How effective is the supplementary tax cut?Drive GDP growth and significantly increase corporate profits

How effective is the supplementary tax cut?Drive GDP growth and significantly increase corporate profits
Sauna Night News (Reporter Pan Yichun) Recently, the Institute of Public Policy and Governance of Shanghai University of Finance and Economics recently released the “Analysis Report on the Effect of China’s Deepening Reform and Implementation in 2019”, focusing on the effect of deepening reform and implementation in 2019, from reform-oriented to tax reduction, The effect appears, the four dimensions of the future direction, objective analysis, comprehensively reflect the performance of tax reduction.The “Analysis Report” shows that from April to December 2019, deepening reforms and reforms will gradually bring in tax reductions of $ 860.9 billion, with a cumulative tax reduction rate (ratio of tax reductions and tax payable before tax reductions) of 16.13% fully reflects the unprecedented scale of this tax reduction.From the perspective of industry, the manufacturing industry and its related wholesale industries have the largest tax reduction, accounting for 68% of the total tax reduction.85%, tax reduction tax 24.14%.At the same time, the amount of tax reduction is positively correlated with the degree of regional economic development. The top five provinces with the highest amount of tax reduction are Jiangsu, Guangdong, Shanghai, Zhejiang, Shandong.It is worth noting that the “Analysis Report” also shows that deepening the scale reform has significant work at both the macro and micro levels.On a macro scale, the report believes that deepening reforms and reforms last year drove GDP growth to zero.A total of 362, of which the secondary industries account for a relatively high number of beneficiaries in general.On a microscopic scale, the “Analysis Report” believes that the deepening of scale reforms in 2019 will significantly improve the company’s revenue, profits and export levels.The average driving effect on corporate revenue is 5.07% will help the company’s operating profit margin grow by 0 on average in 2019.23 single, the average export growth of enterprises is 2.27 averages, 4.26% of companies were able to turn losses into profits.Entering 2020, as the economy is under pressure from the impact of the new coronary pneumonia epidemic, the “Analysis Report” believes that deepening reform and reform should play a more active role in helping steady growth, adjusting structure, and promoting economic growth.It is necessary to maintain the continuity and stability of tax reduction policies, continue to consolidate and expand tax reduction and fee reduction measures, continue to take good tax reduction policy measures, but also make strategic adjustments to deepen gradual reforms and establish long-term sustainableFinancial policy mechanism.Sauna, Ye Wang Pan Yichun Editor Li Weijia Proofreading Li Shihui