Research On Taxation Policies Of The Whole Life Cycle Of PPP Projects In My Country

Under the background of China's new economic normal,the domestic economic operation is in the stage of “three-phase superposition”,and the economic situation becomes more and more complicated.In recent years,according to the statistics of the National Bureau of Statistics,the growth rate of China's fiscal revenue has been declining year by year.At the same time,with the accelerating urbanization process in China,the growth rate of China's infrastructure investment has shown a volatility.In response to the 2008 financial crisis,China has implemented expansionary fiscal and monetary policies,and local governments have increased infrastructure.Construction investment.Since 2012,China's infrastructure investment growth rate has exceeded the fiscal revenue growth rate.China is facing the contradiction between rising investment demand and economic downturn.It is difficult to meet infrastructure investment demand simply by relying on fiscal revenue.In response to China's rising infrastructure investment demand and economic downturn,local governments have set up urban investment companies by allocating land and equity assets,and established local government financing platforms for financing construction,resulting in high local government debt.In order to alleviate the pressure on local government debt,in September 2014,the State Council issued the “Opinions on Strengthening Local Government Debt Management”(Guo Fa[2014] No.43)to regulate local government debt financing,and at the same time,vigorously promote Government and social capital cooperation model(ie PPP model).Since 2015,the PPP model has been widely promoted nationwide.The PPP model as a new and innovative mechanism has provided a new path for local government financing.In the traditional sense,the government-provided infrastructure and public goods or services have been converted to Provided by government and social capital cooperation.In recent years,the National Development and Reform Commission and the Ministry of Finance have successively issued a series of documents encouraging social capital to participate in infrastructure construction.Through the establishment of PPP funds,PPP award funds and PPP project tax incentives,China's PPP model has developed rapidly,and the number of projects and project scale has also grown at an unprecedented rate.However,due to the late development of China's PPP model,despite the vigorous promotion in recent years,it is still unable to cover up thepractical problems of insufficient practical experience and insufficient development.There is still a low participation rate of civil society and low project landing rate.problem.The reason is not difficult to find that the imperfect tax policy system in the PPP field and the fragmentation and fragmentation of tax regulations are the major reasons hindering the development of the PPP model.How to establish an effective tax policy system to support the development of the PPP model In particular,the construction of a systematic and comprehensive PPP project life cycle tax policy is of great significance to the stable,healthy and rapid development of the PPP project life cycle.