Study On The Tax System Problems Of Securities Market

The securities tax system in China is not only such a single function as a means to increase revenue, at the same time it can allocate capital in the market, make macroeconomic regulation to stabilize the stock market for the country and other aspects it also play an important role. Especially with the development of the stock market, some problems of securities tax system in China has gradually appeared. Through the improvement of securities tax system it not only can construct a reasonable and effective mechanism but also prevent and defuse financial risks. To support the development of the stability of the securities market it has a positive significance. Specialized research about securities tax system to improve is in various types of publications,with the current system of countries to analyze and propose improvement strategies, but generally focus on the single aspects such as tax type, tax rate. The systematical study with model to analyze and evaluate is rare.This article through the analysis of the economic environment of China’s securities market and the structure of the securities market, in the related theoretical concept and under the guidance of tax regulations, implementing rules, summarizes the tax regulation function of stock market, puts forward the existing tax system in our stock market, for example:The tax is lack of system integrity;Trading tax burden is heavy;It’s Difficult to meet the demand of the government macroeconomic regulation and control;The current system is of planning problems; Repeated tax exists. Using analytic hierarchy process of the securities market makes an analysis of the influence factors of the tax system, by constructing judgment matrix and such as consistency check finally verify these factors and get the impact of primary and secondary relations.Based on the research above, in the last chapter of this article,in older to realize the healthy and stable development of securities market, it gives advice, includes perfecting the securities tax system; making income tax better;eliminate double taxation;collecting legacy tax;financial institutions for securities transactions can be exempted from business tax;the tax rate differences, optimization the market structure, curb excessive speculation;offering a discount for insurance funds and other welfare funds;the capital market innovation and business support.