Financing Lease Tax Legal Studies In China

Finance lease,as a new service industries,has a dual nature,”financing”and”meltingobjects”.It can be cost savings for businesses,expand production scale,whilestimulating investment,expand domestic demand and promote the continuousdevelopment of social economy.However,the development of financial leasing has notbeen easy in our imperfect legal system of its tax,seriously hampered the developmentof China’s financial leasing,so we must be properly resolved,otherwise it will affectthe reform process of “B﹠O Tax reforming to VAT”.This artcle discusses the tax law in order question of finance leases,mainlyexplained from the following four parts.The first part of the legal issues of finance lease revenue overview.First,a briefanalysis of the important role of the development of a tax on financial leasing;Then,an overview of the development of China’s financial leasing system;Finally,summedup the biggest problem of finance lease tax law or legal system is a tax on financialleasing property the ill-defined,tax operational level confusion and inadequate taxincentives and support for the development of financial leasing is not enough,at thesame time,for the tax issues facing out country finance leases,also carried out adetailed analysis.The second part of the reason for the legal issues of finance lease revenuegenerated by exploration.Because of these problems are mainly uncoordinated andlack of legal status of the various regimes and is therefore the main part of theanaiysis also proceed from the two most detailed anaysis of China’s financial leasingin the “B﹠O Tax reforming to VAT”before facing question,“B﹠O Tax reforming toVAT”the still existing problems and new problems arising from reason,causing ourattention to the problem of finance lease tax laws in order to fix it.The third part,to learn from foreign experience,looking for new ideas to solve theproblem of finance lease revenue,The main analysis of the UnitedStates,Japan,Britain,Russia and Australia and other countries to promote thedevelopment of financial leasing in the practice of tax-related legal system.From thepractical point of view the countries,which are in the tax law on financial leasing hasmade clear positioning,such ad the implementation of the investment taxcredit,accelerated depreciation and other preferential tax policies,the role of financeleaes popularity SME development,and promote the financial leasing development.The four part to summarizes the ideas and suggestions to solve our financialleasing tax law issues.First,be clear reform ideas,step by step manner,not be soanxious.At the same time,combined with our own actual situation,learn from foreignexperience,put forward a proposal to solve the problem,for our country,the mostimportant attributes of a finance lease is clear and the tax burden,tax incentives tofurther optimize and improve the financial leasing law as soon as possible system,andfurther clarify the “B﹠O Tax reforming to VAT”central authority rent reatructuringto strengthen efforts to support SMEs.