The Study On Improvement Of China Corporate Income Tax

As one of the main body of our tax system, the improvement and perfection on corporate income tax system in our country is inevitably demanded on the relationship between tax revenue and building a harmonious development of market economy. Fifth Session of the Tenth National People's Congress The People's Republic of China in March 16,2007 overwhelmingly passed the "Enterprise Income Tax Law",marks 20 years in China's dual-track system running the tax system has finally quit the stage of history, The new unified enterprise income tax law on January 1,2008 effective implementation. With the implementation of the new Enterprise Income Tax Law and to promote the new taxation issues are also emerging, but recent domestic enterprise income tax law for new research and evaluation of slightly less than.The Evolution of Enterprise Income Tax The income tax system can be divided into early, before the founding of New China's tax system reform, reform and opening up the enterprise income tax system, the new enterprise income tax system before the implementation of the corporate income tax, corporate income tax system in the current five stages. China's enterprise income tax system through the development process and various legal doctrines summarized and analyzed, could be the composition of our corporate income tax revenue identified as the main elements of the tax object, the object of ownership tax, the tax base, tax rates of five. To form the perspective of the elements of the system to explore the lack of corporate income tax in China will be more with less.Through our evaluation of the current income tax system, we can draw our current income tax system, tax system more in line with international trends in conclusion; but some articles in the set, preferential policies set, and the convergence of accounting systems, practices and the avoidance provisions set there is still less than satisfactory.Foreign legislation, reform experience will improve the existing problems of our country to bring inspiration and reference. Given the different economic system and economic level of the difference of the national corporate income tax systems in Europe and America Comparative research should be in the tax base, rate structure, international tax avoidance and preferential tax policies. Comparison found that the overall tax rate in China has reached the lower level; but has yet to be further broadened the tax base; and tax incentives to set is not perfect,and still less; in cross-border tax evasion against the regulation to strengthen international cooperation is still needed.As for the economic system and the-geographical environment is relatively close to South Korea's corporate income tax system comparison and research, will come to be more feasible and practical value of the results. South Korea's corporate income tax system mentioned on account of depreciation, reserves the extraction, preferential tax policies to encourage innovation such as the setting, improving and developing China's current income tax system has great reference value.Improve our system of corporate income tax legislation will follow the reasonable principles and guidelines. Jin comrades on March 8,2007 at the Tenth National People's Congress by the fifth meeting of the "on