State Council: 2012 China will expand the pilot reform of value-added tax

On the 15th, Premier Wen Jiabao of the State Council presided over the State Council executive meeting to study and deploy the key tasks of deepening economic restructuring in 2012. Accelerate the reform of the fiscal and taxation system. The meeting clarified that this year will improve the tax sharing system and fiscal transfer payment system, and improve the basic financial security mechanism at the county level. We will expand the pilot reform of value-added tax and comprehensively promote resource tax reform.

The meeting stressed that China's economic system reform is still at a critical stage of tackling difficulties. In accordance with the requirements of the scientific development concept and the laws of the socialist market economy, we must respect the pioneering spirit of the masses, boldly explore and be brave in practice, and resolve the deep-seated contradictions and institutional problems that constrain scientific development through reform. Key areas and key links for reform in the current and future period: First, further transforming government functions, rationalizing the relationship between the government and the market, improving macroeconomic regulation and control, improving the market system, deepening the reform of monopoly industries, and better utilizing the basis of market allocation of resources. Sexual effect. The second is to promote the reform of the fiscal and taxation system, rationalize the fiscal distribution relationship between the central and local governments, and better mobilize the central and local enthusiasm. The third is to deepen the reform of land, household registration, and public services, rationalize the relationship between urban and rural areas, and promote the coordinated development of industrialization, urbanization, and agricultural modernization. The fourth is to promote social undertakings, income distribution and other reforms, rationalize the relationship between economic and social development, reverse the trend of income gap expansion, and strive to improve the efficiency of resource allocation and effectively protect social fairness and justice. The fifth is to promote legal administration and social management innovation, rationalize the relationship between the government and citizens and social organizations, deepen the openness of government affairs, improve the supervision system, and build services, responsibilities, the rule of law, and a clean government.

The meeting clarified the key tasks of this year's reform:

(1) Promoting the common development of multiple ownership economies. We will further promote the strategic adjustment of the state-owned economy and the reform of the shareholding system of state-owned enterprises, optimize the strategic layout of state-owned capital, and improve the state-owned asset management system. We will improve and implement various policies and measures to promote the development of the non-public economy, and encourage private capital to enter the fields of railway, municipal, finance, energy, telecommunications, education, and medical care.

(2) Speeding up the reform of the fiscal and taxation system. Improve the tax sharing system and fiscal transfer payment system, and improve the basic financial security mechanism at the county level. We will expand the pilot reform of value-added tax and comprehensively promote resource tax reform.

(3) Deepening the reform of the financial system. Strengthen internal governance and risk management of large state-owned financial institutions. Actively cultivate small financial institutions for small and micro enterprises and “agriculture, rural areas and farmers”. Reasonably guide private financing. Promote the healthy development of multi-level capital markets.

(4) Deepening the reform of electricity, refined oil and water resources prices. Establish and improve the paid use and trading system of emission rights.

(5) Promoting reform in the social field. Improve the wage system and improve the normal wage growth mechanism. Realize the full coverage of urban residents' social endowment insurance and new rural insurance system. Comprehensively implement quality education and promote democratic management of schools. We will continue to promote universal health insurance, consolidate the basic drug system, further promote the reform of county-level public hospitals and the reform of urban public hospitals, and accelerate the formation of a multi-disciplinary medical system that is open to the outside world. Deepen the reform of the cultural and technological system.

(6) Promoting the reform of the administrative system. Establish and improve the review and demonstration mechanism for newly established administrative examination and approval items. Conduct a pilot government performance management. We will comprehensively promote local budgets and final accounts.

(7) Deepening rural reform. We will promote the registration and certification of rural collective land rights and expand the pilot registration of rural land contractual management rights. Formulate regulations for the introduction of rural collective land acquisition.

(8) Deepening the reform of foreign-related economic systems. Improve the directory of foreign investment industry guidance. Actively promote the pilot reform of Shanghai Pudong New Area, Tianjin Binhai New Area, and Shenzhen Special Economic Zone.

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