On the afternoon of January 31, Shanghai Mayor Ying Yong at a press conference said that over the past five years, Shanghai has stepped up its efforts to reduce taxes and reduce corporate charges, taking into account national deployment and requirements. From 2012 to 2017, Shanghai management launched a pilot program for camp reform, the total corporate tax cut was 324.8 billion yuan, a reduction of 31.9 billion yuan between 2016 and 2017; new tax cuts. The cost of the reduction exceeded 50 billion yuan.
Ying Yong said that this year's government work report has clearly implemented greater tax cuts and clearer cuts, including further cuts in social security contributions, stabilization of social security payment methods, and reduction of institutional institutional transaction costs. “The government's target for local fiscal revenues this year has been reduced to 5%, which takes into account important factors for corporate income tax cuts and fees. It is also clear that general government spending this year will be reduced by more than 5%, even if the government is too busy, we also need to cut taxes and reduce taxes on businesses, create a better development environment for businesses, reduce the burden, activate the vitality of micro-objects, promote social creation (energy) and promote better and faster economic development in Shanghai. "
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