Impact of Tax and Fee Reduction on Manufacturing in Dongguan: Taking Souyute Group Co., Ltd. as an Example

DOI

10.2991/aebmr.k.200908.065How to use a DOI?

Keywords

tax and fee reduction, manufacturing, cost of tax payment, financial indicators

Abstract

In recent years, the state has issued a series of policies related to tax and fee reduction. The promulgation and implementation of these policies are of great significance for the transformation and upgrading of micro-enterprises and have a profound impact. Especially in the context of the global manufacturing industry developing in the direction of intelligence, greening and informatization, the scale and total volume of China’s manufacturing industry rank first in the world. However, the gap between China’s manufacturing and that of industrial developed countries is large. With the disappearance of the demographic dividend, China’s manufacturing industry can no longer continue its labor-intensive path. The major measure of reducing taxes and fees will play a pivotal role in the benefit, efficiency, quality, industrial structure, sustainable development, transformation and upgrading of basic industries such as manufacturing. Taking Souyute Group Co., Ltd. as an example, this paper analyzes the changes and impacts of tax and fee reduction on the company from the perspectives of tax payment costs and financial indicators, proposes relevant suggestions for the development of the company, and finally discusses the enlightenment for the manufacturing companies to promote the implementation of policy dividends and the high-quality development of the company.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yingting Liu
AU  - Shimin Zhao
AU  - Jiaping Zheng
PY  - 2020
DA  - 2020/09/08
TI  - Impact of Tax and Fee Reduction on Manufacturing in Dongguan: Taking Souyute Group Co., Ltd. as an Example
BT  - Proceedings of the 3rd International Conference on Economy, Management and Entrepreneurship (ICOEME 2020)
PB  - Atlantis Press
SP  - 394
EP  - 400
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200908.065
DO  - 10.2991/aebmr.k.200908.065
ID  - Liu2020
ER  -