Research On Chinese Financial Derivatives’ Taxation

Since the 1990 s, the financial derivatives market in China has experienced the process from scratch.After the global financial crisis in 2008, the Chinese government is actively promoting the development of financial derivatives market.In recent years, under the market demand driven and the government’s actively promoting, our country’s financial derivatives developed increasingly rich varieties and the volume is also growing.However, compared with the steady development of the market, the current tax system lacks a general and clear specification towards the financial derivatives.The related tax system is obviously lag behind the development of the market.First of all, based on the normative research to below three aspects, which are the relationship between taxation and financial derivatives market, the impact on the market due to lack of tax system, the positive influence to the development of the market via building relevant taxation, demonstrates that "why build financial derivatives tax system".Secondly, through listing the existing tax system and financial derivatives’ related regulations, clarify the abuses and problems on existing tax system.Again, through the in-depth study of some overseas tax system to providing reference for our country’s building of financial derivatives’ taxation.Finally, in view of the problem of existing tax system on financial derivatives, this paper proposes a concrete scheme to building the tax system on financial derivatives in our country.This article’s innovation place:(1) In the construction of financial derivatives’ tax system method, this paper uses the combination of “the principled” and “product tax”.First for all,set a lower standard towards financial derivatives as principled tax system.And then on this basis, develop more specific tax regulation to the well-developed financial derivative as supplement.(2) In the construction of the tax system of financial derivatives, the taxation mode use the direct taxation as the main body.And this paper suggest that the capital gains and financial transactions’ taxation should be newly added, and put the capital gains’ taxation as the main tax.Finally, I sincerely hope that this paper can contribute to the final construction of our country’s financial derivatives’ taxation.