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On the reality of inheritance tax

Author: LiuHaiTao From: www.yourpaper.net Posted: 2010-06-21 04:11:07 Read:
papers Keywords: inheritance tax tax tax administration
Abstract: inheritance tax from generation to date, most countries in the world to introduce tax mesh has increasingly become a very popular and highly policies have some social impact taxes, the levy for the perfect China's tax system has a positive meaning. China since the reform and opening-up, economic level rapid increase, the political status of the world economy has entered the list of the major powers, inheritance tax levy imperative.
, the status quo of China's inheritance tax
After the founding of New China, because the national economy is in a recession, so the inheritance tax only as a tax exists, does not levy. In three major tax reform, inheritance tax is not included in the plan today, whether inheritance tax is still the focus of our community argue.
With economic development, national strength and people's living standards improve and the corresponding increase in family assets, whether inheritance tax issues on the differences. The first is the mainstream inheritance tax favorable conditions for the: held the rapid growth of the national economy, the assets held by individuals also will be a substantial increase; rich domestic and international experience to draw; the citizen tax law concept of consciousness constantly enhanced crowd of tax law is constantly expanding; ability to continually improve the collection and management of the Chinese tax authorities; gradual improvement of China's legal system contribute to the levy of estate duty to give a lot of attention and support; countries levy inheritance tax .
Also suggested that the inheritance tax in China has a lot of adverse conditions: China's economy is not very developed, can be levied on the property and the taxpayer is very limited; China has; k! Il property and the property they are very dispersed, talking about inheritance tax too early; many citizens of the income tax law awareness is not strong; China currently does not have a sound system of property registration, property assessment system and the monitoring system of personal income and property; tax authorities are very limited ability to control the tax sources, which will lead to very low cost high; worried Duty may affect the development of the national economy and residents' enthusiasm for investment decline, abnormal consumption and capital outflows; limited capacity of the collection and management of the Chinese tax authorities; worried about the introduction of the high cost of estate tax, less income tax levy; worry about property The tax system is not perfect will affect the imposition of inheritance tax.
Although China's current inheritance tax, can be seen, with great resistance, but we are currently unfavorable conditions individually breakthrough levy of estate duty or just around the corner.
Second, the necessity and feasibility of the inheritance tax analysis
Analyzed from the nature of estate duty, inheritance tax problems can not simply feasible steps to the throne and the necessity, considering the level of economic development, the level of residents' personal income tax system needs and tax collection level factors to determine whether our country A collection of inheritance tax basis and necessity.
I. China's need to levy estate duty
(1) The levy inheritance tax is the objective requirements of economic development in China. The country's economic strength has been continuously enhanced greatly improve the level of residents' personal income, and the substantial growth of the development of the national economy and personal income and a ^ increase in property inheritance tax prerequisite. Only the personal assets of the future will have inheritance tax basis for the existence reaches a certain size.
(2) the introduction of inheritance tax can play a regulatory role in the personal income redistribution. Estate tax would be an effective means of regulation of personal income, through the introduction of inheritance tax, personal income redistribution can not only play a regulatory role, and other income taxes to adjust and can complement each other, complement each other.
(3) the introduction of inheritance tax objective requirements, but also to improve China's tax system and the need for international standards. Inheritance tax as a prevailing international tax, estate duty to play an active role in regulating the distribution of social wealth, alleviating the disparity between the rich and the poor in contradiction to balance the public mental proved in practice. One of the goals of the development of China's tax system is to achieve convergence with the international tax practice, including the establishment of a sound estate tax system.
2. Analysis of the feasibility of the inheritance tax
At present, China's actual situation, the conditions are ripe for our inheritance tax, inheritance tax in our country.
(1) The conditions are ripe for inheritance tax. General measure of a country is in a position to levy inheritance tax, in accordance with the world standards of inheritance tax and gift tax, should be three conditions: First, the level of GDP per capita; Secondly, the degree of development of the level of household savings, if the savings very low level of development inheritance tax and gift tax levy is the actual value; Third, the proportion of high-income groups in the level of savings, measured by one of the bank index, another is the Gini coefficient. To control macro trend of China's economic development conditions in terms of inheritance tax feasibility is mainly reflected in the sustained, rapid and healthy development, the substantial increase in the level of residents' personal income, steady growth in the level of household savings, the rapid formation of high-income groups, income differentiation increase. China's Gini coefficient of 0.432, has gone beyond the international warning line, adjust income is an urgent problem.
(2) the positive significance of the collection of inheritance tax. First, the inheritance tax is part of the property of the rich to the state, for the needs of the community, which helps to balance the distribution of social wealth, and mitigation of social wealth disparity contradiction. China still 28Oo multi-million poor people does not solve the problem of food and clothing, the state should take various means of measures to raise funds for them to overcome their difficulties, and to levy inheritance tax is one of the effective means of. The second is to increase fiscal revenue for the government through the imposition of inheritance tax. From the development trend of China's tax will cost is taxes - two sources of revenue stable with some growth potential. Third, is issuing inheritance tax is conducive to safeguarding the interests of the Chinese government and Chinese citizens in foreign exchanges. Issuing inheritance tax can fill a gap in China's tax system, is conducive to improving China's tax system, and can have a positive social effect.
three levy estate tax system construct
Combination of Chinese and foreign experience in all aspects of the estate tax system, the reality of our country, concise recommendations from our estate tax system.
1. Inheritance tax and gift tax, used in conjunction with each other
From the practice of estate duty abroad, usually take the way with the use of the inheritance tax and gift tax, to make up for the loopholes in the inheritance tax levied process. See from the case of China, for the collection of management needs, taking into account the many citizens' tax consciousness is not strong, it is necessary to levy inheritance tax gift tax. Only an inheritance tax and gift tax, in order to maintain the integrity of the tax system and strict management.
2. The choice of the tax model
Learn from countries (regions) to implement the inheritance tax system, estate tax system has three modes: Inheritance Tax can choose points Inheritance Tax and the mixed inheritance tax system.
From the practical point of view of China, in order to facilitate the collection and management, and taking into account our family of property, heritage allocated more within the family, stable sources of revenue, but hidden, tax authorities control the limited capacity of the actual situation of China's heritage The tax system should be simple, this will help to strengthen the tax control, reducing tax costs, and improve the collection efficiency. Therefore, the reference to the practice of the United States, Britain and other places can be considered a total estate tax system, property heir or legatee as a taxpayer, withholding agent to the executor or heritage management, if there is no executor or administrator of by the heir, legatee directly subject to estate duty.
3. Estate duty tax elements of design
(1) policy objectives. The inheritance tax policy has two objectives. First, financial objectives, namely to obtain government revenue; adjust the goals, namely the redistribution of social wealth. Is a combination of both, or be focused. Proceed from China's actual situation, not possible to obtain a large amount of fiscal revenue in the introduction of the early, even if only as a supplementary taxes to estate duty relatively sound. It can be seen that China's policy objectives should be mainly reflected in the tax regulation by strengthening the tax function to re-adjust income distribution, estate duty is just to play the role - given.
(2) the tax base and the tax rate is set. Embodies the principle of reasonable burden of taxation and to achieve the necessary adjustment efforts, the tax base and the tax rate of estate duty tax basis and tax rate table should be the rational design of the tax base, taxable inheritance tax should, to the extent possible, including heir of the levy and worth imposed real or personal, the decedent daily necessities can not be included in taxable gross estate. Take into account the different circumstances of the taxpayer, in order to make more reasonable tax burden of estate duty, no uniform threshold or exemption amount taken by the provisions of the deductions and the deduction limit for certain provisions. Between the value of intangible assets, and some of the special nature of the physical property requirements heir, donee in inheritance, accepted the donation, the tax may be some difficulties, but also should provide the proper approach, when necessary, can be in-kind tax. In the tax rate, in order to reflect the amount of pay principle, to achieve the purpose of adjusting the enormous wealth, can consider the actual situation of the implementation of the multi-level progressive rates, the highest marginal tax rate of no more than 5O.
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