The Legal System Of Tax Revenue Optimization Of Financial Leasing Under The Value-added Tax Reform

Legal system of tax revenue is one of the four pillars of financial leasing industry, which has a great influence on the development of financial leasing. In order to avoid repeat levies, reduce the lessee’s tax cost, enhance the competitiveness of the financial leasing industry, financing leasing industry has become one of the first pilot industry. Through Tax System Reform, the internal taxation of the financing leasing industry get a certain degree of unity. We should affirm that Tax System Reform will have a positive significance of the industry. While we should also observe that financial leasing industry still faces adverse conditions. On one side, because of the tax policy of inertia and too strict supervision and access requirement, financial leasing industry has different tax policy between different subjects, which has a direct influence on the competitive position. Due to the different tax policies, the participants who are into the regulatory under CBRC, People’s Bank of China, Commerce Department enjoy preferential tax policies. This condition dated from Business tax era and carried over into Value added tax era. The tax policy based on the Nature of Business and supervision model at a specified period is inevitability. However the tax policy must match the industry and economic development. If the environment of the industry undergoes major transformation, while the tax policy keeps stagnate, it will restrain the industry development. At this stage, the bottleneck of the financial leasing industry lies in the single lessor structure and insufficient competition. On the other side, as VAT expanding circumference takes time, VAT deduction chain needs further improvement.The paper is divided into five parts content:The first part introduces the theoretical foundation of the financial leasing tax legislative system. On account of the professional of financial leasing and tax issue, in order to make the article more readable, the article introduces the general situation of financial leasing legal system of tax revenue in the first place. It divides into two aspects which includes financial leasing and tax legal system. It introduces the relationship of the financial leasing, the lessor structure in our country and the qualitative of the industry. The tax issue mainly discusses about the influence of tax policy on the industry, in order to illustrate the importance of the tax system, demonstrating the necessity of the research.The second part introduces the evolution of the tax policy. The first section introduces the policy under the business tax period. The second section introduces the policy under the Value added tax period. It interprets the relevant tax policy.The third part, it introduces the reason for the reform. It discusses the background of the development of financial leasing industry and the relationship between tax policy and the background. The first section introduces the factors that affect the tax policy, including political, economic and interest group. The second section analysis the reason that has different tax policy. It proves the epochal character of the policy.The fourth part introduces the tax policy overseas and then makes a comment. It includes America, Russia,Poland and Argentina. Country selection has certain representative, including North America, South America, Europe and Asia. They have greater advantages in the field of financial leasing. Through comparison and summary of turnover tax policy in these countries, we find that their tax policy is based on the behavior of financial leasing, not depended on the participation.In addition, their tax policy has the uniformity. The tax policy overseas tends to be more fair and reasonable.The fifth part analysis the turnover tax legislation at this stage. It discovered tax difficulties mainly have two aspects: Firstly, the industry’s tax is unfair; Secondly, the deductible VAT chain is not perfect. Take example by the foreign advanced experience, combined with China’s national conditions, the author puts forward the suggestion.About innovation, our country don’t have Academic Monograph of the legal system of tax revenue of financial leasing under the value-added tax reform policy at present, the present research focused on the preferential tax policy. Many scholars believe that the lack of support leads to the dilemma. While the author believe that insufficient competition of the financial leasing is the subject matter of the development difficulties. The primary cause of the problem is the different tax policies.So we should pay great attention on the equability of taxes. This article uses a large ink to demonstrate that fair tax policies play a important role in the development of financial leasing industry. When looking for a development bottleneck restricting our financing lease, it discusses the background of the development of financial leasing industry and the relationship between tax policy and the background. We find that different tax policies have epochal character and are not universal. Moreover, through reading foreign literature,we find that their tax policy has the uniformity. It proves that our different tax policies are unreasonable.We can say that the argument of this article and demonstration Angle have certain novelty. About shortage, firstly, the rationality of the difference tax is not fully analyzed. Financial leasing industry enjoy the tax according to the differential section, no matter at the business tax period or VAT period. Financial leasing industry has the same policy such as Russia. The rationality of the policy is not explained.Secondly, the foreign VAT reform material don’t adequately collect, it leads to the lack of overseas experience.