Securities Times: Regulating tax incentives does not mean blindly eliminating them. There are withdrawals and continuations to reshape the incentive mechanism.

At the beginning of the new year, the finance and tax departments have been adjusting tax policies frequently: First, they announced the cancellation of export tax rebates for products such as photovoltaics starting from April 1, and the gradual cancellation of export tax rebates for battery products over two years; then they extended the tax preferential policies that support the real estate market and community family service industry. From recent actions, it can be seen that the adjustment of this round of tax policies not only aims to withdraw tax support for mature industries, but also focuses on avoiding "overlapping" competition in the industry through policy optimization, while continuing to maintain strong public attributes and the level of tax preferential policies related to people's livelihood. In the future, tax policy adjustments may focus more on improving the relationship between central and local finance, reshaping the behavior logic of local governments, and continuing to support key areas such as people's livelihoods and scientific innovation.