Export tax rebates on toys and other industries affected significantly - toys, raw materials - the toy industry

Export tax rebates on toys and other industries affected significantly - toys

, raw materials - the toy industry

"We hope that the Government's macro-control stable, orderly, and enable the industry to health and sustainable development." Several light industrial enterprises for the plight of recent, China Light Industry Federation Industry research New Director Guo said in an interview. Since the second half of

2007, export tax rebates as well as processing control policies such as trade restrictions were introduced directory, and put into effect, export-oriented processing trade enterprises exerted pressure on the class, the PRD withdrew tens of thousands of enterprises are facing and, closure or relocation of the hard choices.

Yong-Xin Guo, commented, departments and even to pressure surplus heavy fist, "clearly played a ruthless." Just two weeks ago, is responsible for light industrial economic operation of the newly completed Guo authored by his "light industrial policy and regulatory strategies," the research topic, proposed the establishment of ten to adapt to market competition, industry regulation and control mechanisms. "We hope that the national control means and not confined to individual action." He said that the report has been submitted to the State Development and Reform Commission and Ministry of Finance, now awaiting feedback from the departments concerned.

Control to smooth and orderly PRD type of processing trade enterprises now face the dilemma is the result of multiple pressures. Strong government regulation of the above, here are labor costs to upgrade and upstream Raw materials Price increases, have to face the increasingly fierce international competition in the market and the increasingly stringent product quality standards.

2007 7 1 implemented on a new export tax rebate policy, the toy industry's tax rate reduced by two percentage points, from 13% to 11%. Although the adjustment is not great, but the profit share of the already very thin, processing enterprises, these internal and external pressure, if not in-house Digestion , Can not find an exit out of conduction, enterprises can hardly survive.

"Different industries have different control strategies." Guo said a new, strong export-oriented toy industry, if only for the surplus, control theory, can be a bit too strong, but "toy is also a support of 3 million jobs industry, regulation should have to consider. "

Export tax rebate on Plastics industry The effects are most obvious. Plastic products export tax rebate rate from 11% to 5%, thereby reducing the tax revenue the industry at least 1.217 billion U.S. dollars, accounting for 35% of industry profits throughout the year. Also hit Paper products Industry, according to Guo the new estimates, the industry profits will be reduced by 30%. China Plastics Processing Industry Association executive vice president of buckling modes in the hands of the statistical data show that from January to September 2007, Plastic Products 15.15% export growth, while growth in 2006 up 24.79 percent over the same period, the growth rate fell by nearly 10 percentage points.

To allow the industry is deeply disturbed that this year Business Part of the export tax rebate adjustments may also further increase the intensity. Guo new proposal is before the introduction of regulatory policies to expand the industry in the scope of the hearing if the affected industry profits above 20%, must listen to the views of business.

However, Li Guojun, said this year's situation is still optimistic, partly because Energy Emission reduction and environmental protection requirements, to promote products to replace plastic Steel And Timber High energy-consuming industries, industry prospects; while on the other hand taking into account Olympics Factors, he thought before this year in September there will be no major policy changes.

Ten control mechanism proposed Light industry is the highest degree of the Chinese market, the international competitiveness of most industries over the years have been less regulation and control of national policy. The recent spate of regulatory action, it means that light from this area will also be included in government regulation?

Have shown many signs of this possibility. "A few years rapid development of heavy chemical industry, light industry's share in the national economy is relatively less and less." Guo said the new State Development and Reform Commission has noted that the proportion of light and heavy industrial imbalance occurs, the government regulation has been put on the agenda to proceed.

Regardless of the surplus is pressure, expansion of employment, stimulating domestic demand, or energy conservation, strengthen macro-control of light are necessary.

POST COMMENT

IRS Tax Relief IRS Tax Attorneys to the Rescue What Is A Tax Attorney New Tax Preparer Regulation – Why It Could Hurt Everyone How to Use Taxes to Build Your Wealth New 2010 Tax Changes Car Donation Tax Reduction Exploring North Carolina Tax Preparation IRS Employer Tax Examinations Knowing More About Nfl Football Peak Season Of Nfl Football Jerseys Manufacturers Solve Your Financial Problems With Tax Deferred Retirement Annuities Making A Living By Playing Football In Nfl Football Jerseys Fan's Guide to Buying NFL Team Jerseys