Discussion And Assume Of Inheritance Tax And Gift Tax Levy In China

Along with the development of economy and the enhancement of comprehensive national strength, the income level among the urban and rural residents in China has been increased as soon as possible. The continuously widening income gap is becoming a more and more serious question. According to the Richest People of the World (Forbes), China has doubled its number of 10-figure fortunes in recent years. The billionaire growth rate is the fastest one in Asia Pacific Region and the total number on Forbes is only less than that of the United States. After 30 years of the reform and opening-up policies implement. The property proportion of the billionaires has occupied most of the total social property. Now. the first generation of billionaires has to face a problem of transfering their property to the second generation. Based on the brief introduction of the theories of inheritance Tax and gift tax, the thesis tryies to analyze the necessity and feasibility of levying inheritance tax and gift tax in China and to discuss the fairness of the tax-levy policy as well.By the comparison of inheritance and gift taxes overseas, especially through the Key analysis of that of America, Hongkong and Taiwan,the thesis takes a initial view of how to levy inheritance and gift taxes in China, what the collection and management measures are and what the problems should to be solved in the future.