Reform On The Securities Tax System In China

The securities market in our country undergoes prosperous and declining in 2006 and 2007 since the recovering in the end of year 2005 after years of murky. According to this situation, the tax system of securities market in our country has been adjusted greatly which makes the research on the reform on the tax system of securities market have theoretical and practical significance.This paper includes 5parts. The first part as the introduction points out the writer's primary intention. The second part introduces the theory which will be used in analyzing. The third to fifth part are the key of the paper. The third part makes a general elaboration of the tax theory and system of securities market in order to make theoretical and practical references for the reform on the tax system of securities market. The forth part, as transition, focuses on the resent situation of the tax system of securities market in our country in order to point out the drawbacks of it and the reason for it. The fifth paragraph, as the inclusion, gives some adverse and suggestions of the reform on the tax system of securities market by the summary of the above parts especially the second to the forth part.Comparing with the resent research on the reform on the tax system of securities marker, the paper includes following luminescent spot:First, classifies the tax system of securities market in to securities market turnover tax, securities market income tax, securities market property tax from the prospect of the classification of the tax system structure. This gets rid of the resent classification of the tax system of securities market from the prospect of release link, the circulation link and the assignment link which will make new and better explanation of the reform.Second, following the modern countries' experiences is another luminescent spot. The resent reference from the research generally focuses on the arrangement of the tax system without referring to the mature theory of tax system of securities market from west. According to this, the paper introduces the western countries' theory on the tax system of securities market by introducing the specific tax system of securities market. This avoids the old ways talking about the reform on system of the securities market which makes the theoretical analyses dispersing in the literature more systematization.