China's Export Tax Rebate System To Take The Road Of Comprehensive Reform To Explore

Tax rebate for exports means to send back the value added tax and excise that the corporation has paid in the domestic production and circulation links when exporting the product. It is an important content of the national encouraging export policy. Our state has drawn up and adopted tax rebate for exports since 1985,during more than 20 years, this policy had been on the multifarious adjustment stage and completely the complicated alteration stage for many times.However, the original reforms on China's tax rebate for exports aim at encouraging exports by perfecting the existing system.Theoretically, Tax rebate for exports usually has been adopted by a small trading nation which favors export-oriented strategy, but generally a big trading nation has carried on big nation economic strategy which pursues the equilibrium in balance of payments.Realistically, our country has transformed from a small trading nation to a real big trading nation. Some specific problems which disturb big trading nations have emerged: the increasing of export is more difficult; the tremendous surplus of trade makes trading conflicts seriously in future; Decreasing the price one after another leads to deteriorating terms of trade. Perfecting China's tax rebate for exports continuatively which cannot solve specific problems of big trading nations in China encourages more exports and increase more surplus of trade. Tax rebate for exports has been the barrier for China's to carry on big nation economic strategy which pursues the equilibrium in balance of payments.So reforming tax rebate for exports must break original route, abandon the policy that encouraging almost goods to export. The new policy should cautiously choose goods which should be encouraged to export. Meanwhile, we should increase imports by every possible way to decrease the surplus of trade. In a word, the comprehensive reform of China's tax rebate for exports is an inevitable way for our China to solve specific problems of big trading nations, which reach the strategic aim to realize the equilibrium in balance of payments.