Font Size: a A A

The Research On Avoiding The Trust Double Taxation Problem

Posted on:2011-02-22Degree:MasterType:Thesis
Country:ChinaCandidate:S HuangFull Text:PDF
GTID:2166360305484312Subject:Law
Abstract/Summary:PDF Full Text Request
The modern trust system, as a system arrangement which transfers the possession and management of property to the trustee in order to preserve and increase the value of property or other, plays an irreplaceable important role in socio-economic and financial development. As the trust system in which the property owners, managers and the actual beneficiaries are detached is differ from the system in which general property rights such as possession, use, actual beneficiary is shared by an owner of the property, the double taxation of the trust property which leads to increasing trust property taxes to some extent, and hinder the application and development of the trust system in the modern economic activity. Because China's trust system has just started and the trust tax law is incomplete to various reasons, the trust double taxation problem is an important defect in China's trust system. This paper ,which is based on discussing the principles of trust which avoid the trust double taxation problem and studying the countries in which the trust system is more complete, proposes that the trust substantive principles of taxation established in the trust conduit theory should perfect China's trust system and solve the trust double taxation problem effectively. Of course, we have to think deeply and solve the macro issues such as the legislation mode selection and tax policy framework in our country's construction of the trust tax.
Keywords/Search Tags:trust, double taxation, tax fairness, the trust conduit theory, the principle of substantial tax
PDF Full Text Request
Related items