Prac­ti­cal busi­ness sup­port

China Daily (Hong Kong) - - COMMENT - — IFENG.COM

Anum­ber of po­ten­tially neg­a­tive so­cial fac­tors can be only de­fused through China’s con­tin­u­ous eco­nomic and so­cial de­vel­op­ment. Thus a key task for the Chi­nese govern­ment is sup­port­ing the com­pet­i­tive­ness of do­mes­tic en­ter­prises by pro­vid­ing bet­ter ser­vices and re­duc­ing taxes. What the govern­ment is try­ing to do, there­fore, is to cre­ate a busi­ness en­vi­ron­ment in which small and medium-sized en­ter­prises can sur­vive the ad­verse eco­nomic sit­u­a­tion, raise their ef­fi­ciency and cre­ate jobs.

Ac­cord­ing to of­fi­cial data, more than 2 tril­lion yuan ($294 bil­lion) in taxes was cu­mu­la­tively cut for do­mes­tic en­ter­prises from 2013 to 2016. And a se­ries of new mea­sures an­nounced at a mid-June tele­con­fer­ence chaired by Pre­mier Li Ke­qiang is ex­pected to re­duce the tax bur­den on do­mes­tic en­ter­prises by a fur­ther 1 tril­lion yuan this year when im­ple­mented.

How­ever, as Li said, to make up for the dwin­dling tax rev­enues re­sult­ing from the cen­tral govern­ment’s tax cuts, some lo­cal gov­ern­ments have in­creased the fees they charge en­ter­prises and the fines they im­pose, un­der a va­ri­ety of pre­texts. So, to re­ally im­ple­ment the struc­tural tax re­duc­tion pro­gram and lighten the tax bur­den on en­ter­prises, the govern­ment should not only at­tach im­por­tance to the adop­tion of rel­e­vant poli­cies, it should fo­cus more on their im­ple­men­ta­tion.

Prac­ti­cal mea­sures should be taken to in­crease the trans­parency of the process and en­sure the col­lec­tion of taxes and fees is in ac­cor­dance with the law.

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