year, year, reaching 177.47 billion U.S. dollars, an increase of up to 74%.
So-called foreign trade surplus is greater than the total exports total imports. China's huge trade surplus has increased pressure on the RMB appreciation, the domestic excess liquidity, asset market bubbles significant growth, the Commerce Department also had to "reduce the surplus" as the development of foreign trade in 2007 a top priority. In this case, why are not willing to abolish the Commerce Department to encourage the export of export tax rebate then?
Answer this question, be clear who the beneficiaries of this system. Raw materials and low added value, low-technology, low-margin industries such as textiles, toys, processing industries most dependent on export tax rebates. At present, many textile export enterprises to build on more than 10% tax rate to achieve 3-5 percent profit margin. At the same time, the textile industry is creating jobs one of the most populous of the traditional manufacturing industries, the number of 1 800 million direct employment and indirect employment for more than 100 million people. If the elimination of export tax rebate, which means that nearly a million people lose their jobs.
This seems export tax rebates is the low tens of millions of Chinese export enterprises lifeline for survival, the Ministry of Commerce is the business to serve. However, Chinese enterprises have already had a baby on, but still not weaned, it only shows that the Ministry of Commerce is the failure of parents. If the Ministry of Commerce, the export tax rebate out of care to retain the export business, so they ignore the most basic principles of economics, namely, the automatic adjustment function of the market.
When the body is traumatized, the wound will bleed, become infected, will fester inside the body at the same time waging a fierce fight lasting. Pus and red blood cells that is fighting at the expense of white blood cells. Then the wound will heal, will scab, president of the new skin. Similarly, as much as the market has automatic adjustment function of the human body. Those in the market storm sinking companies like pus from a wound in their dead while others struggle to get new businesses.
, Of course, whether the wound healing depends on the person's body quickly. At present, China has a massive physique, the vast territory offers space for sustained economic development. Elimination of export tax rebates, business will not stand still, and will do anything to ensure profits. The most direct is to labor and land costs lower regions, from the coast to the interior, from the middle to the west, to continue to maintain export competitiveness. Rely on the advantages of a large economy, China can spur economic development echelon to rich first drive after the rich, in order to maintain sustained economic growth. Currently the Yangtze River Delta, the Pearl River Delta has a relatively mature industry chain, need to make room to upgrade industry, and the vast interior is an urgent need to develop. In the Western Region, Northeast slogans shouted by the years, always ineffective, because the need to be resolved or end it, the market ultimately depends on the market to solve the problem. In this sense, the elimination of export tax rebates as good as a Line?, Some enterprises reduced to ashes, the industry will be reborn. This is the elimination of export tax rebates to bring China's economic significance.
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