The Research On Tax Policy Of Enterprise Annuity

At present, aged tendency of population situation is more and more serious, China’s pension system is facing increasingly severe challenges, enterprise annuity as an important part of the multi-level old-age security system of our country, have significant impact in the social, economic, political, and cultural aspects. Specific to the micro level, the establishment of the enterprise annuity can improve the structure of human resources management, strengthening the attraction of the talent.The foothold of this paper lies in the enterprise annuity of the part of the fiscal and taxation policy, fiscal and taxation policy for the poor performance of the enterprise annuity incentive has been the problems existing in the enterprise annuity system. This article from the enterprise annuity and public pensions, relationship between wages and preferential tax policies, this article focuses on analyzing the finance, economics and other aspects of the enterprise annuity theoretical connotation, on the other hand, also comb of enterprise annuity in our country are reviewed bud stage, pilot stage, forming stage three stages of the evolution process and its characteristics. In empirical aspect, this article selects the 951 listed companies of Shanghai stock exchange disclosed in the annual report from 2012 to 2014 enterprises, through metering panel Tobit model, found that four types enterprises(state-owned enterprises and non-state-owned enterprises, manufacturing and non-manufacturing enterprises) scale is larger, the more likely it is to build enterprise annuity, presents the enterprise annuity scale effect is obvious. At the same time, also found that the state-owned enterprise’s desire to build enterprise annuity is easily influenced by the actual income tax rate, leverage and real interest rates estimated coefficient in the model are not significant, which means that the financing constraint may impact on the establishment of the enterprise annuity is not significant. This paper also discusses the summary enterprise annuity system and the international experience of fiscal and taxation policies, extracting reference value. Based on the above, this paper puts forward the countermeasures of our country’s enterprise annuity the fiscal and taxation policy.Paper is divided into six chapters: chapter 1 overall describes the full text research ideas and research methods, comb and analyze enterprise annuity fiscal and taxation policy of relevant literature review at home and abroad. Chapter 2 analyzes the related theory of the enterprise annuity fiscal and taxation policies, introduce the enterprise annuity theoretical basis and the fiscal and taxation policies, at the same time from two aspects: supply and demand of theoretical analysis, from macro and micro two aspects to analyze effects of enterprise annuity on the fiscal and taxation policies. The third chapter mainly introduces the enterprise annuity in China, including the enterprise annuity development course, enterprise annuity development in different regions and the implementation of the fiscal and taxation policies, together with the present situation of the specific implementation of enterprise annuity fiscal and taxation policies in China through cost effect analysis, cost benefit and compensate for motivation, found that our country enterprise annuity have some problems in Current fiscal and taxation policies in terms of legal norms, the concrete implementation process, breaks, etc. Chapter 4 mainly selected the 951 listed companies of Shanghai stock exchange disclosed in the annual report from 2012 to 2014 enterprises, test the impact of China’s enterprise annuity decision factors through the empirical, then get the corresponding empirical conclusions. In Chapter 5, the enterprise annuity system and the situation of fiscal and taxation policies at home and abroad were compared, summarizes our country enterprise annuity tax policy implications. Chapter 6 based on the full research as a whole, put forward the corresponding ideas and suggestions in the implementation of fiscal and taxation policy, enterprise annuity system and the tax regulation system.