Research On Tax Revenue Legal System Of Chinese Financing Lease

As the rapid development of China’s financial leasing business recent years, thenumber of companies engaged in financial leasing business continues to increase and thetotal amount of registered capital funds and business have a substantial growth. To carryout financial leasing companies purchase equipment for the business development ofproduction provides a way to promote the country’s economic development. In2014the“Business tax change Value-added tax” deepening of China Banking RegulatoryCommission issued a new financial leasing companies management approach. And theSupreme People’s Court also issued a financial leasing contract disputes concerningjudicial interpretation, which produced a significant impact on China’s financial leasingindustry. As one of the "four pillars" to promote the development of financial leasing, taxincentives plays a key role in promoting the development of financial leasing business.While China’s current financing and leasing business has been showing growth, thereis a low penetration of leasing, leasing small-scale enterprises, irrational industrialstructure and regional development issues compared with overseas development. Thus,policies to increase the finance lease concessions, particularly to develop a reasonable taxlaw system in order to better promote the development of financial leasing business.Considering the financial leasing business needs, the tax system to increase its sound hasimportant practical significance. Therefore, this article focuses on defects of the existingfinance lease tax law system through analysis of the combination of theory and practicecombined with results of previous studies restricting depth development of China’sfinancial leasing business reasons. Meanwhile, the analysis of the current situation ofChina’s financial leasing tax law system combined with the practice of tax law systemreform experience in making foreign finance leasing hoping to make some suggestions toimprove China’s financial leasing tax law system finally.