Tax Policy To Encourage The Development Of China's Enterprise Annuity

The three pillars of the World Bank pension system reform proposals already in practice in many countries of the world, and have achieved some results. Most countries have established an Old-age security system which including Public pensions, Occupational pensions and Personal savings pensions at multiple levels. With the increasing aging of the population, Occupational pension play a more and more important role in covering the living level of the old in the society in many developed countries, and it has become an important source of retirement income. As a voluntary supplementary pension insurance scheme, Occupational pension's development depends on the government's economic incentives, especially the tax policies. Western developed countries regard preferential tax policies as the "engine" of Occupational pension's development. Current pension in China is inadequate supported, which is mainly manifested in the lack of tax preferential policies which will support the Chinese Occupational pensions.The paper begins with the basic theory of Occupational pensions, the relation between Occupational pensions and tax preferential policies from the government and also the importance of the tax preferential policies. Then it introduces the development of Occupational pension's tax policies mode in foreign countries and their advanced experience and prospect. This article focuses on the analysis of the development of Chinese Occupational pensions, the status and problems of Occupational pensions tax policies in China. On this basis, refer to the advanced experience from abroad, through the comparison of the advantages and disadvantages of various tax mode, We should put forward Chinese Occupational pensions tax mode, use the data to calculate the loss of government revenue. Finally, this article designs the specific tax system of our Occupational pensions and puts forward suggestions to improve the pension system and some measures proposed.