A Research On The System Of Capital Gains Tax From Securities Exchange Of China

With the development of Chinese securities market, the capital gains from securities exchange accounted for the proportion of the total gains from securities is much higher than ever. Whether to levy the capital gains from securities exchange or not becomes the focus of the society. The word of capital gains tax from securities exchange is familiar to most counties in the world. For example, the history of the U.S.A. of levying the capital gains from securities exchange can be traced back to1920s. Of course, there are two practices in the world. One practice is to levy the capital gains from securities exchange and the other one is not. This paper aims to construct the system of capital gains tax from securities exchange of China through the methods of investigating the theory of the capital gains tax from securities exchange and analyzing some relevant counties and regions comparatively.Apart from the introduction and conclusion, the paper is focused on the following four parts:The first part is "the basic theory of capital gains tax from securities exchange". This part firstly defines some concepts including but not limited to securities, securities exchange market, gains, and capital gains. Also, make the definition of the capital gains tax from securities exchange. Than, the author analyze the theoretical foundation of the capital gains tax from securities exchange from the principles of the fairness, ability-to-pay and public interests.The second part is "the lack and the value of the capital gains tax from securities exchange in our country’s tax securities ". The author clarifies the types of the taxes, which may be involved in the stages of securities exchange and securities gains in the securities market. Than, analyze the reasons of the lack of he capital gains tax from securities exchange from the contradiction between the instability of the capital gains tax from securities exchange and the stability of the tax. Finally, emphasize the value and significance of the capital gains tax from securities exchange from a practical point of view.The third part is " the practices of capital gains tax from securities exchange in the overseas and Taiwan regions ". This part mainly lists and analyzes the histories and practices of capital gains tax from securities exchange of United States, Japan, and Taiwan.The fourth part is "some thinking on how to construct the system of capital gains tax from securities exchange in china ". As previously mentioned, this part make a further discussion in the principle of the construction of the system of capital gains tax from securities exchange based on the theories of capital gains tax from securities exchange, the status of capital gains tax from securities exchange in china and the comparative analysis among the United States, Japan and Taiwan. Meanwhile, the author puts forward some opinions on the specific implementations of the capital gains tax from securities exchange, such as the path selection, specific system design and so on.The capital gains tax from securities exchange has experienced from scratch in the United States, Japan and Taiwan. In the process, the tax rates also experienced several adjustments. Although our country tax regulation is still a blank in this field, the author believes that, with the development of securities market of China, the levying of the capital gains tax from securities exchange will be put on the legislative agenda sooner or later.