A tax-starting point for a series of tax cuts next year could raise

Personal income tax, VAT, pre-tax deduction are all discussed in the ongoing local economic work conference, the determination of the 2010 revenue targets, basically with the 2009 agreement, did not rise with the economic situation improved.　　December 23, Liu Huan, deputy Dean of tax school at the center of Finance and Economics, told reporters that from this year's situation, although the situation may be better next year, but some of the goals are relatively conservative, the expected next year's revenue target of 8%, and economic growth, but the actual revenue growth rate may be 10%. This reporter learned that the national tax component has identified a package of tax cuts to be implemented next year to ensure that the economy will shift from guaranteed growth to restructuring, including a continued increase in tax starting points, the imposition of a 9-level tax adjustment to increase wage earners and, at the same time, to small and medium-sized enterprises, service enterprises,　　High-tech companies implement new tax cuts. Liu Huan said in this regard, "these policies are not much new, a single implementation of tax cuts, but summed up, does have a certain impact on the increase in revenue."　　"A number of tax cuts will be prudent in the 2010 fiscal targets and are related to the many tax cuts that are brewing next year," he said.　　The reporter learned from authorities close to the tax section that the tax component is expected to implement new tax cuts to promote structural adjustment in several major areas.　　First, in the field of tax policy to encourage enterprise innovation and industry upgrading, the current research and development investment of High-tech Enterprises is to add 50% pre-tax deduction, the next step is to consider the preparation of enterprise technology development, according to a certain amount of tax deduction before taxes. Second, tax policies to promote the development of services and SMEs. The existing tax system of the service industry is mainly levied business tax, the disadvantage is levied according to the full circulation.　　Some services, such as the financial sector, the insurance industry, a lot of circulation, levy a business tax, there may be duplication of taxation. So the next step is for the value-added tax to cover the service sector, replacing the business tax, which is a long-term consideration.　　In the short term, it can increase the transportation and building installation which is closely related to the production to take the VAT coverage, and the trades with more circulation links, such as finance and logistics, should be taxed according to the difference. Third, from the perspective of enlarging residents ' consumption and promoting employment, it will continue to reduce the tax burden of low-and middle-income people in the near future. The current wage income is based on the 9-level cumulative tax rate, which in the world is high, but also very complex.　　The next part of the national tax will be appropriate to simplify this level, the appropriate distance to pull.　　The starting point of the personal income tax will also progress, the service Remuneration tax threshold (800), the future is expected to be adjusted to wage threshold (2000).　　Finally, the preferential policy of laid-off unemployment will be extended to college students, migrant workers and other groups, and as a group of difficult employment. People close to the country's tax section point out that some of these tax policies are now being implemented, such as the halving of the tax on micro-enterprises, implemented on January 1, 2010, and that many others require approval by the NPC, but overallis to promote the growth of household consumption, increase the income of wage earners and reduce the burden on SMEs.　　However, the person also revealed that next year will also be in some areas of the implementation of tax increases, such as environmental tax is expected to levy, the resource tax will expand the scope of the levy, including water is also within the scope of the oil, natural gas, coal and other energy from the amount of levy, from the price of the levy and so on.　　In addition, as Western countries start implementing carbon tariffs and carbon taxes on China, China is also speeding up its research efforts to implement reciprocal carbon-related tax collection.　　Next year's budget imbalance still highlights the reporter learned that at present, the economic Work conference, Jiangxi, Anhui, Hebei, Zhejiang, all determine the 2010 revenue targets, and 2009 equivalent or slightly lower. A person in the budget Department of the Ministry of Finance in the central province points out that revenue is mainly about budget revenue, which is not entirely in sync with the economy, and that many tax cuts, such as the merger of the two taxes, will continue next year, limiting revenue growth.　　The fastest growing segment, such as land income, is part of the fund's income and is not included in the revenue category. "The figures now published are carefully measured and tax cuts will be implemented next year to continue to ensure a better business situation." As a result, income growth is limited, but spending will continue to accelerate, leading to a fiscal deficit.　　"said the person.　　In fact, this year's imbalances have emerged. In January-November this year, the national revenue of 6,339,310,000,000 yuan, the same period last year, an increase of 532.489 billion yuan, an increase of 9.2%, although beyond the annual 8% targets set for the beginning of the year. But January-November's fiscal spending totaled 5,623,597,000,000 yuan, a 22.7% increase over the same period last year, showing a faster pace.　　Among them, medical and health, agriculture and other areas of accelerated expenditure. However, the income tax on individual income is still slow, reflecting the enterprise's efficiency of enterprise value-added tax, which shows that the growth of enterprises and individuals is not ideal.　　The first 11 months of the domestic enterprise value-added tax growth of 0.3%, reflecting the personal income of personal tax growth of only 5.3% year-on-year.　　Kang, director of the Treasury's finance division, had previously determined that the 2010 investment in the centre would reach 588.5 billion per cent, up from 487.5 billion per cent this year, as the NDRC's planned fifth tranche of investment could be transferred to next year, with other spending rising and the fiscal deficit in 2010 likely to reach 1 trillion levels.　　This has set a new record since the founding of the nation, but from the size of the deficit to GDP, 2.9% is still less than the 3.1% record recorded during the Asian financial crisis. He said at several recent meetings that the economic figures for the second half of next year might not be as good as the first half, and that a new economic policy might be needed to do so, but that would lead to greater fiscal spending.