The Comparison Between The Reference System Of Us-China Venture Capital Tax Law

Since the Hi-technology industry has become a main motivator of the economy in the new century.Venture Capital investment system was invented just in time to provide a new financing channel for those hi-tech enterprises.The structuring of a sound legal system is of great importance to the development of venture capital investment.From experience,tax policies have always been the drive for the development of venture capital investment.The analysis conveys the message that tax law is powerful with regards to promote the development of venture capital and give incentive to the market participants.In this part,the new corporate income tax law is addressed to give a deep analysis of the effect it has on hi-tech industry and on the nowadays booming roundtrip investment.It is concluded that China has a lot to learn from the legislation of the US,on how to enact new laws and how to perfect the existing laws and regulations.Specific methods are also put forward to give an insight on the direction that we should heading to.