The Effect Of Tax And Fee Reduction Policy In The New Normal Of Economy

After steadily maintaining rapid economic growth for more than 30 years,China's economy has gradually transformed into a new normal development model since 2012,but this has led to a gradual decline in the demographic dividend and an unreasonable economic structure.Due to the lack of innovation capabilities,the core problems such as low competitiveness.At the same time,the policy reform and management of the country relying on the demand side for a long time are also facing a continuous decline in the effect,and there is a significant structural imbalance in the relationship between supply and demand.This requires that China's tax and fee reduction policies implemented under the new normal economy gradually shift towards deepening supply-side structural reforms and promoting high-quality economic development.Throughout the existing research,many scholars have carried out relevant analysis from the macro-level tax burden and policy level,but the specific effects and impacts of the new tax reduction and fee reduction policies on the local economy have not been researched yet.In this case,this paper first studies the concepts of tax categories,tax and fee reductions,macro tax burdens,and discusses the theorical effects of the relationship between tax and fee reduction policies and the reduction of tax and fee burdens,the promotion of enterprise innovation transformation,stimulation of consumer investment,improvement of people's livelihood in the term of theoretical basis of tax and fee reduction by the supply schools.Theoretical experience has proved that tax and fee reductions will enhance the vitality of corporate,stimulate household consumption,create employment opportunities,and stimulate micro-economic vitality,help industrial transformation and upgrade,and promote a sustainable virtuous cycle of the economy.It is expected to provide solid accumulation of the stable government revenue growth.Secondly,from the necessity of reducing taxes and fees in line with the current economic development,the pressure of macro tax burdens to reduce taxes and reducing fees,and reducing taxes and fees to help respond to external shocks,it summarizes the large-scale implementation of our country.The need for current tax and fee reduction policies.In addition,this paper reviews China's depreciation and adjustment of tax rates and inclusive small-scale taxpayer preferences since 2014.In terms of corporate income tax,structural deductions targeted at small and micro enterprises,venture capital enterprises,high-tech enterprises,research and development costs,and accelerated depreciation of fixed assets.The reform of new personal incomein personal income tax,important tax and fee reduction measures in abolishing administrative fees,reducing social insurance fund levy rates,etc.,summarized the impact of tax and fee reduction policy on tax burden,economic structure,investment and consumption and other aspects.Then it takes city J as a model to investigate and analyze of the actual effect of the tax and fee reduction policy on city J in terms of tax reduction,which has obvious effect,especially the effect of tax reduction in 2019;in terms of fee reduction,the data collected in 2019 is incomplete,and it is found that in addition to the obvious decline in administrative and administrative fee income in 2015 and 2018,the effect of fee reduction is not that obvious.At the same time,the emergency nature of tax and fee reduction policy,the tax burden of some industries has not been declined but increased,the sense of access of technical service enterprises is not that strong,and the efforts for supporting small and micro enterprises still need to be strengthened,the effect of fee reduction caused by various charging and political affairs is still not prominent.On the other hand,the implementation of the tax reduction policy encountered inadequate service management by tax departments,lacking of financial personnel's quality and ability,and tax distribution of central and local interests were found during the implementation of the tax reduction policy.Finally,suggestions are put forward from the perspective of policy makers and executors,put forward relevant coping strategies and recommendations,including: strengthening tax reduction measures for rising tax burden industries,expanding technical service enterprise preferences,enriching support for small and micro enterprises,and realizing legalization of charging policies.To improve service management,It is necessary to improve the legal taxation,strengthen tax reduction measures in industries with rising tax burdens,expand preferential treatment for technical service enterprises,enrich the support methods for supporting small and micro enterprises,realize the legalization of charging policies,improve service management,improve the professional quality of financial personnel,and collect local financial revenue.Support the system for rectification,etc.,in order to escort the formulation of tax reduction policies,and to improve the deficiencies and deficiencies that still exist in the formulation and implementation of policies,give full play to the favorable effects and effects of tax reduction related policies,and promote the rapid development of our economy.