There are still many problems to be improved in the implementation of the policy of tax cuts and fee reductions. The author believes that to achieve the fiscal balance under the background of large-scale tax cuts and fee reductions and to pay attention to the structural impact of tax cuts and fee reductions under the background of unbalanced tax collection and management will be the key factors to achieve the policy objectives of reducing the burden of enterprises and stimulating market vitality.It is obviously very difficult to achieve the budget balance among the three factors which are a great deal of tax cuts, a high expenditure growth rate and a slight increase in the deficit ratio. We need to use a variety of financial means to achieve this goal. Here are a number of key points that deserve attention.One of the key points is that the published figures of tax cuts are theoretical figures, which does not necessarily mean the actual reduction of tax revenue.The second point is to increase the profits turned in by specific financial institutions and central enterprises.The third point is to strengthen the financial management, make good use of the surplus funds, and revitalize the fiscal stock funds.Through the analysis, it is found that the impact of the policy of tax cuts and fee reductions on different regions is significantly different, especially at the level of cities and counties.In recent years, the issue of tax cuts has repeatedly aroused heated discussion in the society. As a result, China's macro tax burden has decreased significantly since 2016. But some companies think their tax cuts is rising. This suggests that we should not only consider the tax cuts as a whole, but also pay attention to its structural impact at the enterprise level. Implementing these general requirements still faces many challenges.
