The Influence Of "Tax Reduction" Policy On The Operating Performance Of China's Steel Industry

At present,China's economic development model is changing from incremental to quality,from labor-intensive growth to technology-intensive,knowledge-intensive growth.Therefore,the Chinese government also actively adapt to the trend of economic changes,timely launched a series of proactive fiscal policies including structural tax reduction.For the future development of the iron and steel industry,is to turn "general" to "special",turn inferior to excellent,accelerate the transformation and upgrading of products,enhance the added value of steel industry technology,take the initiative to adapt to the change of the economic environment in the new era.In order to support the development of the steel industry,reduce the production costs of enterprises,enhance the vitality of enterprises,improve the economic environment,and support the innovation and development of China,the Chinese government continues to promote the implementation of the policy of "tax and fee reduction".In addition,in order to study the impact of "tax reduction" policy on the operation of agriculture-related enterprises,this paper will reflect the specific implementation effect of tax reduction policy by studying the changes in the operation performance of iron and steel enterprises.This article will with the iron and steel industry as the main research object to study the "tax cuts Jiang Fei" for the influence of iron and steel industry operating performance,the integrated use of operation index analysis,empirical research methods such as research,studies the iron and steel industry in tax cuts Jiang Fei policy implementation of all changes in the tax burden,provide the basis for later under the adaptability of reasonable countermeasures.This paper first introduces the status quo of the steel industry and the related operation of the steel industry after "tax reduction and fee reduction",and then analyzes the impact of "tax reduction and fee reduction" on the production and operation of the steel industry;Then through the empirical analysis of "tax and fee reduction" policy on the impact of the iron and steel industry operating indicators.According to the research results,we can know that the policy of "tax reduction and fee reduction" has greatly reduced the tax pressure on the steel industry,reduced the production cost of enterprises,increased the profits of enterprises,and promoted the economic development of enterprises."Tax and fee reduction" also played a great positive role in improving the performance of the steel industry.However,it can be seen from the empirical analysis results that the tax and fee reduction policy has a great promotion effect on the comprehensive performance,profitability,operating capacity and debt paying ability of the steel industry,but it is negatively correlated with the development capacity of the steel industry and has a negative impact on the development capacity.The analysis of the iron and steel industry is not fully enjoy the policy of tax reduction Jiang Fei dividend,tax planning is not reasonable,the transformation and upgrading of industry,enterprise financial personnel business level and policy intensive does not match,and many other issues,the government in the implementation of the tax cuts Jiang Fei policy at the same time also exists for the policy of tax reduction Jiang Fei propaganda does not reach the designated position,enterprise would be invisible burden,Preferential policies the threshold is too high,and small breaks some problems,finally,aiming at the problems of MY group itself and the problems existing in the "tax cuts Jiang Fei" put forward to fully enjoy the dividend policy,reasonable tax planning,accelerate transformation and upgrading of enterprise products,and improve enterprise tax personnel professional quality,strengthen policy propaganda,raise the proportion of direct tax,We will help enterprises reduce the hidden burden through tax policies,lower the threshold of some tax incentives,and increase the intensity of incentives.This will reduce the production cost of enterprises and promote the innovation and development of enterprises to a certain extent.