Research On Fiscal And Taxation Policies To Promote The Development Of Pension Service Industry

Nowadays, our country has stepped into the rank of aging population, the growth of aging population is increasing rapidly and population structure is aging rapidly. Meanwhile, due to the continuous decrease of domestic population, traditional supporting function is weakening. From the perspective of government, owing to the continuous aggravation of fiscal burden, country supporting function provided by government is also weakening. At present, the requirements coming from aging population are increasing quickly, and represent the tendency of diversification, the structure of supply and demand in pension service market is not reasonable, current pension services can’t meet the elderly’s requirements. Thus, government should change the way of supplying and encourage more participants to take part in providing services for aging population.Pension service industry has the characteristics of meager profit and commonweal, which determines government can’t let slide and market can’t do independently. Thus the development of pension service industry need multi-cooperation, the government should play the role of supporter and guider, and encourage social subjects to take part in developing pension service industry. First, government should enact relevant laws and regulations, supply policy guidance for pension industry’s development. Second, fiscal and taxation policies ought to play a role in developing aging enterprise. However, the structure of government’s assistance is not reasonable, which is not good for the integrated development in pension industry. Such as fiscal and taxation policies in being between public rest home and private rest home are absolutely different, the private rest home run into trouble and develop slowly, the communities’ infrastructures are not enough. Because of the insufficient supply, unreasonable structure and measures, current fiscal policies have difficulties in motivating social capital’s enthusiasm to invest the pension industry. Insufficient policy supply is becoming the bottleneck, resulting in the lack of multiparticipants in pension service industry. Therefore, Government has the urgent need to reform the fiscal and tax policy if government wants to form multi- participants system, in which government is the leader and social capital widely participate.The theoretical basis of this article divides into theory illustration and functional mechanism analysis, supplying theoretical foundation for the following research. The article analyzes the present situation of aging service industry based on data, making use of the SWOT model, the article clarifies the main internal advantages and disadvantages,external opportunities and threats of the pension service industry. From the macroscopic and microscopic aspects, the article analyzes the main issues of the current fiscal and taxation policies based on data and case. Then, the article introduces national experiences from the perspectives of the development measures done by other countries and the choice in finance and taxation policies. Finally, the article gives improvement measures of fiscal and tax policies for developing pension service industry.