China’s economic development has not changed

Zhang Gaoli: China’s economic development has not changed for a long time to improve the fundamentals

Xinhua news agency, Beijing, May tenth, 11, 11 tax collection and Management Forum opened in Beijing. Zhang Gaoli, member of the Standing Committee of the Political Bureau of the CPC Central Committee and vice premier of the State Council, attended the opening ceremony and delivered speeches.

Zhang Gaoli said that China attaches great importance to international tax cooperation. Chinese President Xi Jinping stressed the need to strengthen global tax cooperation, combat international tax evasion, to help developing countries and low-income countries to improve tax collection and management capabilities. Premier Li Keqiang also made clear requirements. Tax revenue is the important foundation of national governance system and governance capacity, and is also an important means of global economic governance. To strengthen international tax collection and management, to better safeguard the interests of the country’s tax and tax base security, promote economic development and improve the well-being of the people’s livelihood.

Zhang Gaoli stressed that this year is an important year for the implementation of the results of the twenty group of tax reform. Tax collection and management forum to play a leadership, promote the implementation of the tax reform project, strengthen global revenue management, and promote the construction of “innovation, vitality, linkage, inclusive” of the world economy. Zhang Gaoli proposed three suggestions: one is to deepen the global tax cooperation and strive to build a mutually beneficial and win-win international tax relations, strengthen coordination in international harmonization of tax policy and administration, to jointly promote the international tax collection and management capacity building. Second international fight against tax evasion, accelerate the construction of a more fair, just and open the new order of the international taxation, jointly safeguard national tax interests, protect the legitimate rights and interests of cross-border taxpayers and regulating cross-border taxpayer compliance behavior. Three is to adhere to inclusive development, increase tax technical assistance and support to developing countries to help developing countries improve tax collection and management capabilities.

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Zhang Gaoli said that China is in building a moderately prosperous society decisive stage, economic development into the new normal, facing downward pressure on the economy, but China’s economic good toughness, potential, cyclotron space, economic development for a long period of fundamentals has not changed. We firmly establish and implement the innovation, coordination, green, open, sharing the development concept, insist on maintaining stability in the overall tone of the work, continue to implement a proactive fiscal policy and a prudent monetary policy, efforts to promote structural reforms in the supply side, continuous innovation and macro-control, adopted a series of tax reform, including the major initiatives include. Since the beginning of this year, China’s economy is generally stable, steady progress in the implementation of the economic development, structural optimization, improve the livelihood of the people of a good beginning.

Zhang Gaoli said that a “key” Chinese tax reform is to promote replacing business tax with value-added tax(VAT). Starting in May 1st this year, in the construction industry, real estate, financial industry, the life of the service industry fully open camp changed to increase, and to ensure that all the industry’s overall tax burden is not increased. This reform is conducive to the unified tax system, to solve the problem of double taxation, to reduce the burden on enterprises, and enhance the development of stamina, to speed up the development of the service industry, accelerate the cultivation of new economy and the development of new energy situation, promote the optimization and upgrading of economic structure. At the same time, China has initially formed a tax policy system to support entrepreneurship and innovation, and play an important supporting role in the promotion of entrepreneurial innovation.

The tax collection and management forum is an important supporting activities of the Hangzhou summit of the group of twenty countries in September this year, the main topic is the implementation of the new international tax rules. Leaders of the organization for economic cooperation and development, the chairman of the tax collection and management forum, the head of the UK tax bureau, the State Administration of Taxation, the person in charge at the opening ceremony.

 

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