Tax Legal System Research In Shanghai Free Trade Zone

the Shanghai Free-Trade Zone(hereafter referred to as Shanghai FTZ)was officially launched on 29 th September,2013,and soon the Overall Program of Shanghai Free-Trade Zone(hereafter called Overall Program)was passed by.In the Overall Program(the State Council(2013)No.38),a more practical taxation law system,a motivating investment,and a stimulating trade taxation law system need to be explored and established.Meanwhile,the Overall Program stipulated that taxation law system of the overseas equity investments and the offshore business should be perfected positively under the premise of adapting to taxation system reform.In addition,the Shanghai FTZ to distinguish the function orientation and the traditional functions of the bonded area,Shanghai FTZ is not clear through tax depression to attract investment,but through the system innovation of the full range of promotion,to achieve nationwide replication function goal.Therefore,the essay focuses on the functionality of the Shanghai FTZ in order to discuss how the innovative taxation law implemented promotes investment,trade,overseas equity investmentand offshore business development.Meanwhile,on the basis of taxation laws implemented in overseas FTZs,the essay concentrates on the discussion of innovating taxation law that can be suitable for the Shanghai FTZ.Further,it could be popularized around our country.The essay includes 4 sections.Section 1,which contains details of the conception and the characteristics of the Shanghai FTZ,illustrates a profile of taxation laws implementing in this area.The section emphasizes the taxation laws are carried out under the principle of economic resource optimization and economic equity.In addition,it introduces traditional taxation laws executed in the other national FTZ and makes a comparison with the taxation laws enforced in the Shanghai FTZ.Section 2 discusses status of taxation laws implement in the Shanghai FTZ and their defects on the basis of analyzing investment,trade,overseas equity investment and offshore business development proceed in the area.Further,the section lays the foundation for the improvement of taxation laws enforced in the area.Section3 elaborates taxation laws executed in FTZs of America,Dubai and Singapore.It concludes consolidated taxation laws,special orientation of FTZ,comprehensive tax credit and strict anti-tax avoidance policy would develop FTA apparently.Section 4 discusses the improvement of taxation laws executed in the Shanghai FTZ.On the basis of taxation laws implemented in the FTZs of America,Dubai and Singapore,the section summarizes suggestions for improving investment,trade,overseas equity investment and offshore business development in the Shanghai FTZ.section summarizes suggestions for improving investment,improving trade,equity investment and offshore business development in the Shanghai FTZ.