It is recommended to implement a structural reduction Taxes

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Association of the proposed reforms in the equity and debt financing and approval system
Chinese Listed Companies Association and the Deputy Secretary-General Zhang Yongwei Qingtai yesterday released the administrative approval is so great, the signed article,Ugg Canada Outlet, made a number of recommendations, including the reform of equity financing, debt financing and approval system and other recommendations survey showed that nearly three years 1539 Each of the surveyed enterprises the average annual report to the Government approval of the project 17.67, a single project examination and approval department involved an average of 5.67, the approval process an average of 9.4, the survey enterprise project approval longest average 171.35 days, one of the most This length is about 1500 days,Ugg Boots Cheap, the article proposes to simplify the establishment of enterprise change process; clean up government approvals and approval of the list of projects, the establishment of a mechanism to prevent disguised approval; simplify construction project approval process; cleaning qualification and certification programs, expand market access; reduce corporate Conference burden standardize inspection activities; establish regulatory mechanisms for the assessment activities article recommendations: accelerate innovation active regulation of the industry restructuring; strengthen national standard binding; centralized typical undermined the market order rectification behavior; accelerate monopoly sector reform survey, corporate tax revenues currently account for nearly 10 percent,ugg boots uk sale, the country has more than 2,ugg boots uk sale,400 listed companies in more than 100 companies turned over taxes is more than five times its net profit for this situation, the article proposed: It is recommended to implement a structural reduction Taxes, optimize the tax structure, standardize administrative fees, reducing corporate social security spending survey shows that China corporate finance for nearly 70% from bank loans, loan-based financing structures enable enterprises to finance costs rising, and in 2012 four state-owned banks net profit 7746 billion,ugg uk, representing the sum of all the listed companies net profit of more than 50%, while net interest expense and corporate entities loans ratio rose to 50% this regard, the article suggests: approval system reform and equity financing. Today, listed companies have standardized continuous disclosure regime, private placement conditional approval to the filing; reform bond financing approval system. Excessive debt financing approval body, the department split limits financing product innovation and market-oriented process. Meanwhile, some processing time is too long. Government bond financing proposal to the record, but a few require approval if the city voted bonds, should be shortened approval process.
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