Foreign Trade: It Is Imminent To Reduce The Tax Burden Of Enterprises.

According to recent Premier Li Keqiang's investigation of the traditional manufacturing industries in Dongguan and Shenzhen, enterprises are generally confronted with difficulties in labor cost recruitment, heavy tariffs, lack of import and export competitiveness, difficulties in pformation and upgrading and capital difficulties, especially in countries such as Southeast Asia, Thailand and other countries.

According to information, from China to Europe

About 15% to 20% tariffs will be paid, and Vietnam's footwear exports to Europe will be less than 10% of tariffs. This will have a great impact on China's traditional manufacturing industry and the competitive advantage is almost lost.

According to reports, the US President designate Donald Trump once threatened to punish American businesses that would bring jobs abroad.

At the same time, he praised a Kaili smelter, a company that will hold 800 factories in Indiana, and promised $7 million to the company's state tax.

Kelly also agreed to retain 300 additional research and management positions in Indiana.

According to statistics, because of the decision of the US government to permanently extend some tax relief measures, the US fiscal deficit rate will rise to 2.9% in the 2016 fiscal year ended in late September, the first increase since 2009.

The US government's budget deficit is expected to continue to rise in the next 10 years, reaching 1 trillion and 366 billion US dollars in 2026 and 4.9% of GDP.

At the same time, the US economy has shown signs of recovery in recent years, but it has not fundamentally improved. Because of this, the Fed has repeatedly delayed its interest rate increase and is afraid to act hastily.

In the case of a high government deficit, Trump still made a big move to cut taxes for enterprises to stop the relocation of enterprises. This demonstrates the determination of the US president-elect to stabilize social employment.

It is undeniable that there are also the public opinion needs of the president to release good governance information to the American enterprises and the masses in order to get people's support for the new US government. However, more and more important motives should be to make efforts to promote the growth of the US economy and employment, thereby maintaining the stability of the social order in the United States, and fundamentally break the international political and economic impasse in the United States and lay the foundation for maintaining the world hegemony.

American business tax itself is relatively low, but in the face of fierce competition in the global economy, American enterprises are also disturbed by high cost interference and have to move their enterprises to a low labor country. In the face of this reality, Trump is willing to further reduce tax burden to curb the relocation of state-owned enterprises.

Our government may also learn from it.

On the basis of a new tax reform to reduce the burden of nearly 500 billion yuan, a new tax reform will be carried out to reduce the tax burden of enterprises, reduce the cost of enterprises further, further reduce the cost of enterprises, especially to reduce the tariff of foreign trade enterprises, strengthen their participation in the international economic competition ability, strengthen the implementation of the preferential tax policies on the governments at all levels, eliminate the phenomenon of overhanging or interception of the preferential tax, especially to eliminate the "overtax" phenomenon, effectively safeguard the interests of the enterprises, and avoid the sustained decline in the overall operating efficiency of Chinese enterprises.

It is gratifying to note that, at the executive meeting of the State Council in November 29th, Premier Li released a positive signal for reducing the burden of enterprises. He explicitly proposed that the relevant measures should be further improved under the premise of controllable risks and institutional fairness, and the tax reduction effect should be expanded.

As long as all levels of government are unified to the central decision-making and deployment to eliminate all entrapment and suspension of tax policy, enterprises will have a bright prospect of lightening their burden, and the revival of enterprises is just around the corner.

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