Yang Yuanqing, member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), has no way to sell our Lenovo computers at home. A value-added tax of 17% must be added to the price, but the product's gross margin is only 15%.
Zong Qinghou, deputy to the National People's Congress and chairman of the Wahaha Group, should effectively reduce taxes and tax rates, and at the same time require companies to rationally apply part of the state tax revenue concessions. This can be used not only for technological innovation, but also for improving employee income.
At present, during the two sessions of the National Committee, some deputies have focused their attention on various problems encountered in the country’s economic field. Some of these proposals and speeches have pointedly imply that the excessive tax burden of enterprises has hindered the development of enterprises and consumers have not. Affordable; some hope to continue the incentive incentives for the auto industry and curb local government restrictions; others call for fine-tuning of credit policies in real estate regulation...
(Reporter Xue Song) Yesterday, Yang Yuanqing, a member of the National Committee of the Chinese People's Political Consultative Conference, criticized the High Value-added Tax (VAT) at the CPPCC Subgroup Discussion. He said that it is not only high-end consumer goods that are cheaper abroad than domestic ones, but Nike shoes are also the same for mass consumer goods. There is no way that Lenovo's computers can be sold at a low price in China, and 17% of VAT must be added to the price, but the gross margin of products is only 15%."
status quo:
Domestic production price is more expensive domestic and foreign difference of 20% to 50%
China’s per capita income is only one-tenth that of the United States. Why does it cost 20% to 50% more to buy the same product? As a national brand of Lenovo computers, they also come forward to excuse: not their own price discrimination, but China's high taxation.
This is already the second time that Yang Yuanqing has called for lowering the tax rate at the two national conferences. At the two sessions last year, Yang Yuanqing took up high-end consumer goods, saying that excessive tariffs caused the loss of domestic demand.
Yesterday, reporters saw on Lenovo’s global website that Lenovo’s computers had different prices in various countries around the world, with a price difference of 10% to 20%. Take Lenovo's Tablet IdeaPad K1 Tablet (32GB) as an example. The US official website sells for 499.99 US dollars for about 3149 yuan, while the domestic website sells for 3499 yuan, the former is 350 cheaper than the latter.
Take the Apple iPhone 4S (16G) as an example. The model's official website in mainland China sells for 4,988 yuan, while the Hong Kong official website in Hong Kong sells for 5088 Hong Kong dollars (about 4129 yuan), and the official website in the United States sells for 649 yuan. USD (about 4087 RMB). The handset is the most expensive in mainland China and is more than 20% more expensive than Hong Kong and the United States.
According to the statistics of the Ministry of Commerce last year, the prices of 20 brands of high-end consumer goods in the mainland market were about 45% higher than those in Hong Kong, 51% higher than the United States, and 72% higher than in France.
Secret:
Low export costs, high domestic sales costs, 17% value-added tax, globally high Lenovo computers and Apple mobile phones are all produced in the Chinese mainland. Why do the prices of exports to overseas markets are so much lower than those in mainland China?
China Unicom sources told reporters that the iPhone is provided by the United States Apple Inc. It is imported in full, and it is required to pay a value-added tax of 17% when it is introduced into China. Even if Unicom’s iPhone is produced in China, it is also produced in the bonded area. Exports do not have to pay taxes. If you sell in the country, you must pay taxes.
Some experts analyzed that because of the export tax rebate policy that China has implemented since 1985, as long as the products are used for export, the imported electronic spare parts can be recorded in the customs import manual, and customs duties and import value-added tax will be exempted.
This means that Lenovo computers and iPhones are equivalent to confiscation of taxes when they leave China's production areas, but when it is necessary to return to China when Zhengda Guangming returns to China, taxation is inevitable. An iPhone 4 bare-metal machine that was priced at US$649 (approximately 4,087 yuan) in the United States became 4,988 yuan after it was sold in China. The increase is the 17% VAT of the entire mobile phone, which is about 900 yuan.
Shen Shuzhang, a professor of finance at the School of Economics at Jinan University, recently stated that there is no value-added tax in the United States, with an average of 10% in Europe, 4% in Japan, and 17% in China and 13% in China. China is a country with a higher value-added tax.
Bad Influence Domestic Sales Difficulties Due to the formation of spreads, the Ministry of Commerce spokesperson said last year that it is not possible to avoid the fact that the comprehensive import tax rate for certain branded goods is relatively high, including tariffs and consumption taxes. Excessive value-added tax and policies to encourage exports have also given rise to negative effects such as the difficulties of domestic-selling enterprises and the loss of revenue caused by parallel imports. Some CPPCC members appealed that they should consider revising relevant policies.
On the one hand, it is unfair to domestic sales companies. Some experts said that domestic sales companies must pay VAT, receive no export tax rebates, but also pay business tax, imported spare parts and raw materials. The time for approval is long, and import VAT must be paid before they can be used for domestic sales. The combination of these restrictions means that companies must do domestic sales, and can only raise prices significantly in order to obtain profits comparable to foreign sales.
On the other hand, parallel imports caused the loss of revenue. Hong Kong's imports are basically tax-free, so many parallel imports from the Hong Kong mobile phone black market into the mainland market, one of the channels for tax evasion. Taking the Apple iphone as an example, if carefully calculated, the mainstream iPhone handset will have a lower price of 400-700 yuan compared with the parallel mobile phone online price after removing 17% of the value-added tax. It can be seen that in addition to the tax evasion of parallel imports, parallel merchants earn a lot of black money.
Representation members discuss the tax burden of enterprises "Do not let high taxes become a 'stumbling block' for the transformation and upgrading of SMEs"
According to Xinhua News Agency, Beijing is part of the delegates of the two National Committees. They urged that high taxes should not be used as a "stumbling block" for the transformation and upgrading of SMEs. It is suggested that the active fiscal policy should focus on tax cuts and increase the profitability of the entities.
A proposal from the Democratic National Construction Association concluded that the burden of taxation on private enterprises is highlighted by the fact that the actual tax rate is relatively high; the external costs of taxation are relatively heavy; the determination of the amount of tax and fee collection is artificially large.
Zhao Linzhong, deputy to the National People's Congress and chairman of the Furun Holding Group, believes that if the burden of taxes and fees is heavier, if companies raise commodity prices, they will pass the tax burden on to commodity consumers; Dividends are tantamount to transferring the tax burden to workers.
What is even more noteworthy is that the superposition of multiple factors such as high taxes and fees makes costs soar. SMEs are faced with “too high costs and too thin profitsâ€. There is a huge contrast in investment returns between the real economy and the non-real economy. Some private capitals are free of the real economy. Become "hot money" and "hot money."
Some deputies called for an active fiscal policy to focus on tax cuts, increase the profitability of entity companies, revitalize the spirit of industry, and “transplant†some policies that support “agriculture, rural areas and farmers†to small and medium-sized enterprises. Give more."
The so-called value added tax (VAT) refers to the taxation of newly added value as long as new value is generated in the process of selling goods, importing goods, or providing processing, repair and repairing services.
Zong Qinghou, deputy to the National People's Congress and chairman of the Wahaha Group, should effectively reduce taxes and tax rates, and at the same time require companies to rationally apply part of the state tax revenue concessions. This can be used not only for technological innovation, but also for improving employee income.
At present, during the two sessions of the National Committee, some deputies have focused their attention on various problems encountered in the country’s economic field. Some of these proposals and speeches have pointedly imply that the excessive tax burden of enterprises has hindered the development of enterprises and consumers have not. Affordable; some hope to continue the incentive incentives for the auto industry and curb local government restrictions; others call for fine-tuning of credit policies in real estate regulation...
(Reporter Xue Song) Yesterday, Yang Yuanqing, a member of the National Committee of the Chinese People's Political Consultative Conference, criticized the High Value-added Tax (VAT) at the CPPCC Subgroup Discussion. He said that it is not only high-end consumer goods that are cheaper abroad than domestic ones, but Nike shoes are also the same for mass consumer goods. There is no way that Lenovo's computers can be sold at a low price in China, and 17% of VAT must be added to the price, but the gross margin of products is only 15%."
status quo:
Domestic production price is more expensive domestic and foreign difference of 20% to 50%
China’s per capita income is only one-tenth that of the United States. Why does it cost 20% to 50% more to buy the same product? As a national brand of Lenovo computers, they also come forward to excuse: not their own price discrimination, but China's high taxation.
This is already the second time that Yang Yuanqing has called for lowering the tax rate at the two national conferences. At the two sessions last year, Yang Yuanqing took up high-end consumer goods, saying that excessive tariffs caused the loss of domestic demand.
Yesterday, reporters saw on Lenovo’s global website that Lenovo’s computers had different prices in various countries around the world, with a price difference of 10% to 20%. Take Lenovo's Tablet IdeaPad K1 Tablet (32GB) as an example. The US official website sells for 499.99 US dollars for about 3149 yuan, while the domestic website sells for 3499 yuan, the former is 350 cheaper than the latter.
Take the Apple iPhone 4S (16G) as an example. The model's official website in mainland China sells for 4,988 yuan, while the Hong Kong official website in Hong Kong sells for 5088 Hong Kong dollars (about 4129 yuan), and the official website in the United States sells for 649 yuan. USD (about 4087 RMB). The handset is the most expensive in mainland China and is more than 20% more expensive than Hong Kong and the United States.
According to the statistics of the Ministry of Commerce last year, the prices of 20 brands of high-end consumer goods in the mainland market were about 45% higher than those in Hong Kong, 51% higher than the United States, and 72% higher than in France.
Secret:
Low export costs, high domestic sales costs, 17% value-added tax, globally high Lenovo computers and Apple mobile phones are all produced in the Chinese mainland. Why do the prices of exports to overseas markets are so much lower than those in mainland China?
China Unicom sources told reporters that the iPhone is provided by the United States Apple Inc. It is imported in full, and it is required to pay a value-added tax of 17% when it is introduced into China. Even if Unicom’s iPhone is produced in China, it is also produced in the bonded area. Exports do not have to pay taxes. If you sell in the country, you must pay taxes.
Some experts analyzed that because of the export tax rebate policy that China has implemented since 1985, as long as the products are used for export, the imported electronic spare parts can be recorded in the customs import manual, and customs duties and import value-added tax will be exempted.
This means that Lenovo computers and iPhones are equivalent to confiscation of taxes when they leave China's production areas, but when it is necessary to return to China when Zhengda Guangming returns to China, taxation is inevitable. An iPhone 4 bare-metal machine that was priced at US$649 (approximately 4,087 yuan) in the United States became 4,988 yuan after it was sold in China. The increase is the 17% VAT of the entire mobile phone, which is about 900 yuan.
Shen Shuzhang, a professor of finance at the School of Economics at Jinan University, recently stated that there is no value-added tax in the United States, with an average of 10% in Europe, 4% in Japan, and 17% in China and 13% in China. China is a country with a higher value-added tax.
Bad Influence Domestic Sales Difficulties Due to the formation of spreads, the Ministry of Commerce spokesperson said last year that it is not possible to avoid the fact that the comprehensive import tax rate for certain branded goods is relatively high, including tariffs and consumption taxes. Excessive value-added tax and policies to encourage exports have also given rise to negative effects such as the difficulties of domestic-selling enterprises and the loss of revenue caused by parallel imports. Some CPPCC members appealed that they should consider revising relevant policies.
On the one hand, it is unfair to domestic sales companies. Some experts said that domestic sales companies must pay VAT, receive no export tax rebates, but also pay business tax, imported spare parts and raw materials. The time for approval is long, and import VAT must be paid before they can be used for domestic sales. The combination of these restrictions means that companies must do domestic sales, and can only raise prices significantly in order to obtain profits comparable to foreign sales.
On the other hand, parallel imports caused the loss of revenue. Hong Kong's imports are basically tax-free, so many parallel imports from the Hong Kong mobile phone black market into the mainland market, one of the channels for tax evasion. Taking the Apple iphone as an example, if carefully calculated, the mainstream iPhone handset will have a lower price of 400-700 yuan compared with the parallel mobile phone online price after removing 17% of the value-added tax. It can be seen that in addition to the tax evasion of parallel imports, parallel merchants earn a lot of black money.
Representation members discuss the tax burden of enterprises "Do not let high taxes become a 'stumbling block' for the transformation and upgrading of SMEs"
According to Xinhua News Agency, Beijing is part of the delegates of the two National Committees. They urged that high taxes should not be used as a "stumbling block" for the transformation and upgrading of SMEs. It is suggested that the active fiscal policy should focus on tax cuts and increase the profitability of the entities.
A proposal from the Democratic National Construction Association concluded that the burden of taxation on private enterprises is highlighted by the fact that the actual tax rate is relatively high; the external costs of taxation are relatively heavy; the determination of the amount of tax and fee collection is artificially large.
Zhao Linzhong, deputy to the National People's Congress and chairman of the Furun Holding Group, believes that if the burden of taxes and fees is heavier, if companies raise commodity prices, they will pass the tax burden on to commodity consumers; Dividends are tantamount to transferring the tax burden to workers.
What is even more noteworthy is that the superposition of multiple factors such as high taxes and fees makes costs soar. SMEs are faced with “too high costs and too thin profitsâ€. There is a huge contrast in investment returns between the real economy and the non-real economy. Some private capitals are free of the real economy. Become "hot money" and "hot money."
Some deputies called for an active fiscal policy to focus on tax cuts, increase the profitability of entity companies, revitalize the spirit of industry, and “transplant†some policies that support “agriculture, rural areas and farmers†to small and medium-sized enterprises. Give more."
The so-called value added tax (VAT) refers to the taxation of newly added value as long as new value is generated in the process of selling goods, importing goods, or providing processing, repair and repairing services.
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