Research On The Optimization Of Tax Burden Structure Of Various Industries In Guangxi

The main purpose of this study is to explore the current situation of tax burden structure of various industries in Guangxi and its influencing factors,and to explore the relationship between the tax burden structure of Guangxi industry and the economic growth of Guangxi,and finally provide reference suggestions for the optimization of the tax structure of Guangxi in the future.By comparing the tax burden indicators of Guangxi with the surrounding areas and the country over the years,we find that the small-caliber tax burden level in Guangxi is relatively low.However,this is largely an illusion and the result of backward economic development.First,due to the limited profitability of enterprises,higher corporate income tax rates are levied less,which lowers the tax-output ratio.Second,the industrial structure in Guangxi is relatively backward.In the composition of Guangxi’s total output value,the proportion of the output value of the agricultural sector where the tax burden approaches zero is higher,and the industry also lowers the overall tax burden.Third,if GDP is calculated in accordance with the income method published by the National Bureau of Statistics,Guangxi and other backward regions have a significantly higher percentage of net production tax as a percentage of local GDP,which include various fees and charges.In developed regions,this may indicate that,in addition to paying traditional taxes,enterprises also have to pay more miscellaneous fees and regulations,which is a heavy burden for enterprises.We also found that social security contributions in some economically underdeveloped regions such as Guangxi accounted for a higher proportion of local GDP than in economically developed regions such as Guangdong.Guangxi now has a full-caliber tax burden that is more than twice the small-caliber tax burden.Low tax burdens theoretically encourage local investment and drive local economic development.However,through comparative analysis and empirical analysis on the data,this paper finds that the small-caliber and low-tax burden level in Guangxi has not brought about the desired effect of promoting economic growth.Low tax burden results in weak fiscal capacity in Guangxi,insufficient tax revenue at this level,and low fiscal self-sufficiency.Guangxi’s fiscal deficit has accounted for a higher proportion of fiscal expenditure since 2015.Lower fiscal capacity can lead to insufficient supplies of local public goods and cause local governments to seek informal fees.In 2017,after the overall reform program to replace the business tax with a value-added tax,under the background of the overall tax burden reduction,the industrial sector tax burden in Guangxi and otherprovinces has risen against the trend,which is likely to be the local government ’s efforts to strengthen industrial taxation in response to the decline in fiscal revenue.This is very detrimental to the long-term development of Guangxi and the national economy.In order to explore how to adjust the tax burden structure of various industries,this paper analyzes the tax burden structure and financial contribution characteristics of various industries through comparison of data indicators,and proposes corresponding tax structure optimization schemes.Based on the tax burden of various industries in Guangxi in 2017,Guangxi needs to reduce the tax burden of industrial,wholesale and retail,transportation,warehousing,and postal industries,with the reductions of 3.19%,2.81%,and 0.37%,respectively,and the main aspects are indirect taxation.In the future,with the development of the industry in the future,we need to reduce the indirect and direct tax benefits of the financial industry and the construction industry separately.On the basis of stabilizing real estate development and transaction-related taxes,it is necessary to accelerate the universal implementation of existing real estate taxes to make up for the lack of local government revenue brought by corporate tax and fee reductions.And the government should also focus on reducing various fees,miscellaneous fees,and non-tax burdens when formulating policies for reducing taxes and burdens in the future.