According to China's accession to the WTO commitments and macro-control needs, a certain amount of cotton imported into the tariff quota in 2014 will continue to be subject to sliding tax and the tax rate will be appropriately adjusted to ensure the supply and demand in the domestic cotton market will be basically stable. It is understood from relevant state departments that compared with 2013, the main changes of the formula for calculating the quasi-tax on cotton slides are as follows: 1. The threshold from 14 yuan / kg adjusted to 15 yuan / kg; 2. The current sliding standard tax formula is 8.87 ÷ import cotton folding price of RMB + 2.908% × imported cotton folding price of RMB -1 (sliding standard tax ceiling of 40%); sliding slip tax formula is 9.337 ÷ imported cotton folding RMB price + 2.77% × import cotton fold RMB price -1 (sliding standard tax cap is 40%). 3. When the imported cotton price is greater than or equal to 15 yuan / kg, the sliding standard tax is still calculated at 0.57 yuan / kg. From the above changes, the state raised the level of imported cotton slip quasi-tax rate. When the import price of cotton is less than 15 yuan / kg, the sliding tax rate is about 200-300 yuan / ton higher than that in 2013. With the abolition of the temporary purchasing and storage policy, the macro-control policy system in China's cotton market will face a major adjustment. The future import quota policy for cotton may be further promoted in the following three ways. First, it is necessary to implement the principle of market-based allocation of resources at the Third Plenary Session of the 18th CPC Central Committee; secondly, to give better play to its synergy with its reserve control policies; and third, make regulatory policies conform to the relevant WTO rules. In order to better promote the healthy and sustainable development of China's cotton market, we welcome suggestions and proposals from all walks of life and actively send relevant opinions and suggestions to us by e-mail when the macro-control policy system of cotton market in our country is likely to face major adjustments. , So that we can timely feedback to the relevant state departments.
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