Perfecting The Trust Tax System Of Our Country

Trust system originated in the Britain, it is the important part of the equity, theusufruct system is the root course of the trust system. Because the trustor trust trustee,trustor set the trust property to the trustee, and trustor can get the earnings, so the trustcan be established. It is based of the people’s trust, after a long time, it gets thecoercive power. Now It is introduced into our country from the USA. we find manyproblems of it. And accumulated many experience. Consummated the trust tax is veryimportant.Combined with the trust tax of our country, and refer to the good experience ofthe Developed country. Now we must know three part of it. The first one, the basicstructure of the trust tax. The second one, beneficiary pay taxes, encourage charitabletrust, ensure fair, avoid double taxation. The third one, increasing fiscal revenue, andpromote trust healthy development.The Trust has became an integral part of our current economic activity, and theothers is Bank, Securities and Insurance. But there are many problems of trust taxsystem, the taxpayer is not clear, the double taxation, tax is not fairness. It is bad forhealthy development of the trust tax in our country. So we must make the tax payer isclear; avoid double taxation, ensure the fairness of tax burden, encourage developingcharitable trusts.The public trust is facing many problems in our country, The main problem isdouble taxation. So the double taxation is the main problem of the charitable trusts,the secondary problem is incentive intensity of charitable trusts development is notenough; the policy is not clear. These problems must be resolved. So we must knowthe course of the problem, each link of the charitable trusts, and the preferential policy.Make the policy of each tax category is clear in the every link.The double taxation is the main problem of private trust, too. And othersproblem is the same with charitable trusts. The main course of the problems is dualownership. The double taxation of income tax, business tax, deed tax, stamp tax,turnover tax and value added tax is very serious. In the each link, we must make themclear.If we want to make the trust tax system be much better, so we must know thecomposition, significance and basic principle, what is trust tax system. Resolve themain problem is double taxation, and make the tax payer is clear, guarantee fair oftrust tax. At the same time, we must make the charitable trusts healthy developing.