Tax Analysis Of China Real Estate Investment Trusts Fund

Under the current state policy regulation and tight financing channels,the emergence of real estate investment trusts(REITs)brings a new understanding to China's capital market and broadens the thinking of Chinese financial market.Although the real estate investment trusts(REITs)in the international market is already a very mature product,but is still a new financial tool in Chinese market,at present domestic basic conditions related legal laws and policies,tax and other aspects of the conditions can not meet the development environment of the real estate investment trusts(REITs),how to create a development environment is becoming the focus of attention of the industry.Through the research on one of the factors of the development environment-tax,This paper is mainly in order to solve the problem which our country's current existing tax system and real estate investment trusts(REITs)does not match,and to break the barrier of the development of real estate investment trusts(REITs)in our country from the perspective of the tax settlement.This study is mainly through the research of the basic situation and structure characteristics of the real estate investment trust fund(REITs),combined with the tax theory(trust conduit theory and trust entity theory)of real estate investment trust fund(REITs)in foreign mature market,as well as the preferential tax policy,put forward China's tax status of the real estate investment trusts(REITs)which includes a series of problems: tax loss,double taxation,tax burden.At the same time put forward the China market existing class of real estate investment trusts(REITs)product structure analysis,how real estate investment trusts(REITs)is using our existing tax policy to avoid tax,and study the tax problems under existing structuresAiming at the existing problems of tax,suggestions for improvement this paper are tightly around the actual situation in our country,taking into account that foreign experience cannot be completely copied,aiming at real estate investment trusts(REITs)that have been on the market,propose tax proposals and put forward suggestions for improvement,first is to recommend for improvement through a decomposition of tax of each link tax,second is combined with China's policies,put forward national policies to encourage the introduction of preferential direction related tax policy,third is center on the thought of "set experimental unit and adcance at the same time",propose the possible direction of development and tax policy of real estate investment trust(REITs).