Camp To Increase Impact On China's Insurance Industry

China has experienced four fiscal reforms in the process of economic development,from a value-added tax as the main business tax and VAT turnover tax has been parallel to the Transitional Government to adjust development strategies,will shift the focus to the development of tertiary industry,continuously push forward the modern expand services to address double taxation and other issues.As of May this year,the camp changed to increase comprehensive coverage of services.In this process,the financial industry is the service industry reform a top priority,and the insurance industry due to the special nature of its industry,to explore and practice of reform is considered to be the camp changed to increase the focus and difficulty.The insurance industry in the overall fiscal reform is an important relationship between the position of the national economy and social stability long-term stability.China's insurance industry in the first five months of this year,business tax reform,the tax system in the background and circumstances of the times,adapt to the prevailing industry development needs,while promoting the upgrading of domestic financial gain.But the impact of the economic progress and development,business tax issues also will be highlighted,hindering the development and optimization of the structure of China's economy.Insurance company will pay a higher sales tax,while the upstream part of the value-added tax can not be deducted,the tertiary industry in the context of restructuring the tax system,the insurance company can not be achieved on the downstream part of the deductible,the tax neutrality principle,be breach,in addition to economic efficiency but also a certain degree of damage,economic development has been inhibited.This study focused on the insurance industry this year,the camp changed to increase full swing,in the context of the times,,analysis of the actual impact of China's insurance industry tax reform difficulties to integrate theory with practice,qualitative and quantitative,in case company analysis sample,discuss the actual camp changed to increase the tax burden on the insurance industry influence.The insurance industry in order to overcome their industry particularity,whereby tax reform opportunity to fully refined business management,carding business structure,enhance the competitiveness of the industry.