Tax expenditure is a special kind of government expenditure which the country, in order to realize certain social economic goal, adopts the tax system deviating from current tax law structure to encourage specific economic activities, offers taxpayers various kinds of tax preference to lighten their tax revenue burden, promotes and supports the economy development.
The complex tax system, the tangled tax structure, the weighty tax burden and the less tax preference, not only go against the cultivation and internationalization of the mineral properties market, but also weaken the competitive power of China's mining industry and mining products in the market at home and abroad.
At the end of the dissertation, some proposals were tabled to optimize the structure of mining tax and fees, such as the three schemes of VAT transformation, the two-step program of the reform of resourcestax, mineral resources compensation and royalty, the establish of tax preference system aiming at mining activity.
The third tax preference arises from the tax deferral of some deposits into retirement accounts.
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This is the first tax preference for long term saving.
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Tax expenditures are estimates of the revenue losses due to a tax preference.
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So if the commercial paper isn't dealer paper, it's not going to qualify for this tax preference.
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Many may even refinance homes to take advantage of this tax preference.
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Abstract The specific characteristics of duty free of added-value tax demand that we acquire a complete new sense of duty free. Duty free is neither a tax preference nor a fiscal revenue forced the nation really to give up. Therefore, a suggestion according to the comparison among the countries is made: Duty free of added value tax should be controled to a minimum; duty free is avoided in the middle link; and redistribution of income should be strictly controlled by the means of dist...
Abstract Nowadays, We have identical view in various circles on consolidating business income taxes of domestic and foreign capital enterprises, and its time is ripe on the whole. Business income taxes of internal and foreign capital enterprises relates to a series of problems about policy adjustment, such as tax base, tax rate, tax preference, etc.
On the whole,the present added value tax has strengthened the unity and seriousness of tax .It favours the equal competition among the enterprises.With the preferential policies,a preferential scale is enlarging.Although some big problems were solved,the preferential structure becomes more complex,and a new unequality comes.So the reform of tax system should be insisted,tax preference should be further standarded and the preferential policies should be concise so as to keep ad...