Paying attention to the "price increase effect" of coal resource tax reform

The Twelfth Five-Year Plan proposes that it will continue to promote tax reform and taxation, comprehensively reform the resource tax, and pass the coal resource tax reform plan to be introduced within the year this year. The tax rate will be as high as 3% to 5%, which will be changed from quantity measurement to ad valorem measurement. .

Actively exploring and advancing the reform of resource taxes, especially coal resource taxes, will greatly benefit our country’s economic structure and growth model. We will be able to significantly increase fiscal revenues in energy-producing regions and help improve local economic and social development. China's provinces rich in coal resources tend to be relatively backward and underdeveloped regions. The reform of resource taxes and fees and the adjustment of taxation models are conducive to adjusting the income gap between regions in China, and are also in line with the overall goals of social development. In addition, the adjustment and reform of the resource tax can also directly promote the adjustment and transformation of the structure of various production enterprises, and help eliminate backward production capacity.

The reform of the coal resources tax is imperative, but the introduction of coal resources tax in the short term may not be a good thing. As we all know, China's coal prices and prices are closely related, China's implementation of coal in the market is the price of coal, but the price of electricity is implemented in the government's "guide price", coal price long-term "upside down" is an indisputable fact. The substantial increase in the coal resources tax will inevitably directly squeeze the coal and electricity enterprises' living space, or force the price of electricity to increase, or the government will inevitably bear a heavy subsidy if the electricity price cannot be adjusted accordingly. None of them are good expectations.

In addition, the increase in the coal resource tax will directly lead to significant price increases for primary energy such as coal. The electricity price may be “did not rise” under the guidance of the government, but the coal-related downstream industries and industries cannot directly accept government subsidies. China’s current high CPI remains high. After a series of price increases such as “You Do You Play”, “Huan Kuang You,” “Gang Youjun,” “What Apple,” “Gao Gaozong,” “No Oil,” etc. A "coal (no) you high," I am afraid that off the people's livelihood and price control blessings. The negative factors do not include the SMEs due to cost increases and "stop production", the social pain caused by the conversion.

In short, the public does not exclude the adjustment and reform of the resource tax, but from the perspective of psychological expectations and scientific considerations, this tax and fee adjustment cannot be urgent. In particular, before the relevant parties did not fully consider all kinds of negative factors and did a good job in coping with the policy, rather let the coal resources tax reform involving social interests in all aspects of "slower" reform, do not hesitate to launch.

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