Study On The Tax System Of Controlled Foreign Company

The Controlled Foreign Company tax system is an anti-deferral measure designed to prevent resident company from delaying tax liability by misuse the tax heavens,It was firstly enacted in 1962 in America,and more than 30 countries have implemented these tax system.For China,CFC tax system still remains in framework and principled level since the adoption in 2008.In future,under the strategy of the “One Belt and One Road”,it is important to improve our CFC tax system to prompt international competitiveness of our companies and reduce risks of tax avoidance at the same time.This thesis comparatively studies the CFC tax system by analyzing,comparing,and summarizing,and puts forward suggestions on how to improve our CFC tax system by learning the experience from other countries.This text is divided into five parts:The first part is the introduction,elaborating the background and significance of the study,summarizing the domestic and foreign research,introducing the contents and methods of this study.The second part introduces some basic conception,backgrounds and the theoretical basis of CFC tax system.The third part analyzes the CFC tax system of china and find out its faults,some good advice arising from the final reports of BEPS have been considered.The fourth part makes a Comprehensive comparative analysis on the CFC tax system of seven typical countries,especially of The USA,The UK and The New Zealand,to provide some useful advice for our own CFC tax system.The last part gives some suggestions to improve our CFC tax system in two ways.on the one hand,strengthening the international cooperation,on the other hand,improving the internal legislation.