The Dissection Of Taxation Of The Financial Futures Of Our Country

The financial future evolves from the forward market of U.S.A. of the seventies of the 20th century. In the 1990s, the growth momentum of the financial futures was fiercer. Except those counties that has already launched financial futures continue in putting out the new financial futures variety, Germany, Italy, Austria, Belgium, Switzerland, South Korea and Taiwan of our country, etc. have all begun financial futures. The condition that our country develops the financial futures at present has already possessed progressively, and after the introduction of relevant auxiliary law of stock index futures, technological system testing quickening, supervisory system and the process of risk educate for investors launching successively, the stock index futures have been already closer and closer to the market. Interest rate futures and forward exchange will be put out in right time on the basis of smooth development of the stock index futures.But according to history of development of futures, because of extension of the application, variety of the tool, the participant's pluralism and flexibility of application way, the new subject will be put forward for the completion of the tax system of our country. The design, manage means and macro tax policy produce a series of problems that wait for solving in tax system, including complicated taxes subjects, difficult division of concrete tax items , uncertain tax foundation and order collect. All these financial taxation systems current to our country are challenged.Already several research papers and seminars have appealed for establishing the taxation system of the financial futures in our country as soon as possible at present. But these focused on analyzing issue of foreign future taxation mostly (audio frequency Yin, 2001), whether financial futures levy capital profit tax (Wei Ping Bao, 2002) and determination of order collect (Li Lin, etc., 2002). But these avoided mentioning How to finish the setting-up of our financial futures taxation system specifically stage by stage, or just took briefly, and has left the leeway that can have consultations with. Besides that this text has analyzed a great deal of the difficult problems of the financial futures taxation existing at present one by one, it has imagined the state of development and put forward the corresponding development tactics to the future of financial forward market. On this basis, it has put forward corresponding tax system, management and policy recommendations according to the characteristic of every developing stage of the financial forward market. It is not only novel in theory in the analysis, but also extremely meaningful in practice. it also has reference function to the development of more financial derivatives in the future analysis result and policy recommendations are not only applicable to the financial futures of our country.At research approach, this text has adopted the analyzing method of combining monetary theory with o that financial tax revenue theory on one hand, on the other hand combined various countries and carried on the real example and analyze to prove about the theory actually.In the application of theory, taking theory of the financial tax revenue as the thread, this paper has studied the comprehensive financial currency, economics relevant theory and research results of discipline, made the effort to merge organically them to analyze and solve relevant problem.In real example, through comparative analysis of numerous representative tax system of financial futures between the financial powerful countries, this paper has summarized the state of development, succeed factor and backward reason, and carry on detailed comparative analysis of various countries taxation according to the key element of tax revenue system, such as tax rate and taxation time, etc., which explains and proves the theory of this unity and coherence in writing.Around how about set up the financial futures tax system of our country in order to promote the financial futures theme of sound development of our country step by step this text, this paper has divided several parts to launch progressively. First of all, it has put forward the certainty of development of the financial futures and opportunity of setting up of the products on the basis of introducing the overview of the financial futures and developing history of financial futures of our country. Secondly, it has narrated the current situation of the financial futures tax policy of our country, and combined with financial tax revenue theory to analyze the impact of financial futures on tax revenue and economic influence of tax revenue to financial forward market. After synthesizing preceding analysis and discussing and carrying on comparative analysis to the tax policy of the financial futures in foreign countries subsequently, it has put forward the impetus of deriving the product tax policy of finance of our country. It has also put forward several concrete suggestions for the taxation system reform of each stages developed in the financial futures finally. According to the thinking of this kind of research, this paper was divided into three seals to carry on research to relevant problems separately.Chapter one is the introduction of futures and forward market of our country. It has explained the concept, kind, characteristic and function of the financial futures at first, secondly has introduced the production and state of development of the forward market of China, and reviewed and summarized. Proceeded from national conditions of our country finally, it has proved the certainty that China develops the financial forward market again and setting-up opportunity emphatically.What chapter two expounded the fact is the tax revenue policy orientation of the financial futures of our country. It has introduced the current situation of the financial futures taxation system of our country at first. Then it has specifically dissected the relationship between the tax revenue and futures.The content of chapter three is a core herein. It has explained the financial futures kind which to be developed in different periods in detail on the basis of phased development tactics in the financial forward market of our country, and design corresponding tax system and policy according to one's own characteristics of these products. It has compared and analyzed the foreign financial futures taxation system at first; then directed against three impetuses of the financial futures tax policy of our country according to the actual conditions of our country; and proposed finally their tax system and policy in the initial stage of development and mature period.The paper has provided a set of time tables that can be followed for the financial futures taxation system of our country. Around how about set up the financial futures tax system of our country in order to promote the financial futures theme of sound development of our country step by step ,this paper, different from analyzing the literature of the financial futures taxation system before, has combined the characteristic of China's financial futures development, function in different periods of tax system of analysis and research step by step stage by stage, and comparatively put forward the tax system choice at each stages that the financial futures of our country develop systematically. The angle of analysis is comparatively novel.Pay attention to the basic theory and real combination. On the basis of a large amount read of choosing theory about the tax system, I have carried on the exhaustive discussion to the choice of the financial futures tax system. After analyzing each key element about the tax system in the theory of the financial tax revenue one by one, I design the financial futures tax system directed against the actual conditions of our country and accomplished the combination with close theory, real economic conditions and domestic conditions.Use comparison to express the conclusion conscientiously with data and chart. The paper has chose the respect in various countries about the financial futures taxation system, and I have collected a large number of newest data, taxation system of financial futures of various countries of analysis using the true and objective, which is reasonable, relatively convincing to get up.Because of the shallow in knowledge, I have met a lot of questions in the writing herein, and it needs further completion to return some respects: In international tax revenue, with financial constant development of futures, easy market subject who participate in futures and corresponding economic behavior both already go beyond the restriction of the national boundaries, and the economic benefits of a transaction are shared by investor from all parts of the world. Therefore, the taxation right of futures is not monopolized by China again, thus produced levied taxes in the word; Meanwhile, the speculator finds broader evading payment of duty in the space in the tax system differences of various countries too, how to avoid levying taxes is becoming he new subject for the financial futures taxation system when developing into later stage, which awaits for readers to further probe into.