The Research Of Financial Lease And The Related Tax Policy

Financial Lease generated in the United States in 20th century 50's,followed by many countries around the world to accept and promote access to a rapid development. At present,in the Western developed countries,Financial Lease has become second most important channel to raise fund only after banking credit.As a new mode of financing,Financial Lease has been introduced into China in 1981.However,Financial Lease industry is less developed due to the unsound "The Four Policy Environment", especially the lack of tax support,,unable to exert its role very well in China.Approved by the State Council in China,the transformation of the value-added tax (VAT) will be carried out in the nationwide since January 1,2009.The general taxpayer through the way of Financial Lease to "buy" fixed assets,due to inability to obtain VAT invoices,should not enjoy the tax deduction treatment.The Financial Lease industry is deeply troubled,and even has a crisis of survival.Financial Lease industry is at a critical juncture in the life and death,and the paper combined with the transformation of the value-added tax(VAT),based on Financial Lease and related tax policy,leaving no stone unturned,looks for the crux of the issue and offers some solutions to speed up its development.In a whole,this paper is composed of four chapters.The first chapter,briefly introduces basic knowledge of Financial Lease,and focuses on the development of the leasing industry in china;The second chapter,based on the Financial Lease tax theory and policy studies,through the international comparison,looks for the deficiencies of the Financial Lease tax policy in China;The third chapter,focuses on the transformation of the value-added tax(VAT),and its impact on the Financial Lease industry,looks for a reasonable response measures;The fourth chapter,combined with the contents of this paper,promotes the healthy development of policy recommendations to the Financial Lease industry in China.