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It Is Necessary To Levy Luxury Tax.

2010/11/25 11:41:00 51

Luxury Tax Consumption Sales

In the past year, China Luxury goods Sales increased by 30%, and the growth rate ranked first in the world again. Goldman Sachs predicts that China will increase its consumption of luxury goods from 40 million to 160 million in the next 5 years.


China's per capita income is less than that of the US 1/14, but it accounts for 1/4 of the world's luxury consumption share. consumption The total has surpassed that of the United States, approaching Japan, the world's number one. In recent years, the growth rate of luxury consumption in China is about two times that of GDP growth. Some experts predict that China's luxury goods in the next 5 years. market It will reach US $14 billion 600 million and occupy the first place in global luxury consumption. In this case, it is of great significance to levy luxury tax.


Advocating thrift and opposing extravagance and waste are always the fine traditions of the Chinese nation. However, the current "two generation" problem and the luxury consumption problem have become a social problem. The "world second" earned by a small number of people's "conspicuous consumption" is really not worth showing off. Excessive consumption not only overdraws natural resources, but also brings great hidden danger to financial security. It also makes the gap between some people and the low-income groups bigger and bigger. Just imagine that some of the people are in a state of reckless and extravagant consumption, while others are rushing to survive. How can this huge contrast not cause a strong sense of injustice and anger to low-income groups? Although we can not blame the rich too much at the moral level, we should use reasonable taxation to curb wasteful consumption.


The production of luxury goods is generally not replicable. At the same time, in the production process, it often costs more scarce resources, and high taxes are taken for granted. At present, there are many "not bad money" people. There are more "bad money" people. There is a great disparity between the rich and the poor. The new round of income distribution reform needs to be accelerated to solve the problems among regions, between urban and rural areas and between industries. By levying taxes on luxury goods and transforming the consumption of the rich into tax support for the state, it can be subsidized to other public sectors, which can not only make the tax function fairly reflected, but also effectively curb the extravagant consumption, and at the same time help solve the increasing income gap and balance the interests of all social strata. From the results of the online survey, 4901 netizens expressed "approval" of up to 78.57%, which fully demonstrates the public opinion on the Levy of luxury tax.


Luxury tax, as a means by which the government regulates production and consumption and redistribution of social wealth, has been widely adopted in various countries around the world. The United States has imposed a 10% luxury tax on cars that cost more than 30 thousand dollars. Sweden's consumption tax generally ranges from 20% to 25%. After taxes, some of the commodities that the government does not encourage consumption, such as luxury goods, can be doubled. Taiwan has recently proposed a levy on luxury tax, which includes famous cars, luxury homes, jewelry and so on. It is expected that the bill will be introduced by the end of this year. In Japan, if people eat in restaurants for more than a certain standard, they must pay a luxury tax to avoid eating and drinking, resulting in unnecessary waste. This small, detailed system design is conducive to cultivating good national consumption habits.


Based on the above understanding, I think it is necessary to learn from foreign practices and levy luxury tax in time.

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