Zhongxin Finance, February 22. On the 22nd, the State Council Information Office held a press conference on fiscal reform and development.
Xu Hongcai, vice minister of the Ministry of Finance, said that in recent years, the Ministry of Finance has insisted on reducing taxes and fees as an important "first move" to stimulate the vitality of market entities, and strives to use the "subtraction" of government revenue in exchange for the "addition" of corporate efficiency and market vitality. "Multiplying" to boost economic growth by cutting taxes and fees.
Xu Hongcai said that in the six years since the "13th Five-Year Plan", my country's cumulative new tax cuts and fee reductions exceeded 8.6 trillion yuan.
This scale is unprecedented in the history of our country, and the intensity is relatively large from a global perspective.
Through continuous tax reduction and fee reduction, the ratio of my country's tax revenue to GDP has also declined, from 17.5% in 2016 to 15.1% in 2021.
At present, the total number of market entities in my country has exceeded 150 million, of which 13.26 million new tax-related market entities will be added in 2021, a year-on-year increase of 15.9%.
The implementation of policies such as tax cuts and fee reductions has reduced the burden on hundreds of millions of market players, enhanced resilience, and played an important role in coping with difficulties and challenges and stabilizing the economic fundamentals.
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