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The Economic Effects’ Analysis Of Adjustments In Import Tariffs And Consumption Tax On Luxury Consumption

Posted on:2015-12-28Degree:MasterType:Thesis
Country:ChinaCandidate:B H ShiFull Text:PDF
GTID:2309330452950936Subject:International Trade
Abstract/Summary:PDF Full Text Request
Based on the economic growth, the rich quickly emerged and has a strong desirefor consumption. Nowadays,China has entered a period of rapid growth in the luxurygoods consumption.When the rich groups gradually increase and continue to purchasethese goods, the luxury market will highlight some unreasonable factors,thusbecoming the country’s economic and social issues.When the total of luxuryconsumption value increase and account for an increasingly large share of all theconsumer goods, the purchase of luxury goods will produce more powerful economiceffects.Luxury goods consumption in China arises a blind heat and consumptiondrain,that is most customer just want to buy luxury goods in overseas,causingwidespread public concern. Adjusting tax of luxury goods becomes a proper measureand important channel to lead a right way to develop the luxury goods market.This article is based on economic theory and statistical analysis, from theory andreality effect to explore the economic effects of adjusting relative taxes of luxurygoods.Furthermore,using the index statistics and gravity model to verify six majoreconomic effects: restraining blind heat,returning of overseas consumption,expandingdomestic demand,expanding imports,increasing public revenue,equaling incomedistribution.According to the analysis of these results, explore strategies to solve theconsumption problems.Firstly we should recognize the development trend of luxuryconsumption.Secondly make use of multidimensional and integrated degrees to helpluxury consumption to be health.Consumers should set health rational of consumptionviews.Enterprises ought to catch opportunities, be active to learn, and make efforts tocreate China local luxury brands. By layering the progressive tax reforms,govermentscan modify and perfect tax mode, thus improving imposure efficiency. In addition,establish the legal policy of development and progress, for creating a wonderfulluxury development conditions.
Keywords/Search Tags:luxury consumption, outflow of spending, tax adjustment andeconomic effect
PDF Full Text Request
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