China'S Tax Growth Exceeds GDP By Nearly Two Times.

The Ministry of Finance released the analysis of tax revenue in the first three quarters of 2011, which shows that the total tax revenue from 1 to September was 7 trillion and 129 billion 218 million yuan, an increase of 27.4% over the previous year.

According to the financial statistics released previously, the national fiscal revenue from 1 to September was 8 trillion and 166 billion 334 million yuan, an increase of 29.5% over the same period last year.

Experts believe that the excessive growth of China's tax revenue is not conducive to the development of the national economy.

High growth and high price driving

The Ministry of Finance said that tax revenue grew fairly fast in the first three quarters of this year, mainly due to stable and fast economic growth and rising price levels.

In the first three quarters, the gross domestic product increased by 9.4% year-on-year, driving domestic turnover tax, corporate income tax, tariff and

The effect of raising the tax threshold has not yet appeared.

According to the latest personal income tax law, since September 1, 2011,

The Ministry of Finance said that the growth of personal tax in September was slightly lower than that in the previous months. However, the impact of raising the threshold of personal income tax has not been fully manifested. The main reason is that the tax payable on wages and salaries should be paid into the Treasury within 15 days of the next month, according to the relevant provisions of the tax law. Most of the wage and salary income tax collected in September will be tax payable on salaries and salaries in August, and the growth of personal income tax will fall significantly from October.

Many scholars called for tax cuts.

According to the National Bureau of statistics, in the first three quarters, GDP grew by 9.4% compared with the same period last year, and the nominal growth of tax revenue reached 27.4%, which caused many scholars' concerns about the high level of economic taxes.

Xu Xiaonian, a professor who has always supported the tax cuts, said yesterday in his personal micro-blog that "after deducting inflation, tax growth is still nearly three times that of GDP growth, and N+1 calls for tax cuts."

Xie Guozhong, an independent economist and director of the Rosetta Stone Advisors Ltd, has written that the highest rate of personal income tax in China should be reduced from 45% to 25%, and the value added tax rate should be reduced from 17% to 12%.

Wang Surong, a professor at the International Business School of University of International Business and Economics, said that China should moderately reduce the pfer tax, that is, business tax and value added tax, and the business tax is the internal price tax. There is a factor of double taxation, which has eroded the profits of enterprises to a certain extent. Although the value-added tax is a non price tax, it will eventually pfer the tax to consumers. Therefore, the proper reduction of the tax on the pfer link is beneficial to the growth of the income of the enterprises and residents, and is also conducive to the smooth development of the national expansion of domestic demand strategy.