Fiscal Policy Choices Of The Normally Development Of The Internet Finance

In recent years, the Internet finance presents a “ blowout ” type of development in China. 2013 is called “ the first year of China’s Internet finance ”by《 the financial stability report of China 2014 》.In the government’s work report 2014, premier li keqiang, first puts forward the concept of “the Internet finance”, affirming and supporting the development of the Internet finance from the national level.In 2015, the Ministry of Finance, the People’s Bank of China and other ministries 10 in all,issued the guiding opinions on promoting the healthy development of the Internet finance, encouraging and supporting the rapid development of the Internet finance.Under the national policy support, the Internet financial industry has developed rapidly in our country, and has produced significant effect on people’s production and living. Fiscal governance as the basis and important pillar should support the development of the Internet finance, and strengthen management for possible risks.This paper first analyzes the context of the Internet finance development in China, elaborates on definition, background, classification and the development of the Internet finance.At present the generally accepted definition of the Internet finance is: a new financial model,with the help of search engines and Internet technologies,such as cloud computing, mobile payments, realizes the credit intermediary and financing. On the one hand, traditional financial institutions conduct financial business via the Internet, on the other hand, the Internet enterprises expand their business on the Internet; Secondly this paper analyzes the necessity and feasibility of the government’s fiscal support on the development of the Internet finance. Because of the externality, risk, information asymmetry, backwardness, and the lag of the market regulation, the government’s fiscal support on the Internet finance development is necessary. Because the fiscal policy has the role of guiding,pulling, supervision, and tax incentives, so the government’s supporting on the development of the Internet finance through fiscal policy is feasible; Again,this part finds out the current problems of the Internet finance and combs the existing national policy measures to support the development of the Internet finance,and analyzes the development experience of foreign Internet finance, from Europe and the United States and some other Asian countries..After finding out problems, specific policy Suggestions are given in the last part on how to support the development of the Internet finance, mainly from the aspects of macro and micro, meso analysis to explain how the fiscal policy to support the development and guard against financial risks.Specific measures for the healthy development of the Internet finance are given,as creating a favorable financial ecological environment, building a sound financial infrastructure, providing tax incentives and fiscal capital support, improving the tax service system, etc.This article is divided into six parts.The first part is introduction, mainly discussing the research purpose, significance, the concept of the Internet finance, shortage and its prospect. The second part is the summary of the development of the Internet finance. This part introduces the concept of the Internet finance, development background, history and classification The third part is the necessity and feasibility of fiscal support of the development of the Internet finance demonstrating that the fiscal support for the Internet finance is necessary, and feasible. The fourth part is the risks of the Internet finance in our country.This part discusses the lacks of the Internet finance The fifth part is the practice of the government’s management on the Internet financial development and foreign experience. This paper discusses the government’s management on the Internet financial development, and the measures of risk prevention the government has taken, and the foreign experience. The sixth part is the fiscal policy to promote the development of the Internet finance, and concrete suggestions about the fiscal policy to support the development of the Internet finance are given.