The Construction On Tax Incentive System Of Chinese Sports Industry

Sports industry is one of the fastest developing industries in speed and has the largest potential of development in the new century, under the condition of market economy it is the real sunrise industry and green industry with great economic value and social value. In author’s opinion, Sports industry is just like a collection which contains providing the sports products and services of economic activities.The development of the global sports industry showed a trend of marketization,popularization and brand. First, the development of professional sports market plays a leading role to the development of sports industry. Second, sports fitness leisure has become the sports consumers’ new favor, promoting the popularization of consumption group of sports industry. Third, the sports manufacturing industry turns from the scale to the brand development. The development of sports industry in China has considerable scale. First, the professional sports has attracted the attention of the general public, stimulate the social capital to participate in it. Second, companies providing fitness club service are springing up through learning the foreign advanced idea and management mode, for the masses to provide quality health services. Third, sports manufacturing enterprises which are keeping the moderate scale of development at the same time, also started to pay attention to the importance of brand competition. However, the outbreak of the financial crisis has a negative impact on the financing of the sports industry, the size of the market and mass consumption, etc. The development of sports industry in China is also facing many problems, such as 6professional sports are in administrative controls, sports venues and fitness equipment are in short supply, the enterprise is lack of independent innovation consciousness and so on, these are the factors which restrict the development of the sports industry in China.Throughout the sports industry of Chinese existing tax incentive system, governments from central to local are paying more attention to the development of sports industry, issuing relevant documents one after another, supporting the development of sports industry by setting up the sports industry development guide funds and other forms. But in terms of the contents of the relevant finance and tax incentives, these are mostly temporary, have no long-term stability. Only on sports lottery has the clear lasting preferential provisions in the aspect of business tax and value-added tax. In the aspect of enterprise income tax, only for high-tech enterprise and small profit-making enterprise have tax incentives. Such a tax incentive system obviously is unable to provide effective support to the development of sports industry.From the study of foreign tax incentive system of sports industry, it can be found that foreign tax incentives on sports industry are more scientific and reasonable. In general,foreign countries pay more attention to the market mechanism function in the development of sports industry. The government will not interfere too much in the private provide part of the sports industry, they just manage the industrial development in indirect way by means of legislation, such as depreciation and luxury tax system. For the part provided by the government, in the case of financial capital co., LTD, the government set up a project company and offer certain preferential fiscal and taxation to achieve its public functions with the help of social capital, such as public-private partnership model.Market-oriented is an inevitable trend in the development of sports industry, the sports industry resources are configuring around the world. But, the global financial crisis had a negative effect to the development of sports industry, also influence the development of Chinese sports industry, which is in primary stage of development. How to effectively make good use of international and domestic sports resources, in creating a good environment for Chinese sports industry is an event in front of our government. Tax incentive system is an important means that government exercise macro-control and make up for market failure. Therefore, building a scientific and rational finance and tax incentives to promote the development of sports industry is imperative.According to the theory of technology innovation, tax incentive system has external booster effect on technology innovation, in favor of reducing the risk of enterprise research and development costs and R&D. According to the theory of firm growth, tax incentive system can help enterprises to adjust development strategy, realizing the aim of drawing on advantages and avoiding disadvantages. Therefore, tax incentive system has the necessity of exist. According to the theory of externality, the sports industry has the externality, can not only promote the optimization of economic structure and increase employment, but also can enrich the public’s spiritual and cultural needs and enhance national cohesion. According to the theory of public goods, the sports industry has the quasi public goods attribute, not only contains private products, but also includes the public products. Therefore, construction of the sports industry tax incentive system has legitimacy.The construction of the tax incentive system of Chinese sports industry needs to adhere to the idea of the market-oriented and legalization. Adhering to the market-oriented, is not only the requirement of the development of the socialist market economy in China, but also the rules of the development of the market-oriented of sports industry. Adhering to the rule of law, mainly because of the market economy is the rule-of-law economy, it is said that no can be accomplished without norms or standards, legalization is the guarantee of orderly development of market economy. A set of scientific and reasonable and effective tax incentive system construction should adhere to the principle of systemic and stability. Adhering to the systemic, on the one hand, is not only because there is a relationship between sports industry within the industry, but also it is because of there is a link between the sports industry and other types of industry; On the other hand, it is based on a systematic set of tax incentive system itself. Adhering to the stability, the main reason is that frequent changes of tax incentive system will weaken the market regulation mechanism, is not conducive to the long-term development of the enterprise.In general, the design idea that building the tax incentive system of Chinese sports industry should base on objective laws of development of sports industry, making full use of the market regulating mechanism, to achieve the optimal allocation of sports resources, such as establishing a national sports industry development guidance, improving venture investment of sports industry, making use of sports lottery welfare fund in reasonable way, etc. The construction of tax incentive system of Chinese sports industry should also meet the requirements of the tax law principle. It is better to strengthen the legislation of sports industry and reduce authorized legislation of the state council to improve the legislative level and make up for the lack of institutional. It has great effect on Promoting the development of sports industry and establishing the authority of the rule of law. It is better to make the law timely named<Law of Sports industry Promotion> to make up the legislation blank, providing powerful legal protection in sustainable development of sports industry.