The Research On The Tax System Reform Of The Bank Of China

The bank is the important component of the national economy, and the bank tax system scientific or not influences the management performance of the banking directly. The tax system reform of the banking will influence the development of the whole national economy. Though since the tax system reform in 1994, the tax system of the banking ever underwent numerous adjustment, with the quickening of the step opening to the outside world of the banking, a great deal of negative effects of the current tax system begin to appear . Especially after joining in WTO, for its rich fund, advanced management and fine assets quality, the foreign bank forms certain impact to the existence and development of the domestic bank. This text, proceeding from this background and current situation, using the relevant theories of the finance, mainly relies on normative study and analyses from several following aspects. Section Ⅰ, introducing the development, basic situation and characteristic of the Commodity tax, Income tax and other taxes of the Banking, have a concrete analyses of current tax system of the Banking, then find out the main problems of our tax system, mainly lying in the heaving tax burden, the unified tax and the coarse design of the tax system. These problems lead to the different burden of taxation between foreign and domestic bank, and the poor competitiveness and efficiency of domestic bank. Section Ⅱ, starting with the essential feature of the tax system of the foreign banking and introducing the tax system of the banking and its adjustment of the main developed country and the new developing countries and regions, references the useful experience. As followed, section Ⅲ, analyzed the necessity and feasibility of the tax system reform of the bank ,proposing the basic principle and thinking of the reform of the tax system at first. Directing against the question that how to perfect tax system of Bank of China after accession to the WTO, put forward the corresponding suggestion: ①Unify the tax system . Unify the income tax system and other tax systems between the foreign bank and domestic bank to reflect the fair principle; ②Reduce the burden of taxation. Reduce the tax rate , expand the base of taxes and standardize tax preferential policy to reduce the overall tax burden and improve the business efficiency of the bank; ③Perfect the legislation. Perfect the legal construction of tax of banking, accelerate tax preferential policy and e-commerce legal construction; ④Strengthen tax collection and management. Strengthen the cooperation between tax and the bank , simplify the way of paying taxes and relative examining and approving.