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Intended to reduce difference with regular goods brought in from overseas
The government is mulling raising the tax levied on goods imported via cross-border e-commerce platforms in order to ensure a level playing field for traditional importers Adidas Ultra Boost Uncaged Noir Boost Noir Pas Cher , Beijing-based newspaper Economic Information Daily reported Wednesday, citing an industry insider.
But experts noted Wednesday that the tax adjustment will not dampen the sector greatly.
The tax levied on goods imported via cross-border e-commerce platforms at present is the same level as the baggage and postal articles tax. The rate is about 30 percent lower than the tax imposed on goods imported via traditional channels.
The baggage and postal articles tax is levied on personal postal articles from overseas.
The news of the tax adjustment comes at a time when the cross-border e-commerce is experiencing rapid growth. The revenue of e-commerce transactions grew 39 percent year-on-year to 3.75 trillion yuan ($604.5 billion) in 2014, according to a report of the Ministry of Commerce on March 31.
The rapid development of cross-border e-commerce has affected normal imports Adidas Ultra Boost 3.0 Limited Homme Noir Pas Cher , especially when it comes to consumer goods, as they are facing different levels of import taxes, Zhang Xiangli Adidas Ultra Boost 3.0 Homme Collegiate Marine Pas Cher , an analyst at research firm iResearch, told the Global Times on Wednesday.
Zhang said that cross-border e-commerce removes the redundant procedures of traditional imports and decreases the cost, thus making it possible for consumers to buy the product at a much lower price. This advantage Adidas Ultra Boost x Porshe Design Blanche Pas Cher , along with the tax privileges, might lead to the unbalanced development of cross-border e-commerce and traditional imports.
According to the report from the Economic Information Daily, consensus has almost been reached among government authorities that the tax levied on cross-border e-commerce imports would still be lower than the tax on traditional imports even after adjustment.
Chang Xin Adidas Ultra Boost 3.0 Homme Noir Pas Cher , a marketing employee at a South Korean makeup brand which has a shop on cross-border e-commerce website tmall.hk, told the Global Times on Wednesday that the brand is considering raising prices after the tax adjustment.
But she also noted that the price increase is not likely to scare away customers.
“I assume the price wouldn’t rise greatly,” said Chang.
Zhang also said that e-commerce firms will still have a price advantage over traditional sellers after the tax adjustment.
Experts said that cross-border e-commerce is expected to continue to see rapid growth as the government has been encouraging the development of the sector Adidas Ultra Boost Femme Rose Pas Cher , as a way of boosting the economy which is currently facing downward pressure.
A proposal was issued by the State Council that called on enterprises to explore the international market through cross-border e-commerce, Xinhua reported on May 12.
Zhang also said that cross-border e-commerce is still in an early stage of development and is immature in many ways.
“The government is making efforts to help standardize the industry,” she said.
<p class=”canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm” data-reactid=”31″>Istanbul – Turkey on Sunday narrowly voted in a historic referendum to approve a new constitution granting President Recep Tayyip Erdogan greater powers Adidas Ultra Boost Femme Rose Grise Pas Cher , according to almost complete results.</p>
<p class=”canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm” data-reactid=”32″>Critics have long denounced the move as part of a grab by Erdogan for one-man rule, but supporters say it simply puts Turkey in line with France and the United States and is needed for efficient government.</p>
<p class=”canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm” data-reactid=”33″>Erdogan hailed a “historic decision” after unofficial results showed a narrow 51-49 win for the ‘Yes’ camp but the opposition immediately vowed to challenge the outcome, alleging violations.</p>
<p class=”canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm” data-reactid=”34″>He has denounced as “lies” opposition claims that parliament would be neutralised and the judiciary would come under his political authority after the changes.</p>
<p class=”canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm” data-reactid=”35″>What will change in the new 18-article constitution for the nation of 79 million people Adidas ACE 16+ PureControl Ultra Boost Homme Blanche Pas Cher , which will replace the current document adopted in 1982 after the 1980 military coup?</p>
<p class=”canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm” data-reactid=”36″>- More powers for Erdogan -</p>
<p class=”canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm” data-reactid=”37″>The president would have strengthened executive powers to appoint top public officials including ministers directly.</p>
<p class=”canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm” data-reactid=”38″>The president would also be able to assign one or several vice presidents. The office and position of prime minister, currently held by Binali Yildirim, would be scrapped.</p>
<p class=”canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm” data-reactid=”39″>There would be a shake-up in the judiciary Adidas Ultra Boost Homme Bleu Pas Cher , which Erdogan has accused of being influenced by supporters of his ally-turned-foe, the US-based Islamic preacher Fethullah Gulen.</p>
<p class=”canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm” data-reactid=”40″>Gulen is blamed for the July failed military coup against Erdogan but denies the government’s accusations.</p>
<p class=”canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm” data-reactid=”41″>The president and parliament would together be able to choose four members of the Supreme Board of Judges and Prosecutors (HSYK), a key judicial council that appoints and removes personnel in the judiciary.</p>
<p class=”canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm” data-reactid=”42″>Parliament will choose seven members on its own in what would be renamed the Board of Jud. Cheap Steelers Jerseys Cheap Seahawks Jerseys Cheap Redskin Jerseys Cheap Los Angeles Rams Jerseys Cheap Oakland Raiders Jerseys Wholesale Patriots Jerseys Wholesale New York Jets Jerseys Wholesale New Orleans Saints Jerseys Wholesale New York Giants Jerseys Wholesale Philadelphia Eagles Jerseys</p>
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