Study On The Pilot Of Substituting The Value-added Tax For Business Tax In Financial Business

The financial industry in our country play an important role in national economicdevelopment, at present our country is on the business tax. Compared with valueadded tax, business tax drawback is more, the serious influence to the development offinancial industry. And VAT tax interlocking, not heavy tax neutral, etc., and waswelcomed by many countries in the world. In our country, during the period of"twelfth five-year",expanding of VAT is a foregone conclusion, finance business taxchange paid VAT is the inevitable requirement of the development of China’s financialindustry, but also to the inevitable trend of its circulation tax reform.Based on the above background, studies our country financial industry sales areof great significance to the change of paid VAT. In this paper, according to the theoryof optimal commodity tax and value-added tax theory for the study of theoreticalbasis, using literature analysis, normative analysis, comparative analysis, from thefollowing aspects were studied.First of all, in this paper, the financial industry business tax changes and theresearch status of paid VAT, at present our country in this field have a multi-angleresearch, the paper reviewed the research results of the problem from three aspects.Secondly, the necessity of financial business tax paid VAT instead analysis, detailedanalysis of the business tax three drawbacks: double taxation, the law of paralleldamage the integrality of VAT chain, cannot achieve complete export tax rebates. Inconcrete performance, the business tax is full of turnover tax, tax on turnover in full,and do not deduct purchases have taxable items of business tax, the tax doubletaxation problem; Business tax, value-added tax law in parallel, not only led to someenterprises VAT input tax deduction problem, destroy the integrity of the deduction ofVAT chain, also increased the difficulty of the tax collection and administration,Business tax can not achieve radical export tax rebates, not conducive to China’sfinancial service, financial products export, weakened the internationalcompetitiveness of China’s financial sector., the advantages of the disadvantages ofthe business tax, value-added tax and business tax to correct the international trend of value-added tax, suggests that change business tax levy value-added tax is the taxsystem of our country’s financial industry circulation reform direction. Again, in viewof the financial industry business tax paid VAT and in maintaining the financialburden of tax basic remain unchanged conditions put forward relevant design,including the design of the taxpayers, tax scope of design, plan tax basis of design, thedesign of tax and other tax elements in design. When establishing plan tax basis, usingthe method of comparative analysis based on the experience of the internationalfinancial industry value added tax is imposed, use the adjusted tax law.Whether from the development point of view, or Angle of the economicdevelopment of our country, the financial industry are necessary to realize thecirculation tax reform. Is to reform, however, there will be resistance and specialfinance industry, have a far-reaching impact for our country’s economy, so thefinancial industry to open VAT could face a bigger challenge. When the change in thefinancial sector to implement the business tax paid VAT to draw on the successfulexperience of other industries change business tax paid VAT, the VAT and studyinginternational finance of successful cases. In addition, but also seriously deal with thereform of local fiscal revenue, value-added tax collection and administrationpermission problems.