Study On Backflow Effect Of Imported Luxury Goods' Tax Burden

When the foreign luxury goods entering into the Chinese mainland luxury market,the import linkage goods need to pay three major taxes,namely tariff,consumption tax and value-added tax.Because of the comprehensive tax burden on the importing luxury goods,the price of domestic luxury goods is higher than that of foreign countries.In this paper,some chapters of HS are classified as luxury goods.Choose the import quantity index,price index and,comprehensive tax burden of the luxury goods from 1994 to 2017 as the research data.The relationship between the three is verified by the index model,and the conclusion is that there is no obvious relationship between the tax burden and the price,and the luxury tax burden is negatively correlated with the import quantity.In the simulation experiment of tax burden and price,the study concluded that the effect of tax burden on price change was related to the rate of change of tax rate itself.When the rate of change of tax rate was adjusted from 1% to 10%,the reduction rate increased from 1.51% to 10.3%,while the tax burden had an obvious impact on the price.In the multivariate linear regression model,the tax has obvious backflow on luxury consumption,the comprehensive tax burden decreases by 1%,while the domestic sales of luxury goods increase by 0.3548%.At present,the VAT rate is reduced from 17% to 16%.In the case of consumption tax and tariff unchanged,the expected comprehensive tax burden will fall by 7.038%,and the decline in value-added tax will lead to a return of 2.497% of the domestic sales of luxury goods.In order to comply with the worldwide tax reduction wave,it is suggested that China should combine the experience of luxury tax in Japan and South Korea,and further stimulate the backflow of luxury goods by increasing the tax rate of the import of luxury goods.