THE INFLUENCE OF THE EXPORT TAX REBATES POLICY ON ZHEJIANG TEXTILE INDUSTRY
ABSTRACT
This paper analyses the policy of export tax rebates, the important problem of the current taxation, and expounds its appearance and content mostly from the implication, the ways and the effect of export rebate policy. Then it simply analyses the influence of the export tax rebates on these industries such as Coal, machinery, steel and iron .Then this paper dissects the advantageous influence which the new export tax rebate on zhejiang textile industry, as follows. Solves the question of owing the tax rebates as soon as possible , and accelerate enterprise’s turnover of capital;Adjust product structure, optimize and upgrade industrial structure;Increase their overall competitiveness, and Enter the international markets better;Enhance the initiative of foreign trade agent system and export;Use Non-exchange rates to alleviate the pressure on renminbi appreciation. After that this paper also analyses the adverse influence which the new export tax rebate on hewing textile industry, as follows. Increase their operating costs and reduce profit margins; Challenge the international competitiveness of products, and increase the difficulty of exports; Aggravate local protectionism, and may lead to the formation of new market segmentation; Drop in the growth of exports.
Finally, this paper puts forward the countermeasures on the basis of aforementioned analyses, using the successful of the internal and external experience for reference, i.e. Strengthen the internal management of enterprises and reduce business costs; Make appropriate adjustments to the structure of export products, and allocate the ratio of domestic and export sales reasonable; Strengthen accounting export competition, and reserve a space for their own profit; Change business strategy, and change "quantity" to "quality win";Launch diversification; Improve the level of introduction and the ability of going out; Strengthen technological innovation, and enhance the technological content and the added value of products; Focus on brand-building, etc.