The Role Of The Establishment Of A Social Security Tax To Reform Chinese Old-age Security

Social old-age security system, it is one of the most important part a country, an economic entity’s social security system. Also in various social security systems Social old-age security system involves the most widely, designs the most complex, and the span of the accumulation phase and pay period is the longest. Therefore, each country and economic entity design their own Social old-age security system very cautiously, and in order to make a perfection to improve the system in the practice ceaselessly. Because this is a big thing concerns the stability and unity to a society.China is a socialist state with its social-economic base of the socialist public ownership. But since the reform and opening up and in the establishment process of socialist market economy, china’s social old-age security system reform was on the path to the private ownership of individual account as the support for the prospective of quasi-private old-age security. It is obviously not accord with the fundamental conditions of China to construct a quasi-private old-age security system on the socialist public economic fundamental condition. At the same time it will also in difficulty to meet the developing requirement of the socialist market economy with Chinese characteristics. Social old-age security system is not consummate, has become one of the most important obstacle and bottleneck of China’s society’s sustainable and healthy development. This paper base on the thorough analysis of china’s social-economic base, and then analyze the advantages and disadvantages of the current old-age security system in china. The paper combines with its own characteristics of the current social old-age security system to commit to establish the social security tax as the breakthrough of a new round of China’s social old-age security reform and the support of the new social old-age security system. The prospective of the new reform is to make the all people owned assets and stated owned enterprise as the most important material base of China’s social old-age security system, to return to the government responsibility. At last, reconstructing China’s new social old-age security with Chinese characteristics with public sector of economy foundation for the basic security and combining with emphasis on individuals for their own pension obligations with the individual account system.