Research On The Tax Policy Of China’s Banking Industry

The financial industry plays an irreplaceable role in the modern economy. Its output occupies a large proportion in the GDP and it promotes the development of economy, optimizing the industrial structure and promoting the employment of all countries. Financial in the present social life is not only the intermediary media, more important, it plays a role of "brain center".It is more and more important as the role of "the first driving force" to improve the efficiency of resources disposition of the whole society and increase material wealth.In China, banking, securities, trust firms, and insurance is constitutes the financial industry four pillar industries. With economic liberalization and diversified development, our country banking business is becoming more and more widely, such as asset securitization, the silver card cooperation, the cooperation between bank and insurance, silver period cooperation involves three big industry. Analysis of the banking industry tax policy, can play the part of demonstration and reference for other industries the perfection of tax system.Banking taxation policy is adjusting with economic development constantly, and have made remarkable progress. But with the bank business continues to expand, the existing tax policy is not enough to s regulate bank behavior and promote the bank’s development. But with the banking speed up the pace of opening up, especially in recent years, foreign capital banks with abundant funds, advanced operation and management, good asset quality shock heavily on the development of domestic banking industry. At the same time, in the economic globalization, no country can develop without the world economy, the world financial industry’s turmoil also affect the development of finance industry in China. As the pillar industry of the financial industry, the banking industry must raise the risk prevention as soon as possible. It is of great significance to consummate our country banking taxation policy to deal with these new changes of the banking industry.In this context, this passage bases on banking tax system, from finance and finance point, analysis as follows. The first chapter presents the this paper’s research background and research significance as well as the definition of the scope. The second chapter analyzes the impact of business tax and income tax on bank profits by economic theory model. The third chapter firstly briefly analyzes the primary business of the bank and its related tax policy, and from the angle of business tax and income tax respectively analyzes the changes of the tax system of China’s banking industry since the founding of the country, and lists some special conditions and preferential tax separately of the two categories of taxes. The analyses makes a foreshadowing for back analysis of the question. The fourth chapter, analyzing the foreign banking cargo service tax and income tax, points out that the foreign bank’s tax system in worthy of our study and use for reference place. The fifth chapter, the comparison of foreign beneficial experience analyzing the defect existing in the China’s banking tax system, and analyzes the reason of present problem and performance. The last chapter, from the current situation of the development of China’s economic and banking in the economy status, based on cargo service tax and income tax as the main body of categories of taxes tax reform for direction, put forward the improvement of China’s banking industry tax system suggestion:Cargo service tax, through the short term and long term two process, and gradually achieve banking business tax change VAT; Appropriate for interbank lending business tax; Make up for financial derivatives taxation blank. Income tax, making standards on loan loss pre-tax deduction policy to make good to tax revenue and conducive to the bank promptly carry sufficient reserves to strengthen risk control and prevention; Giving full play to the guiding role of banking preferential tax, such as increasing bank loan business on agriculture and small business as well as green credit business;Finally, standardizing for income tax collection and management.