Discussion On The Financial And Economic Effect Of Unification Of Income Taxes Of Domestic-funded And Foreign-funded Company In China

After entered the new period of reform and opening-up, our country has adopted the preferential policy of the tax revenue to kinds of overseas-funded enterprises in order to attract and utilize the foreign capitals and speed up the development of economy. With the setting-up of the economic globalization and the completion of the market economic system of our country, the investment environment of overseas-funded enterprise of our country has improved greatly. So, it is inevitable requirements at new stage of economic development of socialist market of our country to unify the income tax law of internal and external capital enterprise.《the income tax law of enterprise of the People's Republic of China》had put it in force formally since January 1, 2008. The issue of the new income tax law of enterprise finishes the history of " one tax for two laws " of our country and makes " two tax unify " realized. It will have great meaning and influence to promoting the fair play of kinds of enterprises and adjusting economic restructure and changing the style of economic increasing, coordinating regional economic development, optimizing the structure of utilization of foreign capital, stopping up tax revenue loophole.This research aims on analyzing the situation of our country's corporate income tax system by using public relevant theories of economics, and probing into " whether two tax unify " finance economic effect that produce on this basis, putting forward the supplementary measure that should be considered being taken that " two taxes are unified " and the arrangement in transition period, improving the idea of the resulting tax system. Part one which based on basic theories of public economics, demonstrate the theory basis and various tax functions of the imposition of enterprise income tax from the theory,introduces the theoretical foundation and macroscopical foundation of " two taxes are unified ", carries on evaluation and analysis to the basic theories of the contemporary main tax system reform both at home and abroad.Part two Based on the actual situation in China, introduces two current situations with discrete tax of our country,comprehensively analyze the main problems existed in the current enterprise income taxation system.,and points out discrete questions and its negative influence of network which are brought by two taxes under WTO frame. Demonstrate that under the current conditions, if the two income taxation systems of domestic and foreign-invested enterprises are continued to be used, it does not conform to the principle of tax unification, and is not good for the fair competition, control of tax loss and taxation management, which shall result the low level legislation and weak flexibility of the enterprise income tax. Analyze and demonstrate the necessity and importance of unification of the income tax for domestic and foreign-invested enterprises, from the angles of improving the socialist market economy system, adapting with WTO and international standards, optimizing the foreign investment structure and industrial structure.Part three recommends the guidelines and the legislative principle of " two taxes are unified ", sketches the main content of the new enterprise income tax law,summarize new enterprise main content of income tax law with " five common characteristic " and " two transition period ". Have explained the requirement before-tax in detail in the applicable scope, tax rate, deduct the project, tax allowance and concrete regulation of levying and managing of the new tax law , have introduced the preferential policies of two transition periods, points out the great changes of amalgamating income tax of two taxes;Part four dissects the finance economic effect which will produce soon after " two tax unify " especially, and analyzes the influence about " two tax unify "to the tax system on fiscal revenues, financial management system and finance from the finance and economic angle separately. It also probes into in positive influence in adjusting the industrial structure, bring about an advance in local economy, improve level of utilization of foreign capital and quality, lightening internal and external economy out-of-balance pressure, raising enterprise independent innovation ability and tax revenue efficiency , promoting new tax system reform, etc.Part five use the advanced theory and experience in international income tax system of reform for reference to analyze the questions that might appear in" two tax unify " implement course; It puts forward some supplementary measures that should be considered and realized ,and the concrete countermeasures of smooth transition. It does positive exploration to how to perfect the new rounds of tax system reform.