Reducing the Actual Tax Burden on the Heavy Equipment Manufacturing Industry is the Top Priority of the New Round of Tax Reform_Vol. 2 No. 1 (JSE 2025)_Journal of Statistics and Economics (ISSN: 3005-5733)

Home > Journal of Statistics and Economics (ISSN: 3005-5733) > Vol. 2 No. 1 (JSE 2025) >

Reducing the Actual Tax Burden on the Heavy Equipment Manufacturing Industry is the Top Priority of the New Round of Tax Reform

Download PDF

DOI: https://doi.org/10.62517/jse.202511117

Author(s)

Defa Cai, Lizhao Guo, Ying Ji *

Affiliation(s)

School of Public Finance and Administration, Harbin University of Commerce, Harbin, China *Corresponding author

Abstract

In 2024, China's domestic value-added tax was 6.6672 trillion yuan, and enterprise tax was 4.0887 trillion yuan, accounting for 38.1% and 23.37% of the total tax of 17.4972 trillion yuan, respectively, and accounting for 61.47% in total. At present, there areictions in the design mechanism of the main tax categories to some extent, such as the conflict between value-added tax and enterprise income tax, among which the venture capital is the most prominent. In order to meet the new challenges of the new round of tariff increases by the new Trump administration, enhance the core competitiveness of the heavy equipment and enterprises that "go out", and reduce their actual tax burden on revenue, it is an inevitable choice for the new round of tax system reform.

Keywords

Heavy Equipment Industry; Going Global Enterprises; Double Taxation; Main Tax Categories; Effective Tax Burden

References

[1] Wang Zhiping, Liu Huanlong, Wang Zezhong, et al. Fiscal and taxation policies to enhance the of the industrial chain of Liaoning's equipment manufacturing industry under the new development pattern [J]. Local Finance Research, 2021, (0): 29-34. [2] Hu Lina. Challenges and fiscal support policies for the transformation and upgrading of China's equipment industry [J]. Changbaishan Journal, 2023, (01): 113-122. [3] He Zixin, Hui Ning. Research on the measurement and influencing factors of high-quality development of China's equipment manufacturing industry [J]. China and Technology Forum, 2023, (04): 82-92. [4] Tan Wei, Shao Qun, Yuan, et al. Research on tax support for the development of high-end equipment manufacturing industry projects - Taking place A as an example [J]. Account, 2024, (18): 33-41.