A Study On The Income Taxation Of Trust

With the creation of Trust in Britain, we have a special capital running mechanism, which departs the legal title and equitable title on one unit of capital. This kind of title department causes the flexibility of Trust a favorable characteristic in capital running and other social areas, such as the charitable foundation and organization, the social pension system and even the political fields, and then causes a globalization using of Anglo-Saxon Trust. China has her own Trust Law enforced on October1, 2001.But one crucial problem is that there is no tax law suitable to the operation of trusts in China law system. Income Taxation of Trust is one of the most needed legal system in China.This dissertation is intended to research the system of law on taxing on the income of trusts, which is named by the writer the Income Taxation of Trust, with the sole goal to establish the China Income Taxation of Trust legal system. This dissertation has three chapters .The first one is to define what is Income Taxation of Trust in this article and the importance of the Income Taxation of Trust. This part begins from analyzing the definition of Trust and it's legal peculiarities, which are seemed to be the logical start of this study course, and then the author tries to summarize the definition, the legal content and characteristics of Income Taxation of Trust. On this kind of basis, the author points out the importance of Income Taxation of Trust from four aspects. In the second part of this dissertation, Trust Income Taxation systems in four Anglo-Saxon countries (Britain, the United States, Canada and New Zealand) have given the author inspiration in study by showing their own legal advantages in the system of Income Taxation of Trust. After reviewing Income Taxation of Trust law in these four countries, the author abstracts the main common legal mechanism in these four countries and analyses these valuable institutions to find out how to use them to build up the China Income Taxation of Trust system. And on these analysis in the first two Chapters, the author gives out the picture of her dreaming legal system of Income Taxation of Trust in two parts in chapter 3: the thoughts on the legal principles and some thinking of the concrete legal frame.The author realizes that this topic is not only one big challenge for her to study but also one legal research dream for her. A general picture of China Income Taxation of Trust has been made out in her mind at the end of this research.