Research On The Preferential Income Tax System Of Charitable Trust In China

Since the establishment of the charitable trust system in the Charity Law,China's charitable trust has experienced four years of development.By virtue of its powerful hematopoietic function,charitable trust aggregates social charitable resources,utilizes its own professional financial operation,and continuously exports charitable resources,thus setting a good example for the sustainable development of China's charitable undertakings.However,contrary to the expectations of legislators of the Charity Law,the development process of charitable trusts is relatively slow,failing to exert its due social effects.This article appears to be an important reason for the absence of the preferential income tax system.Charitable trust and public welfare donation both pursue the goal of public welfare as their value,but they are not equal in enjoying the preferential income tax,which makes the donor prefer public welfare donation based on the nature of pursuing good.The institutional advantage of charitable trust over public welfare donation has not been translated into the development power of charity economy.This article starts with the theoretical support of the charity trust income tax preferential system,analyzes the current status of China's charitable trust income tax preferential system,and then analyzes China's charitable trust income tax preferential legal system is not perfect,charitable trust income tax preferential regulations are not clear,andcharitable trust income tax preferential Problems such as imperfect application procedures.In view of these problems,this paper studies and analyzes the preferential income tax system of charitable trust in the United Kingdom,the United States,Japan and China's Taiwan region,investigates and compares the mature experience of various countries and regions,and summarizes the parts for reference Specifically,first of all,the legal system of income tax preference for charitable trusts should be improved,and the legal status of income tax preference for charitable trusts should be clarified.Secondly,the specific provisions on income tax preference for charitable trusts in the three stages of establishment,survival,and termination should be detailed so as to provide a basis for the application of the law by the tax authorities.Finally,the application procedures for the charity trust income tax preference should also be improved: first,the subject of qualification recognition of the charity trust income tax preference should be clarified;second,the charitable trust income tax preference should be classified as an approved tax reduction and exemption,and the declaration and implementation rules of the approved tax reduction and exemption should be applied;The third is to give qualified charitable trust trustees the qualification of issuing public donation bills.To sum up,it is expected to contribute to the construction of the charitable trust income tax preferential system.