The Tax Burden Research On Securities Companies Of China

The tax burden has an important effect on the development and business behavior of securities companies. So the development of tax has a great deal to do with securities industry. At the present stage, Most of the scholars in China are to conduct research on the securities tax system, however, the researches on securities industry, especially the relatively empirical studies is quite few.Methods of this paper will mainly use the combination of theoretical and empirical research, to investigate the actual level of the tax burden of China’s securities companies, and its influence on the performance of securities companies. Base on this, put forward some recommendations on the securities companies.In the part of theoretical analysis, this paper first defines the tax burden of enterprise, and then detailed analysis of the different classification of the tax burden of enterprises, determined the type of the tax burden to be studied in this paper. On this basis, the paper further analyzes the different tax effect of securities companies.In the part of empirical analysis, this paper firstly discusses the current tax system of securities companies. The problems of current tax revenue system of securities companies in China are as follows:nominal tax rate is too high, the tax base is not reasonable. Then, using the method of descriptive statistics, based on the financial data of19listed securities companies from2006to2012year as research object, analysis the actual tax burden of China’s securities companies. Secondly, based on the data of the Changjiang Securities Company from1994to2012year as the research object, analysis with the method of regression, we research the influence of the actual tax burden on the operating performance of China’s securities companies.Through the research of above, based on theoretical analysis and empirical analysis, we think China’s securities tax reform should keep to the three basic principles to moderate, fairness, efficiency. And the paper puts forward related suggestions from two aspects of short-term and long-term optimization of tax system on securities company.The main contribution of this paper is conducted in-depth research on the tax burden of the company’s securities, through compared with other industries, we expand the breadth of tax burden study of the securities companies; through the relevant data, examined the actual influence of tax burden on the development of securities companies, promoted the depth of study on the tax burden of China’s securities companies.