Research On The Development Countermeasures Of Duty-free Industry In China

Duty-free retailing industry belongs to the national franchise industry.The starting point of its operation is the national transfer of some or all of the tariffs,consumption tax and other taxes.In the 21st century,China's per capita disposable income has been rising,people's living standards are improving and outbound tourism began to flourish,which brings new opportunities for the rapid development of duty-free industry.Since 2012,China has been the world's largest overseas consumption country for four consecutive years,and its position in the world's outbound consumer market has become increasingly important.The tax-free policy currently implemented in China needs to be adjusted and improved urgently in order to deal with the impact of globally integrated taxation policies on the tax-free industry,and to further lead the return of duty-free consumption of Chinese tourists abroad.In 2015,the Ministry of Finance,together with the General Administration of Customs,the Ministry of Commerce,the State Administration of Taxation and the National Tourism Administration,reported the 'Relevant Policies for Guiding Foreign Consumption Backwards to Expand Domestic Consumption'.The 90th executive meeting of the State Council decided to 'add and restore entry duty-free shops at the port'.The state re-launched the establishment of entry duty-free shops to attract the return of overseas consumption.Compared with the world's duty-free industries,China's duty-free industry started relatively late and have long been under the "non-market-oriented" monopoly system.There is a big gap between the development level of China's duty-free industry and the level of the developed duty-free industries in some other countries.Therefore,it is of practical significance to research on how to formulate targeted policies and relevant supporting measures that meet our national conditions to realize the original intention of the policy which aims to keep relevant consumption within China and promote the development of logistics,employment and related industries,as well as avoid large foreign exchange outflows.With literature research methods and comparative analysis methods,this article analyzes the present development status,prospects and policies of China's duty-free industry to learn the advanced experience of foreign tax exemption and refund policies based on the data of overseas shopping,establishment of entry duty-free shops,and the development of duty-free industries in relevant countries.Finally,we strive to propose the optimized development path and new development orientation of China's duty-free industry.