Research On The Influence Of Tax Reduction And Fee Reduction On Textile And Garment Enterprises

In December 2019,the Central Economic Work Conference clearly pointed out the need to consolidate and expand the effectiveness of reducing taxes and fees,vigorously optimize the structure of fiscal expenditure and take multiple measures to keep the employment situation stable.Reducing taxes and fees has become an important direction of the supply-side reform of China's fiscal and taxation system.With the entrance of China's economy into a new normal,the Chinese government has achieved good results by reducing taxes and fees,which has reduced the burden on enterprises and stimulated market vitality.This round of tax and fee reduction policy takes "cost reduction" as the core,through reducing and simplifying the value-added tax rate,reducing the social insurance premium rate,reforming personal income tax system,and reducing government funds and the burden on enterprises.However,due to the influence of industry and scale,different enterprises may have different feelings of tax and fee reduction.At present,the research on the policy of reducing taxes and fees mainly focuses on the macro level.Scholars focus more on the impact of the policy of reducing taxes and fees on the overall level of taxes and fees in the country and the construction of the fiscal and taxation system in the new period,lack of micro-level measurement of the enterprise's sense of acquisition.This paper pays attention to the textile and garment industry,taking Company M as the research object,which is the representative of large and medium-sized non-listed companies,in order to study how the company get from the enterprises tax reduction and fee reduction policy from the micro-level.In order to achieve the research goal,this paper will carry on the research through the literature research method and the comparative analysis method.Firstly,I read a large number of relevant literatures and determined the research direction and content on this basis.Secondly,after explaining the concept of tax and fee reduction,I sorted out the tax reduction and fee reduction policies related to the textile and garment enterprises since 2016.Then,this paper takes Company M as a sample to study the impact of tax reduction and fee reduction policies on textile and garment enterprises,to explore the impact of various policies and their effectiveness on Company M.The conclusion may has valuable reference for enterprises in textile and garment industry.Finally,combining the background of industrial capacity layout transfer in textile and garment industry,the paper analyzes the influence of tax reduction and fee reduction on the shift of production capacity.Based on the above research,the paper thinks that different scales of enterprises in textile and garment industry have different reactions to tax reduction and fee reduction,and the large and medium-sized unlisted companies do not have strong sense of gain;Tax and fee reduction combined with financial subsidies will have an impact on industrial capacity transfer.Based on the above conclusion,this paper puts forward some suggestions.On one hand,enterprises can further reduce costs through capacity transfer and comprehensive use of preferential tax policies.On the other hand,in the next stage of tax and fee reduction policy-making,government may appropriately consider reducing the corporate income tax rate,reducing the social insurance rate,further improving the level of tax collection and management,and reducing the tax compliance cost of taxpayers.