The Research On Corporate Income Tax

Our country is now being in the comprehensive unloading phase of the new round tax system reform, the new corporate income tax law starts to be implemented, and the worldwide tax reform unrest is also on the rise. Each country adjusts its tax revenue systems according to the actual situation, and has achieved the government tax system goal by the transformation from the sole financial goal to the multi-dimensional economic target, and has made the solid foundation for the economical sustainable development. Corporate income tax is the important tax in the country's tax revenue categories, and it performances very important significance in building the fair competition environment between enterprises, Although the new corporate income tax law unified our country's domestic-funded corporate tax and foreign-funded corporate income tax, but the new law exist some unreasonable aspects in pre-tax deduction methods, preferential tax policies and so on. How to improve the corporate income tax system is worth researching for a lot of problems.This paper discussed some basic principles and theories about tax system reform under the circumstance of market economic from angle of the sole tax system. Based on different economic operation system, our country's corporate income tax system is different from other developed countries'. Studying from other Countries'gains and losses in corporate income tax system reform and according to the restrict from our country's economic operation circumstance and economic development level, this paper analyzed the flaw of our country's corporate income tax system and gave some advices on the policy.This paper studied from the theories, through reviewing the policies and analyzing the problems, and then proposed the countermeasure. Firstly, this paper analyzes the fair and efficiency principle of tax revenue systems, then studied the basic tax system reform principles of some developed countries, and reviewed our country's corporate income tax reform history. Discovered that there are some flaws as below in designing the new corporate income tax law:The first is the preferential tax policies on the foreign investment during the transition-period and on the minority autonomous zone. The second is that the tax law emphasizes too much on the revenue itself, which has big difference from what accounted by accounting standard, and the operation of pre-tax deduction methods and preferential tax policies is too complex, so the efficiency of tax revenue collection is very low, violating the tax revenue efficiency principles. Along with our country economic development, these malpractices will be getting more and more obvious.Finally, based on the analysis and study, this paper provides some ideas of improving our country's corporate income tax. The development of our national economic and improvement of investment environment provide good circumstance in improving our country's corporate income tax system. Preferential tax policies should be more reasonable and the pre-tax deduction methods should be more standard.