Ensure to reduce burden for enterprises and increase momentum for development

Premier Li Keqiang presided over the executive meeting of the State Council, listened to the report on the implementation of this year's tax reduction and fee reduction policy, and demanded to ensure that the burden for enterprises is reduced and the momentum for development is increased; deployed to better business environment and further improve the use of foreign capital. The meeting pointed out that, according to the deployment of the CPC Central Committee and the State Council, since this year, all localities and relevant departments have paid close attention to the implementation of the policy of tax reduction and fee reduction. In the first eight months, the national tax reduction and fee reduction reached more than 150 million yuan, which has promoted the reduction of enterprises' burden, the increase of residents' income and employment, effectively stimulated market vitality, hedged the downward pressure of the economy, made "six stabilities" and kept the economic operation in a reasonable range. It plays an important supporting role. It is estimated that the total amount of tax reduction and fee reduction in the whole year will exceed 2 trillion yuan.

Next, first, we need to implement the policy of reducing taxes and fees, study and solve the outstanding problems reflected by enterprises in a timely manner, and ensure that the tax burden of major industries such as manufacturing industry is significantly reduced, that of construction industry and transportation industry is somewhat reduced, and that of other industries is only reduced but not increased. We will further control charges for enterprises involved in violations of regulations. Second, we should guide all localities to strengthen their budget management. The government should adhere to "tight days" and strictly control general expenditures. We will implement the main responsibilities of provincial governments and support the basic people's livelihood in areas with financial difficulties. We will implement the sharing mechanism of VAT tax rebate and reduce the financial pressure in some regions. Third, we should study measures to further promote reform, development and employment, focus on encouraging entrepreneurship and innovation, increase the proportion of R & D expenses plus deduction for key manufacturing industries, and enhance the endogenous power and aftereffect of development. The meeting pointed out that opening up to the outside world is China's basic national policy. Foreign investment has played a unique and important role in China's economic development. We must always attach great importance to the utilization of foreign capital to promote high-quality development and modernization. It was determined at the meeting that we should continue to deepen the reform of "deregulation services", create a more attractive business environment, and further make good use of foreign capital.

First, expand the field of opening up. The restrictive measures not included in the negative list of foreign investment access of the whole country and the pilot Free Trade Zone shall be eliminated. The business scope restrictions of foreign banks, securities companies and fund management companies in China shall be eliminated in an all-round way, and the newly revised regulations on the administration of foreign banks and foreign insurance companies shall be implemented. We will optimize policies for foreign investment in automobiles, and ensure that new energy vehicles produced by domestic and foreign automobile manufacturers enjoy the same market access treatment. Revise the measures for parallel management of average fuel consumption and new energy vehicle credits of passenger vehicle enterprises, and allow the transfer of credits between vehicle enterprises invested by foreign investors in China. Second, promote investment facilitation. We will expand the scope of pilot reforms to facilitate the payment of income from capital projects. We will support foreign-funded enterprises to choose the mode of borrowing foreign debts on their own, and encourage their capital to be used for domestic equity investment in accordance with the law. For foreign-funded projects, the planning and site selection and land pre examination shall be combined, and the planning permission and land approval for construction land shall be combined. Third, equal protection of the legitimate rights and interests of foreign investment. It is not allowed to force foreign investors and foreign-funded enterprises to transfer technology, protect trade secrets according to law, and improve the patent infringement judgment notice and removal rules of e-commerce platform. Government procurement shall not limit the form of supplier ownership, investor country, product or service brand, etc. Fourth, support local governments to increase investment attraction. More flexible incentive measures shall be implemented for non civil servant positions in the investment promotion department and team, and support for outbound investment promotion activities and group application. Priority should be given to the establishment of a number of comprehensive bonded areas in the central and western regions.