Study on the Taxation Institution Issue of the Steel Industry in China
|School||Dongbei University of Finance|
|Keywords||Steel industry revenue Corporate Income Tax VAT Tax structure optimization|
Not be optimistic about the current development trend of China's iron and steel industry, the rapid expansion of production capacity, affordable products overproduction and insufficient supply of high-value-added products, resource consumption is relatively high, these problems caused by the comprehensive competitiveness of China's iron and steel industry with the developed countries there is a wide gap between the status quo. After the outbreak of the financial crisis, the sharp drop in foreign demand, China's steel industry has been a very big impact, significantly reduced demand, a sharp decline in export volume. Tax as an important means of macroeconomic control, has important implications for the development of the steel industry. Therefore, this study supports the development of the steel industry tax issues, and to promote the development of China's iron and steel industry as well as national macro-control policy orientation, have realistic guiding significance and reference value. Chapter II of this article from the current situation of the development of China's iron and steel industry, first proposed the existence of the problem of the development of China's iron and steel industry. Secondly, the realistic basis of the taxes to support the development of the steel industry, the paper argues that the tax revenue to help the steel industry, industrial upgrading and efficiency improvement, which is due to the cancellation of export tariffs on some products, you can reduce the cost of steel exports; improve specific steel export tax rate, restrictions can be made of high pollution, high energy product exports, the conducive industrial upgrading; VAT policies enacted renewable resources, conducive to the iron and steel scrap recycling industry healthy and orderly development; tax planning on the development of the iron and steel enterprises have an important sense, is an integral part in the development of the enterprise. On this basis, this paper presents the current tax policy's impact on the steel industry as well as the existence of the problem. Combined with the characteristics of the development of China's iron and steel industry, this environmental analysis between China's iron and steel industry with tax, which involved three types of taxes, tax incentives and tax levels, focus on analysis of the steel industry of the tax burden characteristics, the conclusion is: the total tax revenue by the level of overall economic run a greater impact; weighting based on the share of turnover tax, income tax share is lighter; the steel internal rate difference. This article Chapters IV and V analyzes the status quo of China's iron and steel industry, value-added tax and income tax, the existing problems as well as the direction of reform. Chapter VI of this article is an example of a steel company, combined with the actual situation of the steel industry and two general rule, the use of the empirical analysis of the tax structure and output of the steel industry, China's tax impact on the steel industry, the analysis of the irrational factors Finally, for the lack of empirical analysis solutions, with a view to creating a favorable tax environment for the future development of the iron and steel industry. The conclusion of this article: the tax is divided into a turnover tax (value-added tax and business tax), income tax and other taxes, the steel industry to optimize the path selection as follows: First, we should reduce the proportion of turnover tax, expanding the margin level; Second, the implementation of the Corporate Income Tax planning to enhance the output elasticity of labor factors; Finally, rational planning of the three types of taxes, to increase the proportion of other taxes.