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Why in the first seven months of the tax year on year growth rate hit 5-year low
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Why July 2015 tax year growth rate hit a five-year low? The report shows that,outlet tiffany italia, affected by the slowdown in economic growth,jordan pas cher, falling price level and other factors.
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According to statistics, in July 2015, the national tax revenue 7.8793 trillion yuan, an increase of 4.5%,hogan scarpe interactive uomo, down 4.1 percentage points,scarpe hogan, the lowest level since the same period in 2010. Access to information that,giacca peuterey, from January to July 2014, tax revenue 7.54 trillion yuan, an increase of 8.6%.
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The economic slowdown
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?Economic data in the first half at a glance
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From the Bureau of Statistics released economic data, the first half GDP growth rate of 7%,ferragamo, the lowest for the past six years, the economic downturn a lot of pressure. Sluggish real economy, cement, electrolytic aluminum, flat glass, steel and shipbuilding overcapacity five prominent, especially in the steel industry overcapacity among the first five in the industry.
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Price level down
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Data show that the first half of this year,cartier occhiali da vista, the PPI fell 4.6%,louboutin talon compensé, fell to expand 2.7 percent over the previous year. As of July 2015, China PPI monthly data fell duration has been increased to 41 months, industrial areas serious deflation.
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The first half of 2015 the national CPI rose 1.3%, but the monthly CPI growth rate is always lower than 1.5%, CPI has 10 consecutive months of below 2%, far less than the 3% target of government control. According to statistics, 31 provinces in the first half CPI rose more than the national average of 18. In 31 provinces chart,hogan italia, Qinghai CPI rose 2.93% topped the list, up only 0.21% in Xinjiang bottom. Throughout the first half of the price level continued to run low, rally fatigue, less than 2% to 9 feet.
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And import and export industry downturn
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1--6 months, above-scale industrial added value increased by 6.3%,giubbotti woolrich, while the first half of 2014 this figure was 8.8%, you can see the slowdown.
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Reported zero growth in the first half of the industrial value-added tax; value-added tax of imported goods consumption tax, tariffs fell 14.7% and 11.4%,air max requin, respectively.
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The General Administration of Customs import and export data released on the 13th show, the first half of 2015, the export value of 11.53 trillion yuan,adidas varial trainers, down 6.9% over last year.
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In China, the tax revenue is the bulk of the revenue decrease to a certain extent reflect the tax situation. According to the Ministry of Finance website news, 2015, 1-6 months, the national general public budget revenue 7.96 trillion yuan, an increase of 6.6% over the previous year, an increase of 4.7% the same caliber.
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If the budget revenue compared to the government's pocketbook, it can be seen,golden goose sneakers mid star, the central and local governments yard purse money in the first half of this year continued to increase, but the increase in capacity was reduced. Ministry of Finance pointed out that the general public national budget revenue in the first half growth rate lower than the same period last year dropped 4.1 percentage points.
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Treasury summary, the low revenue growth has six reasons:
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First,louboutin paris, the sharp drop in prices of imported commodities, imports fell led to a substantial decline in import taxes;
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Second, the slowdown in industrial growth,rayban occhiali da vista, especially in industrial producer prices continued to decline leading to VAT and other taxes at current prices low growth;
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Third, corporate profit growth fell down to make the corporate income tax increase accordingly;
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Fourth, accelerate the progress of the export tax rebate to make export tax rebate increase significantly;
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Fifth, a few months before by the downturn of real estate sales, real estate sales tax, real estate, corporate income tax, deed tax, land tax,louboutin official, farmland occupation tax revenue accumulated general decline;
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Sixth, implement structural tax reductions and cut costs, reduce the burden on enterprises,hogan interactive, but also caused government revenues to some extent.
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The most accurate economic situation and policy analysis, economic research professor of the most professional way and interpret exclusive macro news broke,louboutin heels, all in Phoenix Report, scan the QR code reader free of charge. (ID: ifengxbg)
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