Analysis Of The Tax Deferral Effect Of China's Commercial Pension Insurance And Tax Policy Research

In the background of continuous acceleration of China's population aging process and the faultiness of the old-age security system,we should encourage the development of commercial endowment insurance and develop its complementary role as the third pillar.Now China's tax system is not mature,especially,the lack of the corresponding preferential policies of the commercial endowment insurance will lead to the slow development and mute enthusiasm of the commercial endowment insurance.From a certain perspective,when there is tax law,there is appropriate pension,and certain preferential tax policies is crucial to the development of commercial endowment insurance,further,it's a key of choice of system model to making use of the tax leverage to adjust three-pillar pension 's wane and wax,and it's hard to replace.It has a profound significance on family welfare and national stability to apply tax preferential policies to regulate the development of commercial pension insurance.This article mainly discussed the tax preference mode's choice of commercial endowment insurance,and took advantage of the model simulation to estimate the tax expenditure,personal benefits and replacement rate of commercial tax-deferred pension insurance,eventually it put forward relevant policy suggestions for the perfection of China's commercial endowment insurance tax policy.It contains five parts,the main structure is:The first part: Introduction.This part mainly introduces the context and significance of the commercial endowment insurance development in our country and preferential tax policy research,and discuss the current research situation at home and abroad,also this paper present the thought,main contents,the innovation and deficiency.The second part: In theory,the preferential tax policy has a certain incentive effect on the purchase of commercial endowment insurance and has a tax or taxexemption in accordance with three tax related links,and it provide the six kinds of tax mode what the preferential tax policy's mechanism was described in detail,finally a preliminary conclusion was drawn that the deferred tax policy is the most appropriate taxation mode of commercial endowment insurance development in our country.The third part: The paper expounds the meaning of "three pillars" old-age security in our country and the present situation of each pillar tax mode,and after the analysis and comparison,this paper points out that there exist problems on the third-pillar commercial endowment insurance tax system.The fourth part: The tax expenditure model and replacement rate model are established on the basis of the actuarial theory and the tax expenditure theory,and the impact on financial tax expenditure and personal income was analyzed by numerical simulation after the implementation of tax deferred model of commercial endowment insurance.The measuring results show that lower deferred tax can make commercial endowment insurance to achieve a higher level of replacement rate,and the tax expenditure brings a smaller effect on the government finance.The fifth part: It provides the corresponding tax policy recommendations for the development of commercial endowment insurance in China through combining the above mentioned problem of commercial endowment insurance tax policy in our country with the conclusion of the empirical part.It Mainly includes: more attention should be paid to this part by policy makers;the preferential tax policy should be implemented as soon as possible;specific preferential rules should be refined as far as possible when making policy;perfecting relevant laws and we should institutionally ensure that the policy of tax-deferred will be carried out successfully;implementing the tax-deferred commercial endowment insurance,and making reasonable selection of pilot areas,and gradually extending to the whole country;standardizing the whole industry control and increasing the propaganda of commercial endowment insurance,at the same time,encouraging innovation and development of insurance industry,etc.In this paper,we use the combination of qualitative and quantitative research methods and It comes to the conclusion that the tax-deferred policy is the mostsuitable for commercial endowment insurance development in our country by comparison and analysis,at the same time,we know that,on the basis of actuarial theory,the tax expenditures and replacement rate effect have certain innovative character through the empirical analysis.However,after the implementation of the tax-deferred commercial pension insurance,it's the short of this article that how much the specific purchase crowd will account for the proportion of the total population has not been analyzed in depth.We will make constant improvement after enhancing the research level.