Research On The Income Tax Of Urban Underground Utility Tunnel In PPP Project

At present,China makes many efforts to promote the construction of urban underground utility tunnel.However,due to high constr uction costs,long payback period and lim ited market incentives,there is insufficient supply of construction program.PPP is one of the most promoted and widely applied operation and construction method of urban underground utility tunnel in C hina in recent year s,which can attract m ore social capital to invest in the construction phase,decrease cost of operation ph ase and cut total cost of supply.Meanwhile,PPP can help governm ent exercise regulatory right,which will increase the program quality and finally improve residents life condition.What should be paid atten tion to is that,th e promotion of urban underground utility tunnel by PPP cannot survive without the support of income tax policy.There are a lot of organizations which connect utility tunnel,such as broadcast TV tunne l network unit,water supply tunnel network unit,drainage tunnel network unit and power supply tunnel network unit,thus the incom e of construction are pa id by various payers.In som e programs,the income of construction can totally cover the cost,and there are also som e programs in which there is no income at all.There exis ts difference in terms of income tax.In traditional mode,the construction is completely accomplished and managed by the government and the income also belongs to the government;in PPP mode,construction is combined with operation,social capital needs to recover cost of con struction with income of operation.For the reason that there are many kinds of income with different nonprofit degree,if the tax burden is too heavy,it will eventually be passed on to the government.Hence,we need to ues cluster analysis to classify different sources of income.This paper sets relevant indexes and sends questionnaires to 30 people who engage in utility tunnel related work based on lite rature research and utlilizes clu ster analysis to categorize tunnel network unit acco rding to the s ource of incom e.Then the research uses expert evaluating m ethod to analyze factors which influences incom e tax,de signs and manipulates income tax policy according to di fferent income sources combining existing tax policy and policy related to urban underground utility tunnel in PPP mode.The paper introduces incom e sources m ethod to categorize the incom e of urban underground utility tunnel and m akes calculation on income tax.The research also analyzes the related path in which the urban undergrou nd utility tunnel program tax is influenced in PPP mode.In total,the research supplys refe rence and support for in come tax generated by encouraging social capital to participate m ore in urban underground utility tunnel program in PPP mode.