Research On The Tax Law Of Limited Partnership Private Equity Fund In China

The private equity fund,which has developed for more than 20 years in China,has become a major direct financing channel following the indirect financing channels of financial institutions such as Banks and insurance companies.Since the revised partnership law,implemented in 2007,established the legal status of limited partnerships,the limited partnership private equity fund which has become an international development trend is booming in our country.The adjustment function of taxation not only regulates the allocation of resources and investment industry orientation at the macro level,but also influences investors' investment decisions on the micro level.Therefore,how to maximize the investment and tax advantage of private equity fund,which promotes the investment and solves the financing difficulties of small and medium-sized enterprises and high-tech enterprises,is an urgent need to concern in the high-speed development stage.However,the lag and irrationality of the taxation legal system of private equity fund in China has hindered the development of the fund.This is the background of this paper.This paper is based on the legal provisions on VAT,income tax and tax incentives in the operation of the limited partnership PE.It also uses literature analysis,comparative analysis and value analysis to analyze the tax legal problems of limited partnership PE in China from the perspective of tax subject and tax object.On the study of tax law of limited partnership private equity fund in our country,Scholars focus on the study of private equity fund income tax.The comparative analysis is used to analyze the income tax burden of three organizational forms of private equity funds.On this basis,This paper has strengthened the organization and tax characteristics of the limited partnership private equity fund itself.In addition,on the basis of the scholars' research on the income tax system of limited partnership PE,this paper has made a breakthrough in the research of the legal system of VAT in the limited partnership PE after the policy that VAT replaced the business tax.This paper also draws on the experience of American and British tax law of private equity funds.Finally,the paper puts forward some suggestions on perfecting the tax legal system of limited partnership private equity funds in China.Through the study of tax law of limited partnership PE in our country,this article would be aimed at perfecting the tax law of limited partnership private equity fund in our country and at stimulating the development of limited partnership through tax incentives,in order to promote investment and boost the economic development.