The Research Of China's Venture Capital Tax Preferential Legal System

Venture capital since its inception, whose roles of promoting industrial structure restructuring and upgrading ,the development of high-tech industries and raising national economic strength have becoming increasingly prominent ,has increasingly the attention of States, and the venture capital industry shows booming trend. From the United States and other countries'venture capital practice, tax preferential policy has always been in the forefront of promoting venture capital and high-tech development. China's venture capital industry has a rapid development , but a late start, and compared with other developed countries, there are many deficiencies, especially in the tax preferential legal systems of venture capital: the tax legislation of venture capital lags ,the level of legislation is low , the supporting system of tax legislation is imperfect, tax preferential way is unscientific, tax preferential objects is narrow, tax structure is irrational, tax preferential role is limited, and lack of tax incentive system for the venture capital talent. Therefore, on the basis of basing on China's basic national conditions, subjecting to national macroeconomic policies and following tax legislation principles, it is very necessary to establish and perfect the tax legal system and tax collection system of China's venture capital, to improve and standardize the tax preferential measures of venture capital, and to improve the income tax and turnover tax system in China. Meanwhile, China's venture capital tax preferential policy should have prospective, phased, purposeful, and concrete. In addition, because of the more mature venture capital industry and a relatively complete legal system of tax preference in the United States, Britain, Japan and other countries, so, to develop and improve the venture capital tax preferential policy of China, investigating the present tax legislation situation of the United States, Britain, Japan and other countries'venture capital industry and learning its advanced places have considerable practical significance.