Research On Capital Gains Tax

As the establishment and development of China’s socialist market economy, the capital market is rapidly emerging, all sorts of assets transfer deal, especially the stock trading and property rights transactions is increasing, producing a large amount of capital gains, this part of the capital gains contributed to China’s change of social distribution, it has become one of the most important reasons of increasing income gap between rich and poor, so It is necessary to begin to collect capital gains tax to adjust the consequence. On the other hand, capital gains is a kind of unearned income, it is unpredictable and is the expression of the added value of capital assets value, so many investors that speculating to blindly pursuit of short-term interests in the capital markets. This kind of investment behavior is harmful to the healthy development of capital markets. Introduction of capital gains tax is conducive to purify investment and competition environment of capital markets in the developing countries, it can also preserve interests of a large number of small investors and retail investors, increase the standardization of the market, contributing to social harmony and stability. So, in the process of capital market operation of capital gains, taking reasonable tax policy can inhibit blind speculation phenomenon, is an important aspect of the capital market to create an equal competition environment. But it should be taken into consideration that capital gains tax on investment will produce a series of negative effects, such as discouraging investment, affecting the formation of the capital, a heavy tax on capital gains may cause distortion of the allocation of resources. So when designing the capital gains tax in our country, it should be given full consideration to the actual situation of our country capital market and economic environment, carry out the policy carefully and step by step.This article mainly divides into five parts, the first part analyzes the concept of capital gains and the theory of tax problems, including the concept, origin analysis etc, as to provide theoretical basis for policy design; The second part of the capital gains tax effect from two aspects of economic effect and policy effect are analyzed, and further demonstrates the feasibility of the capital gains tax, from two aspects of microeconomic and macroeconomic effect and policy effect, including financial income, fair distribution and stability of the capital market; The third part research relatively mature capital gains tax on international content of the legal system and tax regulations, to provide reference for the construction of our country capital gains tax; The fourth part firstly discussed the capital gains tax system in our country the status quo and insufficiency, and then according to the reality in China put forward reasonable design ideas and reform Suggestions; The last part is conclusion, summary of this paper introduced the general point of view.