Two New "Super National Treatment" Has Been Abolished In The New Deal Of Foreign Capital.

　 A document issued by the State Council foreign capital The "New Deal" has enjoyed many years of experience for foreign companies. Taxation The "super national treatment" has come to a conclusion. Starting from next month, two new subjects will appear in the monthly financial statements of foreign-funded enterprises: urban maintenance and construction tax and education surcharge. With the unification of the last two internal and external taxes and levying taxes, all the tax systems of all domestic and foreign enterprises in China have been "unified".

The "Datong" stage was set up at the time when "11th Five-Year" was about to be closed, which naturally contained the deep meaning of the grand structure of 12th Five-Year. The industry also pointed out that after the abolition of tax differential treatment, some enterprises in some industries still hold the "golden spoon" of policy tilt, and suggest that the state thoroughly explore and clarify the issue.

　　 "Two taxes" affect micro

According to the latest statistics, there are nearly 69 enterprises invested by foreign businessmen in China, and the actual use of foreign capital exceeds US $1 trillion. Investment The huge volume has enabled China to reach the top of developing countries for 17 years in a row. Now that the tax and fee concessions have been displaced, will foreign enterprises that have to stand on the same starting line still have a "heart to heart" for China's investment environment?

" construction tax The addition of education surtax does not have much impact on the profits of foreign companies, because these two are small taxes, which involve very little money. A tax consultant from KPMG told reporters that "foreign capital has experienced income tax unification in 2007, and then the policy of" two exemption and three halves "has faded. The impact is much larger, but investment in China has not been significantly reduced. According to him, before the unification of internal and external tax rates, the actual tax burden of foreign enterprises was only 11%, which was less than half of that of domestic enterprises, and increased to 25% after unification.

It is reported that China's urban construction tax and education fee added to the domestic funded enterprises are calculated on the basis of the actual payment tax of value-added tax, consumption tax and business tax. The urban construction tax is collected according to the tax rate of 7%, 5% and 1% 1% respectively according to the location of the taxpayer in the urban area, the county seat (town) and other regions, and the additional fee for education is collected at a rate of 3%.

　 Economic development is not bad money.

Despite the slight impact, the state announced that two taxes should be imposed on foreign investment by the end of the year. Many experts have interpreted this as a clear signal that China has stepped out of the era of capital shortage in the early days of reform and opening up. "In the initial stage of reform and opening up, China is faced with a dual gap between capital and foreign exchange, and there is huge demand for foreign capital. The local government has launched a wave of attracting foreign investment, which has contributed to the extremely relaxed economic environment of foreign capital." Liu Jinhe, chief researcher of the macroeconomic group of China Samsung Economic Research Institute, said.

And the shortage of capital and foreign exchange is a thing of the past. According to figures released by the State Administration of foreign exchange, China's foreign exchange reserves have reached 26483 billion US dollars at the end of 9, while Japan's foreign exchange reserves were only 10317 billion dollars during the same period. The reporter has learned that since 2003, China's foreign exchange reserves have increased by more than US $about one hundred billion a year, and then we have been climbing up the scale of more than 2000 or about four hundred billion a year. The problem of "bad money" has been completely turned to "worry about digestion".

"In the early days of opening up, the situation of China's capital shortage is no longer, it has weakened the power of the government to attract foreign investment, and excessive foreign exchange reserves are gradually becoming a burden of the government." Liu Jinhe said. Some analysts even admitted to reporters that because of the structural defects in China's foreign exchange management system, the central bank has become the only "pool" to accept foreign exchange giant flows. Therefore, excessive foreign exchange has not only made it the only dealer in gambling with the whole world, but also formed the thrust behind inflation.

　 Help industrial structure adjustment

And choose to beat the "12th Five-Year" a month before the decisive move, also has the intention of "12th Five-Year" paving the new atmosphere. The "12th Five-Year plan" clearly stated that adjusting the structure and developing the low-carbon economy were a fulcrum. The equal taxation is the perfection of the market mechanism, reflecting the basic idea of "12th Five-Year". Deputy director of the Institute of International Monetary Studies, Renmin University of China, said to Mr Song Zuo, "one of the guiding principles of" 12th Five-Year "is to accelerate the transformation of the mode of economic growth.

In fact, with the help of foreign direct investment to become a world-class manufacturing country, China did not rely on the strategy of attracting foreign investment by market for technology to become a manufacturing powerhouse. Instead, it became a "post factory" in Europe, America and Japan, and formed extensive economic growth mode.

Zhang Hongwei, Deputy Secretary General of the China Association for economic cooperation, explained that the end of the tax system of "internal and external differences" has become a lever for the state to adjust its industrial structure. "The abolition of tax preferential policies will have a greater impact on labor-intensive foreign enterprises with low added value. These enterprises are more sensitive to land costs and tax policies." Liu Dawei, senior advisor of China Development Strategy Research Association, also believes that the "New Deal" can curb foreign investment with low technology content and attract foreign investment into China. Source and energy conservation and environmental protection and other strategic emerging industries.

　 Companies want to be more "fair".

The equality of internal and external taxes has gone through the new page of China's economy. But reporters also heard a continuous upsurge of voices from some enterprises: the tax stations are on the same starting line. What about other policies? "In the pharmaceutical industry, foreign-funded enterprises enjoy a series of other super national treatment such as self pricing, bid concession, market access, loose regulation and import registration." Wang Ji, chairman of Shandong Yuan Long Biotechnology Co. Ltd. According to incomplete statistics, the average price of foreign drugs is equivalent to 1311% of domestic drugs due to independent pricing.

Reporters also learned from a senior member of the safe that foreign companies enjoy a lot of super national treatment. "Foreign capital has different policies in foreign exchange management, such as borrowing foreign debts and enjoying overseas guarantees, such as special policies different from domestic enterprises. For example, in actual business, most of the domestic enterprises borrow foreign debts, and foreign companies can borrow debts within the approved scope." According to her introduction, foreign-funded enterprises can also enjoy the right to import and export business and the right to exempt import licenses, and the procedures for domestic enterprises to handle them are rather complicated.

What worries the enterprises is the hidden inclination of local governments when they throw "olive branches". "For the sake of political achievements, some local governments give special preferential treatment to foreign enterprises for their administrative fees charged with" killing or killing power ", or provide interest and special funds for loans from foreign enterprises. A financial manager of a Chinese funded enterprise told reporters, in addition, it includes providing a series of land "hidden rules".