Next Year, The Financial And Insurance Industry Will Not Be Finalized.

< p > < strong > the financial and insurance industry is good. < /strong > /p >

< p > < < a href= > http://www.91se91.com/ > > Finance > /a > the insurance industry has indeed undertaken a relatively heavy tax. Although for the financial and insurance industry, the business tax rate is 5%, but in addition to paying business tax, it also has to pay income tax, urban maintenance and construction tax, stamp duty, education surcharge tax and so on. The actual tax burden is higher, and the business tax rate of the financial and insurance industry is also higher than that of 3% industries, such as pportation, post and telecommunications, construction and installation, which are 3% tax rates.

In December 18th, a finance director of a joint stock bank in Shanghai said.

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< p > although there is no data to show how much tax burden the domestic financial and insurance industry bears, but according to incomplete statistics, as of the end of the three quarter of this year, 16 listed banks of A share have paid taxes (business tax, income tax and others) 412 billion 244 million yuan, 4 listed insurance companies have paid 29 billion 856 million yuan, and the listed banks and insurance companies have paid 442 billion 100 million yuan in total.

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< p > according to the official data of the State Administration of Taxation, in 2012, the national business tax revenue was 1 trillion and 574 billion 753 million yuan, an increase of 15.1% over the same period last year, down 7.5 percentage points from the same period last year. In addition to the rapid growth of the financial services business tax, the growth rate of business tax in other industries has dropped.

Among them, the business tax on leasing and business services decreased by 16.5%, and the business tax in pportation, construction and real estate industry dropped by 13.7, 6.7 and 3.3 percentage points respectively.

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< p > "although the pilot reform does not include < a href=" http://www.91se91.com/ > financial > /a > enterprises, it is very necessary to implement the value-added tax on the business tax for financial enterprises. If the financial insurance business is changed to increase next year, it should be a considerable benefit for the listed financial institutions, which can reduce the burden of excessive financial burden on the financial institutions, and even reduce one percentage point, it will also reduce the tax burden of tens of billions.

Haitong Securities, a financial analyst said.

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< p > "in addition to banking and insurance benefits, the fund industry has also benefited a lot.

At present, the main source of income of fund companies is fund management fee income and fee income, and the total sales tax collected on these two incomes can be deducted if it can be converted into value-added tax. This part of the expenditure may be deducted from the total taxable amount, which will greatly reduce the tax burden cost of the fund company.

Han Xiaoqin said for example.

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< p > however, the reporters also realized that although the financial industry hoped to implement the business tax increase as soon as possible and achieve structural tax reduction, experts in finance and taxation think that if we really want to reform the financial and insurance industry from next year, we will also face many difficulties in collecting taxes.

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< p > "there is still a high degree of technical difficulty in levying VAT on the financial industry. One of the key issues is how to confirm the deduction of input tax.

Because the deduction amount of the financial industry is very small, if the business tax is changed directly to the value-added tax, the financial institutions can actually get a lot of benefits.

It is originally intended to avoid double taxation. If the deduction is not in place, the goal may not be achieved.

Sun Gang, a research fellow at the Ministry of finance, said.

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< p > < strong > central place < a href= "http://www.91se91.com/" > tax < /a > game < /strong > /p >

< p > with the constant expansion of the camp, the dispute between the central and local governments is inevitable.

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< p > Sun Gang analysis. Since the VAT is a shared tax, the central government shares 75% and the local share 25%. For business tax, although a part of the business tax revenue of the bank headquarters is central to the central government, the majority of the sales tax is entered into the local government tax receipts from the total income. Currently, part of the local income exceeds 1/4 is from the sales tax.

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< p > "no matter which way it is adopted, its adjustment is very difficult. It needs a lot of rounds of games between the central and local governments, and its complexity will go far beyond the imagination of the drafting department of the VAT reform program. In particular, what is the relationship between the adjustment of the fiscal system caused by the VAT expansion and the future trend of the tax sharing system?

Sun Gang said.

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< p > Chen Weizhi, a professor of finance at Shanghai University of Finance and Economics, analyzes the growing interest rate changes in the area. The main reason is that the amount of value added tax should be the difference between the output tax and the input tax. If the tax comes from the place, there is nothing to say, but if the tax does not come from the local level, it means that the tax is deducted from the local market, and the local government will feel the loss. It will intentionally or unintentionally require local enterprises to purchase local raw materials as far as possible, so that the water will not flow to the outsiders, which will lead to market blockade and artificial division and destroy the unity of the market.

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"P >" recall the reform of the export tax rebate system in 2004, even though only 20% of the tax burden was borne by the local government, but because of the uneven regional burden, the reform that had just been implemented for a year was readjust.

There are already signs that some places have begun to take measures in this area. "

Chen Weizhi pointed out.

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According to Han Xiaoqin, in the view of Mr. P, the deepening of the camp reform, apart from the distribution relationship between the central government and localities and localities, will also involve the adjustment and adjustment of the tax collection and management between the state and local taxes. If the value-added tax of the whole industry is collected and collected by the state tax authorities, the land tax will be marginalized; if the VAT is entirely collected by the local tax authorities, it will not be possible; if the joint collection of state and local taxes is a temporary measure, it may be possible, but in the long run it will be neither fish nor fowl, especially the collection and management of the VAT, which involves the collection and management of the enterprise income tax, making the problem more complicated.

Unless the practice of separating state and local taxes is fundamentally eliminated, the contention between the central and local governments will exist in a variety of forms.

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