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Tax Incentives To China Pension Plan Development

Posted on:2007-01-08Degree:MasterType:Thesis
Country:ChinaCandidate:N LiFull Text:PDF
GTID:2179360182981638Subject:Finance
Abstract/Summary:PDF Full Text Request
The establishment of multi-pillar old-age pension system has become the approach to solveold-aged benefit in most of countries in the world. Three-pillar pension system includes:basic stat-administered social security system as the first pillar;supplementary enterpriseannuity as the second pillar, and voluntary private pension plans as the third pillar.State-steered social security system is exposed to increasingly great pressure and cannotsatisfy the retired old men's demands;hence, enterprise annuity and voluntary privatepension should play a supplementary role in establishing the three-pillar pension system.As an important method to control macro-economy and critical content of state industrialpolicy, tax policies exert far-reaching influences on the development of overall pensionsystem, especially on enterprise annuity. It is beneficial to both enterprises and privatepersons to buy annuity, as well as to spur further development of commercial pensioninsurance, on the premise of the enactment of tax-favored policies.Based on the basic tax theory on pension, the paper compared the economic benefit ondifferent taxation point, and introduces the economic benefits to enterprises and persons bytax preferential. Additionally, through introduction of overseas pension plans, the paper putsforward several recommendations to China future pension tax policies to remedy the flawsexisting in current China pension tax system.
Keywords/Search Tags:three-pillar pension scheme, enterprise annuity, tax incentives, taxation points, EET
PDF Full Text Request
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