Research On Tax Policy Of Commercial Pension Insurance Of Our Country

According to the United Nations Division of the degree of aging population standards, it means that the country has entered the aging society when a country’s 65 years and older population of the total population is more than 7%.According to 2014 statistical yearbook data, it shows that by the end of 2013,the number of 65 years old and above population is 131.61 million in our country, accounting for 9.7%.Forecast data shows that by 2050,the number of Chinese elderly population will reach 437 million, the proportion of the elderly population will be 31.2% of the total population. This shows that our country has the trend of being the most serious country in the aging population to overtake Japan. Under the trend of population aging and population dependency ratio, the problem of the aging population is becoming more and more serious.With the development of economy and society, the structure of the old people’s pension need and the concept of the old age have also changed.. Before the function of "land of the old" and "family pension" has been weakened. In theory, when the family members are unable to fulfill the duty of care, the formal care system provided by the government and the society is responsible for the lack of family care function. In fact, the development of our country’s current basic pension insurance and enterprise annuity-occupational pension are met with many challenges. On the one hand, these problems are creating space for the development of commercial endowment insurance as the third pillar; on the other hand, it shows that we need to develop the commercial endowment insurance vigorously. Especially with the change of the concept of people endowment and the cultural background of more and more attention to self endowment of ideological, through using tax policies to promote individuals for the purchase of commercial endowment insurance, promoting the development of commercial endowment insurance, it is conducive to solve the basic and higher level pension problems of aging population, to reduce or even eliminate the dilemma of the poverty due to illness, to improve and optimize our country’s endowment insurance system.Based on the current people and the government to pay attention to the problem of commercial pension insurance, this paper tries to analyze the existing problems of the TEE tax model of Chinese commercial endowment insurance from the perspective of payment, accumulation and collection. On the basis of summarizing the experience of international experience and standing on the basis of previous research results, this study proposes the viewpoint of adopting the EET tax model and the corresponding solutions, in order to achieve the purpose of encouraging people to buy commercial endowment insurance through tax incentives, to solve the problem of population aging.This paper consists of five parts, the structure is as follows:Part 1:Introduction. This part mainly introduces the background, significance, research status, research contents, methods, innovation points and deficiencies of Chinese commercial endowment insurance.Part 2:The theoretical analysis of the tax policy of the commercial endowment insurance. In this part, we first define and analyze the necessity of the commercial endowment insurance. Then, the impact of tax policy on the needs of the commercial pension insurance is analyzed with the economic theory.Part 3:The analysis of the current tax policy of Chinese commercial endowment insurance. This part mainly consists of two parts:the main contents and the existing problems of Chinese current commercial endowment insurance tax policy. Through the elaboration of the current situation of the insurance companies and individual tax policy in our country, the paper tries to analyze the shortcomings of the three stages from the perspective of payment, accumulation and collection.Part 4:The international reference of the tax policy of the business. This part analyzes the characteristics and effects of the tax policy of the commercial endowment insurance in USA, Canada, UK and Germany. It is good for us to learn and reference.Part 5:The recommendations of improving the tax policy of our country’s commercial endowment insurance.This part mainly puts forward the corresponding solutions to the problems raised by the third part. Through changing the TEE tax model to EET and putting forward relevant countermeasures, it is conducive to promote the individual to purchase the commercial endowment insurance, to promote the development of commercial pension insurance, to solve the problem of the aging of the population’s pension.The main innovation of this paper is that the research object selected is more specific, rather than the third pillars of the whole pension system; using data to analysis the TEE tax model more convincing; trying to analyze the shortcomings of the three stages from the perspective of payment, accumulation and collection and putting forward the specific suggestions. The problem is that because the direct data of commercial endowment insurance is difficult to obtain, the effect of tax policy can not be directly analyzed by establishing data model in the study; this paper’s research is draw on the results of previous empirical study, the tax preference and the degree are not given in detail, the degree of specific incentives needs to be improved when the level of research is improved.