Study On Preferential Tax Policy Of National Enterprise Annuity

According to the associated documents released by Ministry of Labor and Social Security, The shortfall of national pension has already reached 800 billion RMB by the end of 2005. The huge amount of shortage has become the bottleneck of national social security system. The trend of aging population brings the enormous payment pressure to national finance. The crisis could be relieved by involving other source to pension fund, setting up"three pillar model"pension system which consists of social fund, enterprise annuity fund and personal saving. As the second pillar, enterprise annuity plays critical role in relieving pension payment pressure, optimizing national pension insurance system. The preferential tax policy is an"engine"for enterprise annuity fund. The development of enterprise annuity fund needs the support from national government. But so far in china, there is no clear defined preferential tax policy to support the development of enterprise annuity fund.This study based on the present status and the existing problem in china,applying the basic theory of the enterprise annuity fund, comparing and analyzing the preferential tax policy among several developed country, also using some related American regulations on tax policy for reference. It comes to the conclusion that EET should be taken as the preferential tax policy model. This paper also gives the proposal of detail policy for the different stage of enterprise annuity fund. (deposit, investment, withdraw).Hope it can contribute to the policy making of national enterprise annuity fund reform.