Research On The Tax Policy Based On China Petroleum Security

In recent years, along with economic rapid development, the demand of petroleum consumption continues to grow, the supply and demand contradictory is obviously prominent, the degree of foreign dependency enlarges day by day, and the international oil market is unpredictable.These have enormous uncertainty and related risk to economic and the petroleum security.Taxation, as policy tool of State macroeconomic regulation and control, plays a very important role in promoting petroleum resources highly active allocation, encouraging domestic petroleum resources exploration and development, advancing energy conservation, accelerating alternative energy sources development and use. Taxation is the important mean of reinforcing petroleum safeguard. This article analyses present petroleum security situation and safeguard mechanism, analyses tax function on petroleum security from economic angle, summarizes current taxation on petroleum security, and raises taxation policy against petroleum security including production value added tax makes company tax burden overweight, resource tax regulation and control vigor is insufficient, petroleum products export rebate rate is on the high side, business income tax policy on encouraging developing domestic petroleum resources and alternative energy sources is to be to strengthened, oil consumption tax policy remains to be perfected, petroleum revenue tax reckons without oilfield difference and charges overtop. Aiming at above-mentioned problems, utilizing foreign tax policy experience, the author puts forward tax policy adjustment, which includes shifting from a production value added tax to a consumption value added tax to increase business ability to invest, adjusting resource tax to lead petroleum resources rational exploitation, adjusting report rebate tax policy to optimize industry structure, reforming business income tax preference to ensure petroleum co-ordination of supply and demand, which includes adjusting consumption tax to encourage conserving energy and using alternative energy sources, imposing fuel oil tax in order to guide petroleum consumption, adjusting petroleum revenue tax to give full play to business reinvestment initiative.