Research On The Preferential Policies On Personal Income Tax For Charitable Donations

Throughout the development history of China’s charity,the blizzard at the beginning of 2008 and the Wenchuan earthquake on May 12 caused a substantial increase in charitable donations in China.The holding of the Beijing Olympic Games stimulated the climax of volunteer service.In addition,the various measures implemented by the government promoted a huge outbreak of charitable donations in 2008 and promoted the new development of charitable donations in China.With the continuous improvement of policies and regulations,the innovation of government social management,the further popularization of public charity awareness,and the increasing media attention,we have experienced the storm of accountability and carried out in-depth reform.The rise of Internet public welfare charity has added new vitality to the development of public welfare charity.China’s public charity has been advancing,and the scale of individual charitable donation is also constantly expand.The government plays an important role in the development of philanthropy in China.One side,it provides an important way for people to donate,but also undertakes the responsibility of continuously guiding the development and innovation of public welfare charity.It encourages citizens,enterprises and other organizations to make social donation and helps those who need help in education and medical treatment.The government promotes the development of public welfare and charity,which is also promoting the effective implementation of government work.The fight against poverty has stimulated the donation of public welfare charity.The donation funds flowing into the field of poverty alleviation are also increasing,providing financial support for poverty alleviation.Since 2008,the government has issued a number of policy documents to support the development of philanthropy from the aspects of income tax preference,the development of charitable organizations and charity bills.Personal income tax preferential policy is an important part of it,which is also the research of this paper.There are five parts in the paper,carrying out the research on the preferential policies of personal income tax for charitable donations gradually.The first part is the introduction,including the reason of doing this research,its significance,and research status at home and abroad,summarizes the main contents and methods,as well as innovation and deficiencies.The second part introduces the relationship and difference between public welfare and charity in various aspects.And then introduces the theoretical basis of tax incentive for individuals to make charitable donation.Finally,it analyzes the mechanism of tax incentive for individuals to make charitable donations from the aspects of the elements of tax deduction policy and the impact of tax deduction on tax rate.The third part is the analysis of personal charitable donations and income tax preferential policies and the impact of the status quo,including personal charitable donations,charitable donations personal income tax preferential policy provisions,and the impact of personal income tax reform on personal charitable donations.The fourth part is an empirical analysis of the influence factors and effects of tax on personal charitable donations,first of all,analyzes the factors affecting personal charitable donations,and then uses the DEA model to prove that the efficiency of tax incentives in different regions is different,and finally points out the policy problems.The fifth part summarizes the personal income tax preferential policies of some foreign countries for charitable donations.After comparative analysis,it draws some enlightenment and provides ideas for improving China’s relevant policies.The sixth part is the suggestion part,it puts forward suggestions from various aspects of the personal income tax preferential policy of charitable donation.