Research On The Tax Preferential Policy On China's Individual Tax Delayed Commercial Pension Insurance

With the development of social economy and the gradual improvement of medical level,people's average life expectancy is increasing,the population structure of our country is becoming more and more aging,the pressure of social pension is increasing,and people's demand for pension security is increasing.In this context,five ministries,such as the State Insurance Regulatory Bureau and the Ministry of Finance,jointly launched the pilot scheme of personal tax deferred commercial endowment insurance in May 2018.The pilot scheme of personal tax deferred commercial endowment insurance in Shanghai,Fujian and Jiangsu Suzhou Industrial Park(hereinafter referred to as the Shanghai pilot)aims to promote the development of the third pillar of commercial endowment insurance and improve China's multi-level multi-level endowment insurance.Secondary old-age security system.This paper can be divided into six chapters:The first chapter is the introduction,which introduces the background and significance of the article,and analyses the necessity of implementing a tax deferred commercial endowment insurance in China.At the same time,it summarizes the previous research on tax-deferred endowment insurance,introduces the research contents and research methods of this paper,and expounds the possible innovation points and the deficiencies of the full text.The second chapter is the basic theoretical analysis of tax deferred commercial pension insurance.This part first elaborates the core concepts of tax deferred commercial pension insurance,pension replacement rate and government tax cost.Then it introduces the tax preferential model of tax deferred pension insurance.Finally,it introduces the four theoretical bases of this paper: life cycle theory,"three pillars theory",quasi-public goods theory and tax economic effect theory.The third chapter introduces the experience of other countries in developing the tax preferential policy of deferred commercial endowment insurance.This part first analyses the development trend of tax-deferred old-age insurance tax preferential policy in the world,then focuses on IRA of American individual retirement account and RRSP of Canada.Finally,it summarizes the design and development of taxdeferred old-age insurance tax preferential policy in other countries.The Chapter four analyses the situation of deferred individual tax commercial pension insurance in China.This part first introduces the background of the development of tax deferred commercial endowment insurance in China,then introduces the pilot situation of tax deferred endowment insurance in China,compares the similarities and differences between Shanghai pilot and Tianjin pilot tax preferential policies,then analyses the implementation effect of Tianjin pilot and Shanghai pilot tax deferred endowment insurance,and expounds the effect of tax reform on tax deferred endowment insurance preferential policies.The fifth chapter is an empirical analysis of the impact of tax preference policy on tax deferred commercial endowment insurance.This part first constructs the substitution rate model and the net present value model of government tax cost.Based on the current preferential tax policy and the specific data of Shanghai,it compares the substitution rate levels of insured persons of different income levels,different ages and different genders before and after the tax reform,and calculates the government tax cost.The results show that under the current preferential tax policy,the replacement rate of insured persons after individual tax reform is lower than that before the individual tax reform.Finally,the sensitivity analysis of the tax preference quota is carried out.Based on the model constructed in this chapter,the substitution rate of insured persons and the calculation results of government tax cost under different tax preference quotas are analyzed.Chapter six is the summary and policy recommendations of the full text.This section first summarizes the conclusions of this study,and then based on the results of the study,puts forward short-term and long-term policy implementation recommendations.