China's Securities Tax System And Its Discussion

Securities market is the main component of financial markets. It has many roles such as financing, re-structuring of property, optimizing the resource settings effectively, macro- adjusted. It is self-evident that the security market is increasing its influence on today' s economy and whether it keeps efficiency becomes one of the key issues for economy development. In order to achieve securities market operating efficiency, we must strengthen the management on the securities market. The tax system of securities is one of main economic leverages of macro-adjustment, and then it has a great effect on securities market. Therefore, it is important and necessary for us to do some research on the tax system of securities.This thesis begins with the analysis of theory on tax system of securities. It reveals the essence and basis of tax on securities and the taxation effects on security market. Then the thesis focuses on the international comparison of tax on securities, which gives us some successful experiences and some principles.The thesis develops in five parts as follow:Part one: A question of theory. It mainly brings up the Tax System on Securities from the selected topic background, and has given the explaination of the research results and article structure.Part two: The theoretical analysis to the Tax System on Securities. In this part, we will demonstrate the theory on tax system of securities, for example: the concept, functions, content of the tax system and the relationship between the tax system and the security market and so on. So that we have an initial and comprehensive understanding of the tax system on securities.Part three: The economic effect of the Tax System on Security market. In order to understand the tax system of securities' effect on securities market, we focus on analyzing the economic effect of tax system of securities by detailing in 4 respects: Stock Issuance, Stock Exchange, Stock Income and Stock Legacy. Has profited from many overseas economists' different view and the analysis of the stamp duty securities , exchange duty securities, income duty securities to the securities market, which has provided the rich experience and the reference for our tax system on securities.Part four: The international comparison of the Tax System on Securities. Compare the foreign tax system on securities in stock issuance, stock exchange, stock income and stock legacy stages, summarize the present tendency and characteristic of securities tax system. So that we can draw lessons and use it for reference in designing our tax system on securities, especially in exchange duty securities, exchange income duty securities, bestowal duty securities which have not levy in our country.Part five: Current situation and development of the Tax System on Securities in China. According to theories of tax system on securities and experiences form other countries, this part analyzes the current situation of tax system on securities in China, summarize the flaws in tax system on securities and presents the goals of further development, and how to design the concretely taxation of the tax system on securities.