| Since China started to implement the policy of replacing the business tax with a value-added tax,value-added tax has become the first big circulation tax in China.Beginning in May1.2016,China will implement the trial replacing the business tax with a value-added tax.It covers construction industry,real estate industry,financial industry and life service industry and marks that the business tax will leave the stage of history,while the value-added tax will get development.This is an in-depth reform of our finance and taxation policy.The reform program to replace the business tax with a value-added tax will change the phenomenon of duplicated taxation which has a negative influence on the development of the insurance companies.Therefore,replacing the business tax with a value-added tax will bring a positive influence on insurance companies in the future.it will be an important moment for insurance companies to optimize the industrial structure and strengthen the management of the enterprise.At present,research on the insurance tax system in our country mostly stay at the tax system itself including business tax,income tax and the replacing the business tax with a value-added tax.The research on the tax influence on insurance companies is less and less.This article is based on this starting point,using the method of theory analysis combined with case analysis.It chooses the life insurance company A and B as an example,to calculate the tax burden of the business tax and the value-added tax;It choose interest income of the life insurance company C to contrast the tax burden between business tax and value-added tax.At the same time the article uses the statistical software SPSS and EIVEWS empirical analysis,and selects 6 representative life insurance companies' data from 2009 to 2015 to find the effect on Company's operating.At last the article gives several suggestions for the life insurance companies' development. |
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