Research On The Contribution Rate Of Social Insurance Companies

As the main body of the real economy,the enterprise is an important force to promote the rapid development of the national economy.The quality of the business operation will directly affect the level of development of the national economy.At present,China's economy has entered a new normal,shifting from high-speed growth to high-speed growth,and paying more attention to the quality and benefits of development.At the present,China's corporate social insurance payment burden is heavy,resulting in rising labor costs,shrinking corporate profit space,and declining market competitiveness.This may also lead to the frequent occurrence of escaping fees for some companies,which in turn affects the social insurance funds.The sustainable operation of the collection and social insurance system also hinders the stable development of the economy to some extent.Therefore,in order to reduce the burden on enterprises and enhance the vitality of enterprises,the government has successively introduced a number of policies aimed at reducing the social insurance contribution rate of enterprises.In the government work report of 2018,it was clearly stated that it is necessary to continue to reduce the social insurance contribution rate of enterprises and reduce the burden on enterprises.However,after the social insurance contribution rate of enterprises has been reduced to a certain degree,what is the current level of corporate social insurance coverage?This is what many scholars care about.In addition,the introduction of the US Tax Reduction Act means that the operating cost pressures of enterprises will be significantly reduced,which will,to a large extent,cause companies to withdraw from the Chinese market,which will in turn lead to capital outflows,and will have an impact on China's real economy.Therefore,in order to fully release the vitality of enterprises,enhance the market competitiveness of enterprises and promote the healthy development of the national economy,and in order to prevent the impact of the US tax-reduction scheme on capital outflows caused by China,it is very important to explore the current social insurance burden of Chinese enterprises.And meaningful issues.As an economic province of China,Jiangsu's economic structure and layout are similar to the overall layout of the country.Therefore,it can be seen as a microcosm of the national economy.By studying the contribution of corporate social insurance contributions in Jiangsu Province,not only for the economy of Jiangsu Province.It is of great significance to continue to maintain the leading position in the country,and it can also provide reference for economic development in other regions.China's social insurance payment includes two parts:one is the social insurance company payment part,and the other is the social insurance individual payment part.The corresponding two-part payment rates are:social insurance company payment rate,and social insurance personal payment rate.The object of this study is the contribution rate of the social insurance company.It does not include the contribution portion of the individual employee's contribution,even though the employee's personal contribution part is also paid by the company.This paper firstly sorts out the status quo of corporate social insurance payment levels in cities of Jiangsu Province.According to the level of corporate social insurance payment rates in cities of Jiangsu Province,the average social insurance payment rate of Jiangsu enterprises is 29.44%.Second,since both Marx and George Ramsay have pointed out that "the social insurance of enterprises is derived from the profits of enterprises",the more the company's social insurance expenditures,the less the funds that can be used to expand the investment in reproduction.The greater the adverse impact on the company will be.Therefore,this paper immediately assesses the level of corporate social insurance payment burden from the impact on corporate net profit,divides enterprises into three categories according to size,and separately explores the impact of social insurance contributions on the net profit of enterprises of different scales.Through the analysis,it is found that the current rate of corporate social insurance contributions in Jiangsu Province is relatively high,and there is a clear crowding-out effect on the company's net profit.At the same time,the burden of social insurance contributions on small,medium and micro enterprises is heavier than that of large enterprises.Again,this article uses relevant statistical data of enterprises in Jiangsu Province to calculate the maximum social insurance contribution rate that the company can bear without affecting the normal expansion of the company's reinvestment in production.The calculation is mainly divided into two steps:First,assuming that the company will use the profits to pay for the social insurance expenses,the limit of the company's contribution rate is 40.55%.However,for the sake of long-term survival and development,it is impossible for the profits to be fully used to pay for social insurance expenses,but rather,some funds will be retained for the expansion of reproduction investment.Based on this,this paper combines the ultimate level of corporate payment rates and the average investment rate of enterprises.The level of empirical calculations shows that the maximum social insurance contribution rate the company can bear is 20.78%when it does not affect the normal expansion of the company's investment in reproduction.Therefore,it is found that the current corporate social insurance contribution rate in Jiangsu Province is much higher than the maximum social insurance contribution rate that it can afford.At the level,the burden on enterprises is heavier.It is imperative to reduce the social insurance contribution rate of enterprises.Then,this article analyzes the rate reduction rate from the aspects of the necessity and feasibility of reducing the social insurance contribution rate.On the one hand,the social insurance premium rate of enterprises is too high,causing a huge burden on the enterprises,but also indirectly causing fluctuations in the job market,impeding the development and improvement of the social security system,and ultimately affecting the smooth operation of the entire social economy,thus reducing Corporate social insurance contribution rate is very necessary;on the other hand,reducing the current corporate social insurance contribution rate will not lead to a decline in social security fund revenue.For this reason,this article cites the Laffer curve for analysis and explanation,and thus reduces Corporate social insurance contribution rates are feasible.Finally,aiming at the problem of high social security contribution rate in Jiangsu Province,this paper puts forward suggestions to lower corporate social insurance payment rate appropriately.At the same time,from the mobilization of personal mobilization enthusiasm,increase government financial investment and expand the investment channels of social security funds.Other aspects have proposed relevant supporting policies and suggestions.