A Study On Individual Income Tax In China's Equity Transfer

With public entrepreneurship,innovation is sweeping the country,innovation has become the mainstream of social and economic development,the current increasingly complex capital market has become increasingly active,market investment.Among them,the individual equity transfer behavior is also increasing,through the equity transfer to achieve direct investment business entities,or through the stock trading and investment listed companies continue to emerge.According to the relevant provisions of the current personal income tax law of our country,The personal income tax shall be levied according to law on the income from the transfer of other individual shares,except for personal income tax,which shall be exempted from the personal gains from the stocks obtained from the public issuance and transfer of the domestic listed companies.Nevertheless,there are still some problems in the system of personal equity tax,It is not only resulted in a large loss of state taxes,but also does not help to play a personal income tax regulation of income distribution,and promote social equity functions.Therefore,the issues related to personal income tax on equity transfer,combined with the development characteristics and the direction of the capital market,to explore a more perfect legal system,the reality and the future development of the combination,it is particularly important.This is also an important topic of the current tax authorities.Firstly,this paper analyzes the concept,characteristics and functions of individual income tax.Because of the unique nature of the equity transfer,the transfer of personal income tax levy there is a big difficulty to the tax authorities.In order to ensure the fairness of tax,the adjustment function of the individual income tax is played,the research on the equity transfer is unceasingly thorough,and a series of individual income tax collection and management policies of the equity transfer have been introduced,which has achieved certain results.However,with the continuous changes in the current market environment and capital operation become more complex,the problems of equity transfer of personal income tax have become increasingly prominent,such as equity transfer income approved to operate,equity transfer price is difficult,the lack of special tax treatment,profit compensation agreement on gambling or fuzzy collection.Therefore,this paper analyzes some typical cases of personal income tax levying,discusses the means of operation and the procedure of collection and management,and provides some reference for the collection of personal income tax.Finally,in view of the related problems of the transfer of personal income tax,the two angles of legislation and law enforcement are put forward.It is necessary to further clarify the determination of equity transfer income,the justification of the content,improve the effectiveness of equity transfer agreement,but also to speed up the pace of tax information collection and management,strengthen the equity transfer of information management,improve the degree of tax compliance.