"Two high and one capital" product export tax rebate or will be adjusted again

According to sources, the types of reduction in export tax rebates that are being studied are still based on high energy consumption, high pollution, and resource-based “two-high-funded-funded” products, especially focusing on the “one fund” and very It may involve new types of products that have not been adjusted in the past year.

“May be involved in rubber, non-ferrous metals, steel, building materials, etc. The specific commodities have yet to be finalized. The extent of the specific adjustment of tax rates is still under discussion, but the overall reduction should not be too great, steel, building materials, new Individual species in the categories of materials and additives will be reduced more.” The above person told the “Economic Information Daily” reporter.

At the same time, the above-mentioned sources stated that “at present, the research of various ministries and commissions has basically taken shape, and when it is possible to form an official document, it is still more complicated. We need to comprehensively consider factors such as China’s export performance at the beginning of this year and balance the opinions of various ministries and commissions.”

Further abolishing or reducing the export tax rebates for other "two high and one capital" products is already a general trend. Sources told the "Economic Information Daily" reporter that the relevant state departments have initially formed a strategic report involving the export tax rate of resource products. In this report, rare metals such as rare earths; ferrous metals such as iron and steel, petroleum, and coal; non-ferrous metals such as nickel, molybdenum, and tungsten; solar polysilicon and other raw materials, and overall strategies in the fields of water resources and forest resources, have basically taken shape. . In the future, we will choose the right time and implement it step by step according to the principle of controllability and gradualism.

The intention of the state to limit the export of "two high and one capital" products has become increasingly clear. On June 22, 2010, the Ministry of Finance and the State Administration of Taxation issued the “Circular on the Cancellation of Tax Rebates on the Export of Certain Products” (Cai Shui [2010] No. 57) and decided to cancel some steel and nonferrous metal processing materials from July 15, 2010. Such as the tax refund rate of 406 tax numbers.

According to reports, in order to ease the excessive trade surplus and adjust the industrial structure, China has cancelled 553 "high energy-consuming, high-polluting, and resource-based" product export tax rebates since July 1, 2007, and reduced 2268 items that are likely to cause trade frictions. The export tax rebate rate of the goods. However, with the outbreak and spread of the international financial crisis, China began to adjust its export policy in the second half of 2008, increasing the export tax rebate rate seven times in a row, reducing the export credit premium rate, adjusting the catalogue of processing trade bans, and maintaining The exchange rate is basically stable.

Recently learned that the Ministry of Finance, the National Development and Reform Commission, the Ministry of Commerce and other departments are studying to further strengthen the restrictions on the export of resource products, and brewing to reduce and cancel the export tax rebate for some products.

Analysts said that China’s cancellation of export tax rebates for some high energy-consuming and highly polluting products will be long-term, reflecting the urgent need for energy-saving emission reduction and structural adjustment.

Ma Zhong, Dean of the School of Environment of Renmin University of China, said in an interview with the reporter of the Economic Information Daily that considering the energy saving and emission reduction during the “Eleventh Five-Year Plan” period, the pressure of rising total energy consumption has already appeared and further energy saving has been achieved. Emission reduction must rely on industrial restructuring. By canceling the export tax rebate, the cost pressure on the “two high and one capital” product manufacturing enterprises can be increased, and the transformation of enterprises and technological progress can be promoted, thus stimulating the adjustment of the entire industrial structure.

Ma Zhong said that the "two high and one capital" products exported to the outside world consume a large amount of domestic energy resources and leave the pollutants in their home countries, but they export relatively clean products to foreign markets, which has an unfavorable external economic impact. While such export products have achieved a trade surplus, they have created an "environmental deficit." The implementation of the export tax rebate policy for "two high and one capital" products is actually a kind of financial subsidy for high energy consumption and high emission enterprises.

"Taxes belong to public revenue and should serve the public interest. The export tax rebate policy for enterprises with high prices and high capital is contrary to the requirements for environmental protection and does not reflect the public service characteristics of fiscal policy." Ma Zhong said, canceling " The export tax rebate policy of the “two-high-funded” product shows that the government's intention to strengthen the “Twelfth Five-Year” energy-saving and emission-reduction work is also the improvement and improvement of fiscal and taxation policies, indicating that the national taxation system is moving in a direction of resource conservation and environmental friendliness. change.

However, the re-adjustment of export tax rebates may cause some export industries to experience a downward trend, and it will also trigger industry concerns about exports.

Researcher Bai Ming of the Ministry of Commerce Research Institute said in an interview with a reporter from the Economic Information Daily that at present, the contents of related policies are still unknown. However, he believes that from the current stage, foreign trade-related policies should be based on maintaining stability. He also added that the export tax rebate is only for the purpose of making our products and enterprises compete fairly in the international market, and it is not particularly favorable to export companies. If we do not export tax rebates, exports are equivalent to two VAT levies.

Bai Ming said that in the long run, China’s economy will gradually shift from relying on external demand to relying on domestic demand. However, after all, expanding domestic demand is a long-term process that affects people’s income and other factors. Considering that the impact of the current international economic crisis is not over yet, advanced economies have been trapped in economic stagnation, and emerging economies with good economic growth are facing inflation risks, coupled with multiple pressures such as the US’s quantitative easing monetary policy and the pressure of *** appreciation. This year, China's exports will face greater pressure. Therefore, at the present stage, both internal and external needs are also needed. Adjustment of export policies should be cautious.