The Improvement Of Chinese Tax Law Of Oversea Investment

Since 1978, in the period of early and mid-term of reform and opening up, China mainly acted as a capital exporting country in the field of foreign economy. As the overall national strength has always been increased fast and steadily these years, China has moved from the stage of simple attraction of foreign investment into the stage of parallel input and output development of capital.Oversea investment is the inevitable performance and demands of a country which is in the state of strong economic development. In turn, it will create a great role in promoting the domestic economy, that is to say, oversea investment constitutes an important part of the country's economy. Therefore the government of any country takes encouragement, regulating and guide as the strategy of oversea investment.In recent years, rapid growth of China's oversea investment and the widespread investment area play a good match to domestic economic development. However, oversea investment in China being still at the early stage, there are many problems of enterprise itself,like the lack of capital and the lack of capability and experience of international business etc; resulting that industrial distribution of Chinese foreign investment is low-end overall, and that profitability is generally low. Therefore, our government should encourage and regulate the development of oversea investment from all aspects in the future, playing its due role in promoting economic and overall social progress. Among them, the perfection of oversea investment-related tax law system is a fundamental and important initiative.China's current systems of foreign tax laws develop and improve by focusing on attracting oversea capital as a starting point. Although foreign investment has been given some supports and benefits, from the whole view, our current systems have not paid enough attention on the new position in field of international capital. So it is difficult to give healthy and effective regulation, guidance and management to the vigorous development of China's oversea investmentOversea investment needs objectively and requires eagerly the state to fully improve the related tax law system in order to adjust and boost it, which needs us to alter the guiding ideology, revising and improving the current oversea investment tax law. Only in this way, can we truly adjust the present developing status of oversea investment and guide the future developing trend and then cultivate Chinese world-class multinational corporations ultimately achieving the maximization of national interests in the field of international economy.This essay mainly includes four parts, specifically as follows:PartⅠ:Overview of current development of oversea investment. This chapter firstly gives a simple introduction of current Chinese oversea investment developing situation. Then based on its analysis, this chapter put forward the meaning of a sound legal system of taxation for the development of foreign investment.PartⅡ:The current status on legal system of oversea investment. This chapter gives a detailed exposition on the specific provisions of legal system for oversea investment and makes full and targeted analysis, then find out the parts which need to be changed and improved.PartⅢ:The summary of Tax Law of vital countries in the field of foreign investment around the world. This chapter firstly gives a brief introduction on the main provision of Tax Law of vital countries in foreign investment and then points out the mature and effective experience of other countries used as valuable reference to China.PartⅣ:The improvement of Chinese tax law system of overseas investment. This chapter, on the basis of improving fundamental principles of oversea investment taxation law system, puts forward some useful but still needs further thinking proposals on how to improve Chinese tax law system of oversea investment...