2012年3月18日星期日

China shall immediately 1 trillion tax cuts

2012 years is in the recent 20 years China's facing the most important test. In the past ten years, the cost is low, China's export growth of more than 20%, the success of government departments, cover the rapid expansion of low efficiency. Global economic stagnation is structural. China's exports in the coming decade may slow growth. If the state department does not shrink, China will face low growth and inflation, i.e. experience stagflation. To avoid such a fate, China must reform and restoring growth. The most important measure is to tax cuts. The rapid expansion of government departments, state-owned enterprises, and the attached to the former two private enterprise, the efficiency is low very serious, to the future of China's economy has brought great threat. Generally speaking, easy to make money will reduce the efficiency. Government departments through the taxes and low price from the bank lending, easy access to a large income. Part of this is too easy to obtain money lead to the large expansion of government departments. Tax cuts will be significantly to stimulate the economy. With a weak exports, it will be very necessary for. By reducing the government waste to improve efficiency is a top priority. China need immediate tax 1 trillion yuan RMB to improve efficiency. 1 trillion yuan through tax cuts goal can be of value added tax, consumption tax and business tax each reduce five points way realization. For example, value added tax reduce one 5, will be from now the tax rate of 17% down to 13.5%. The highest personal income tax rate will be cut to 25% will not significantly affect financial income. Personal income tax in 2011 years ago in the nine months accounts for only 7% of China's fiscal revenue. But, it will have on China's international image has a great influence,MLB Cap summaries of the high income people have very attractive. The man turned to China, will improve the productivity of Chinese and international status. This action can be put into small, high return. China's household consumption accounts for only of the GDP of a third, less than half of the developed countries, developing countries also far lower than the average level of 55%. Prices high and low consumption main reasons. The value added tax, consumption tax and business tax each reduce one 5, will surely can stimulate the consumption. Consumption growth will likely more than disappointing cut helped drive. Is the fixed assets investment project selection and cost is concerned, the low efficiency of the government department is deeply rooted. The current system should through the development and reform commission of the examination and approval procedures to limit such inefficient behavior, but apparently did not help. Fixed assets investment situation of waste can be seen everywhere. Only the supervision of the general public can improve efficiency.discount sunglasses The local government shall all the spending on the web for all citizens supervision. Reforming state-owned enterprise management, improve economic efficiency, is China's urgent. In the current environment, there is no space continue to stand for this kind of obvious low efficiency.

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