On The Influence And Role Of China's Insurance Tax System On The Innovation Of Insurance Products

With the development of the our insurance market ,the renewal of insurance product is becoming necessary. As the insurance tax system, it will have deep effect on the supplier and buyer of insurance. Firstly, in our country the insurance incoming tax has some difference on different insurance company. To some extent, unfair incoming tax rate on insurance company will have heavy burden to our own insurance company. Our insurance company afford the higher operating tax and incoming tax, which could hinder the speed and ability of the renewal of insurance products.Secondly, as the buyer of insurance products, most of them have no enough insurance to avoid the risk in their whole life. They need more insurance, but there is no suitable incent to encourage them to buy insurance. Therefore,some tax advance can be the great incent for people affording and buying new insurance product.Thirdly, through the analysis on tax of some new products, we can see there is no obvious regulation on some new insurance product. If the rule is not perfect, we will have no idea to decide how to tax. The tax regulation is not clear of products would increase the cost of insurance company. Sometimes the insurance company may not tell the truth to customer.Like this insurance industry will lose the base of this industry--utmost faith。Bank insurance is the creation of operation method of insurance, we can make the suitable tax method to control the loss of country tax and have benefit to control the sale income from banks. Because of absence of Annuiy tax regulation, many buyers have no activity to buy these insurance. The new products require to produce the suitable rule to encourage the insurers and buyers.To make our insurance industry bigger and stronger, it is necessary...