Government reform core of burden reduction
ANBOUND
At present, many of the charges in China have increased the burden on businesses, therefore adjusting the standard charges become an important means to reduce the macro tax burden. Although the policy level's tax reduction measures are frequently introduced, the problem of arbitrary charges is still rather serious. Broadly speaking, there are about 6 categories of government fees: government funds, administrative fees, paid use of state-owned resources, operating charges, social security contributions, institutional transaction costs, logistics and other costs. Among these, the burden of social security contributions is the heaviest to the businesses. Anbound believes that the fundamental reason for the burden of enterprises is government reform. This needs to deepen China's market-oriented reform in order to fundamentally expand the market capacity to provide a more robust and sustainable fiscal and taxation support system, while conducive in developing a more relaxed environment for businesses.