Small and medium-sized hardware enterprises collectively went to the "tax reduction burden"

If the tax reduction is successful, at least part of the burden on the small and medium-sized hardware companies can be reduced from the bright side. Although it may not be able to drag them out of the slough, but also give them some buffer time, whether the small and medium-sized hardware companies can take this opportunity to win In the warm spring of the industry, we must also look at their own specific performance in this process. A number of experts all said that implementing only a proactive fiscal policy seems to be a little evasive. At present, tight monetary policy is the chief culprit in pushing small and medium-sized enterprises to a blind alley. Monetary policy should return to a stable and moderately loose state. The window of adjustment should be the latest. More than the fourth quarter of this year.

According to informed sources, the person in charge of the ministries and committees attending the meeting realized that the actual difficulties faced by SMEs at present, especially under the continuous pressure of tight monetary policy and inflation expectations, the company’s production costs have risen sharply and operating pressures have increased. "Millions of" SMEs are now more difficult. Zhu Hongren, the chief engineer of the Ministry of Industry and Information Technology, which focuses on the work of small and medium-sized enterprises, has just returned from Beijing to Wenzhou, Zhejiang, and he has steadily hosted the office of the State Council Leading Group for Promoting the Development of Small and Medium-sized Enterprises during the second half of June. The Development and Reform Commission, the Ministry of Finance, etc. 16 Relevant person in charge of the ministry participated. "Reducing the tax burden has formed a consensus within a relatively large range, and put forward opinions and suggestions for further improving the work of reducing the burden on enterprises. It may involve canceling and stopping the collection of more than 100 administrative charges," said one official.

The National Development and Reform Commission also stated that it will reduce the value-added tax of coal imports and port-related expenses. More and more ministries are joining the ranks of reducing taxes and burdens. The Ministry of Finance recently issued a notice requesting that since July 1, 2011, the import tariffs for gasoline, diesel, aviation kerosene, and fuel oil will be significantly reduced, of which diesel and aviation kerosene will be imported at zero tariff.

The National Development and Reform Commission's tax reduction involves a total of 33 items of tax items, mainly energy and raw materials, and is a major tax reduction measure in recent years. Lin Boqiang, director of the China Energy Economic Research Center at Xiamen University, accepted an interview with the author of this report that imported coal accounted for only 2% of the country's coal consumption, and diesel accounted for only 1.3%, which would not have much impact on prices. Luxury tariffs are also brewing down. The Ministry of Commerce has continuously released news to the outside world and intends to start with tariffs to moderately reduce the relevant tax rates for luxury goods in order to prevent the loss of strong domestic purchasing power abroad and to repurchase purchasing power back to the country.

Previously, the former Deputy Director of the State Administration of Taxation also stated that business tax is a very serious institutional obstacle to the development of the service industry. To develop the service industry and start domestic demand, business tax must be reformed. The experts agreed that the ministries began to reduce taxes and reduce burdens, indicating that the fiscal policy has become more positive. The more active fiscal policy is due to the decision-makers’ concern about the economic downturn in China.

The Chief Economist of the Economic Forecasting Department of the National Information Center believes that reducing import taxes and reducing corporate tax burden are all part of an active fiscal policy. In his view, the next fiscal policy will be more active, and relevant departments will gradually introduce measures to expand domestic demand and maintain growth. “Whether it is to reduce import taxes or reduce corporate tax burdens, both are means and measures to expand domestic demand, especially consumer demand, and can also ease the difficulties currently facing the enterprise. This is of double benefit,” Zhang Hanya, president of the China Investment Association, told the author.

According to data released by the National Bureau of Statistics, the industrial added value of industries above designated size increased by 16.5% year-on-year in May, but fell by 1.3% from April. The enterprises above the designated size set this year are different from last year's. This year, sales are more than 20 million yuan, and last year it was more than 5 million yuan. This will inevitably cause statistical distortion, and the actual value added may be less than 10%. China Federation of Logistics and Purchasing released its China Manufacturing Purchasing Managers Index (PMI) in June of 50.9%, down 1.1% from the previous quarter. The index continued to maintain at more than 50%, reflecting that the current economy continues to maintain growth, but the downward trend in growth continues.

The investigation by the Ministry of Industry and Information Technology is also not optimistic. According to the person in charge of the International Die & Metals and Plastics Industry Suppliers Association, the areas in which SMEs are currently shut down most severely are Wenzhou and the Pearl River Delta. Wenzhou has 20% of companies that have stopped production and production has been suspended. The companies that have stopped production in the Pearl River Delta have the largest number, exceeding 30%. There are various signs that the difficulties and conflicts in the financing of SMEs are becoming the main contradiction in economic life, and tight monetary policy is being increasingly severely tortured. Well-known financial commentator Shuipi believes that the practice of the central bank to blindly raise deposit deposits has also approached the dead end of the policy, and its effectiveness has been gradually lost and its negative effects have become increasingly apparent. Under the premise that the government investment continues to expand, the only ones who may be paying the bills to tighten monetary policy are SMEs. They are undoubtedly victims of crowding out.