Assessment Of Research Life Insurance Trust

The concept for insurance and trust comes from the common law system countries. Trust not only can assist a person to manage, dispose, and adapt properties, but also can perform welfare activity. The process is flexible and commonly adopted by most of the countries these years. After Trust Law, Trust Enterprise Act, Trust Related Tax Act have been passed, published and applied in Taiwan, the application of trust has been more and more commonly. So the trust behavior will bring various and complicated issues on tax collection and tax reduction. Therefore this research is engaged in discussing the tax issues derived from the combination of life insurance and trust system, so as to provide a clear picture for the public and reference for tax related units. It will be the guidelines for the revision of future trust tax.Taiwan's trust tax system adopts Trust Conduit Theory and real levy process, which means tax will not be collected by nominal trust property transfer, but will be collected for the beneficiary who has the trust income. So the emphases of this thesis are to:1. Collect Chinese and foreign periodicals and books as well as theses and related research documents by scholars and professionals in this field. And arrange and analyze systematically to clarify the tax regulation and basic concepts.2. Discuss the administration of insurance system in the U.K., U.S. and Japan, and the process regarding insurance and taxation system so as to understand further the involvement of the insurance and trust system in Taiwan, as well as the related regulation and process of the taxation system.3. Review the current tax regulations in Taiwan and study the derived tax issues after application. Propose the possible solution based on relevant laws.In order to counter the social change and the versatile requirements currently, the concept of trust and the related business are the future trends for Taiwan economics. At present, the taxation system for trust in Taiwan is regarded as conscientious. But still there are a lot of disputes to be settled. I hope by this thesis I can revise and clarify related issues and hope this can be beneficial to the development of trust taxation system.