Research On Tax Incentives For Donations

In recent years, with China's rapid development of economy, the people's living standard has greatly improved. At the same time, a series of social problems is arising, such as a widening gap between rich and poor, increasing difficulties groups, imbalance between regions. People began to pay more attention to the functions of philanthropy in the public domain. However, China's philanthropy is still in its infancy, charitable donations are under-resourced. How to promote charitable donations in government and society is in general concerns.From the practice of various countries, tax policies on the development of philanthropy has some stimulating effects. However, our current tax policy has been lagging behind the need for the further development of philanthropy. Therefore, the study for various charities tax policies related to the development is very significance.The scope of the tax policy of Charitable donations includ two parts:the tax policies of donors and the tax policies of recipient. Here we only study on the donor's tax issues. In this paper, through a questionnaire survey, I summarized the incentives tax of charitable giving of China to analyze its shortcomings, the main less than as follows: (1)the current income tax system is flawed and donations; (2) turnover tax relief on charitable donations are too poor; (3) in the property tax and behavior tax, the existing taxes defects and deficiencies; (4) the existing tax incentives mismanagement, tax-exempt charitable donations program is cumbersome; (5)charitable donation tax credits publicity are weak publicitied. By drawing on the United States, Japan and other developed countries, the experience of a complete set of Chinese society, the idea of optimization of tax incentives to donate:(1)to perfect income tax system about charitable donations; (2)to set the terms to relief the tax of charitable donations in turnover tax;(3)introduct heritage tax and gift tax to the promot charitable donations; (4)uniform donation invoices and simplify the program of tax relief;(5)strengthen the publicity of tax preferential policy for donation.