The Analysis Of ’Converting Business Tax Into Vat’ Policy On Financial Leasing Enterprises

Owing to the market-economy development, financial leasing industry has become an important part of financial market. The so-called’Rising Sun Industry’ has become one of the main financing means on the renew of the equipment. During30years of development, exploration and practice in our country, financial leasing industry has made enormous progress, but still keeps gap with other developed countries. As an important influence factor, tax burden has contact with the financial leasing enterprise’s development. A good tax environment can keep this industry healthy. This is also a common experience in those developed countries. From January1,2012,’Converting Business Tax into VAT’ tax policies has been carried out in our country. In this paper, we analyze the change of tax burden and performance on financial leasing enterprise, based on the theoretical and empirical combination of analysis method. Finally, we put forward some recommendations on the financial leasing enterprise tax policy.In the theoretical analysis part, we expound the enterprise tax burden general analysis, the definition, classification, and the influence factors at first. Then, we analyze the tax mechanism and its influence on the financial leasing market. Furtherly, we introduce the tax incentives on financial leasing industry in some developed countries, and summarize the reference experience for our country.In the empirical analysis part, we define the enterprises’tax burden firstly, then use descriptive statistics analysis based on11China financial leasing enterprises datas from2007to2012as research object, to conclude the financial leasing enterprise tax burden change trend. Besides, make a comparative analysis with financial industry. Finally, we make an analysis on the impact of tax burden and performance on financial leasing enterprise using input-output table data and the financial leasing enterprise listed data.Based on the above foundation, the paper proposes optimize advices on Chinese financial leasing enterprise tax system in business tax system and income tax system aspects.This paper mainly lies in the contribution of research the change of tax burden and performance on financial leasing enterprise, based on the ’Converting Business Tax into VAT’ tax policies.