A Research On The Policy Of The Merger And Reorganization Of Natural Persons

Since 2013,the capital market merger and reorganization of the capital market,as well as the performance of the listed companies after mergers and acquisitions to reverse,attracted more and more market participants to participate in it,there are many natural shareholders.However,compared with corporate enterprises,natural persons have been virtually ignoring cost aggregation,the proportion of cash payment in the transaction scheme is small,many factors eventually led to the failure of most natural persons in non-monetary assets held by them.This paper uses case studies,comparative analysis and other research methods.First of all,combined with domestic and foreign scholars' research results,we affirm the positive or negative impact of tax policy on M&A transactions,and settle the institutional foundation for policy research in the future.Secondly,it introduces the main theories and principles of the natural person merger and reorganization income tax system design,so as to guide the policy recommendations.Then,based on the current tax policy of China,focuses on the case of the takeover of Jiangsu by China's central government,and shows the heavier tax burden on the merger and reorganization of the natural person shareholders.We found that the current natural people are faced with the following problems in the merger and reorganization transactions:one,the lack of cohesion between individual income tax and enterprise income tax policy,the significant difference in tax treatment between natural and corporate shareholders in the same merger and reorganization transaction;two,preposed the confirmation of the time point of non monetary investment,and three,deferred tax period is short and fixed.In order to build a more reasonable tax environment for the shareholders of natural people,the following three suggestions are put forward:firstly,to improve the individual income tax system based on merger and reorganization.Secondly,reasonably determine the point of tax payment,and at the same time take the idea of unscheduled deferral as the train of thought,and fully consider the tax paying ability of natural persons.Thirdly,build a comprehensive platform for tax information,optimize the current collection and management of personal income tax in the process of improving the collection and management technology.