In promoting consumption expansion of domestic demand in this year under the background of focus, focus on "reduce luxury tariffs" topic once again become the focus of the representatives of hot debate. As a result of custom duty just imports link one of them, and from 4.4%-60% range, plus domestic luxury pricing may reference to domestic "special" the consumption psychology, in view of whether it should be lower tariffs on luxury goods as soon as possible, remains controversial.

Representatives of hot debate luxury tax

The national political consultative conference, China international economic exchange center of ministry of commerce secretary, the former vice minister recently said wei jianguo many times in boosting domestic consumption, this year will increase the import of strength, in addition to increase imports from developing countries such as cotton materials, but also increase the import of luxury goods from the developed countries, including the consumer goods. Recently he e-sun metal detector said: "because of years no special advantage good domestic demand and pulled, and tax policy from scale, consumer goods tariff cuts have settled, this year China will at least two cut tariffs on imports of consumer goods and luxury."

Now, many representatives are put forward, in the hope of reducing tariffs on luxury goods, will lose a lot of overseas consumption into domestic demand.

The National People's Congress, and with the Shanghai municipal party committee deputy chairman ZhangZhaoAn in "two" presented "about China's high-grade rationally adjust the import tax rates of consumer goods proposals." ZhangZhaoAn said, luxury consumption is a normal market economic behavior, is not praise or blame cent, Suggestions related ministries and the state council various factors taken into account, timely adjust related tax rate, moderately cut the value of the relatively low luxury goods tariffs to promote consumption backflow, boosting domestic consumption demand. "The concept of luxury goods cannot stand still. Should be timely to new definitions, a classification guidance. Still belongs to the luxury tax rate can remain the same or less change, no longer belong to the luxury tax rate should be down."

Tariff is just one of the import link

The National People's Congress, and vice director of the general administration of customs SunYiBiao statement "language surprised four seats". He thinks, luxury domestic high price is the main reason of the brands pricing be caused by, "luxury brands to domestic consumers a the highest in the world, in fact tariff pricing accounted for only 3% of the price of luxury goods-4%. If the tax rate to zero, the cost of luxury goods will also is so high."

Only from the point of view of tariffs, SunYiBiao some truth in that. According to information, at present, China's luxury items to the collection of import link mainly includes commodity consumption tax and value-added tax, 30% 17% 4.4%-60% tariffs to differ, luxury goods imported comprehensive tax rate at least 50%.

China academy of financial director of research institute of financial strategy YangZhiYong think that, taken together, import link tax of a big head is value added tax and consumption tax collection, and for imported products with a domestic products of a unified tax system, to reduce this part taxes will follow a domestic product landing, not very realistic, but with the pace of structural domestic tax cuts, this part taxes will also tends to decrease, but lower taxes is a slow process of role, may not one pace reachs the designated position.

Domestic luxury pricing have unspoken rule

Although controversial, the Treasury in import link or some action, China's regulation from January 1, protect skin to taste, baby milk powder to include more than 730 kinds of products, such as the implementation of temporary tariff rate lower import, but by little. One of the product import tariffs on January 1 from 6.5% down to 5%, a drop of 1.5%.

However, reporters in Beijing each big to protect skin brand shop found that chanel (the Po), dior, givenchy (the Po) and other international a brand has set up a file in the early February to its product price is adjusted, the mark-up at 5%-15%.

"Some of the so-called luxury home prices are higher than abroad, still a reason does not deny that is based on the domestic pricing," YangZhiYong said, with part of the product and price in the domestic dominated the market structure of a relationship, this also is causing some brand in import tax link lower taxes sales price will not necessarily lower after the reason. In addition, consumers flock to overseas for luxury consumption of another reason is caused by the consumption idea, as domestic consumption environment and the quality of products of the climb, believe that the domestic consumer spending will be more and more mature psychology.

In YangZhiYong opinion, only the above factors can attract overseas consumption has some effect backflow, lower import link tax rate will not necessarily make product in domestic price lower than overseas, but must be able to narrow the gap between the price of both domestic and imported goods refiners to create more space.

Luxury ZhouTing research experts, says that in the policy level lower tariffs on luxury goods, can reference day, South Korea home tariffs standard, so that way, brand enjoy low tariffs and, natural to slow the rise in China power and frequency; And, our country should also improve the administration of the import of luxury goods mechanism, which enables the luxury market more transparent, let some speculators cannot use the luxury information master asymmetry, to bidding up the prices.

Source "the Chinese textile nets"

Edit: Crystal