Research On Tax Policy Of Corporate Asset-backed Securitization

As a new type of financial instrument,asset-backed securitization is widely welcomed by the public.With the increase of investors' enthusiasm for investment of financial commodity in recent years,the market makes the emergence of new business model and product structure of asset-backed securitization.Because of the rapid development of asset-backed securitization,it cannot catch up with the pace of development of asset-backed securitization even if China is actively improving the structure of taxation system.The absence of tax policy has become the obstacle of the development of asset-backed securitization.It is very important to formulate tax policy for asset-backed securitization.In addition,as one of the main models of asset-backed securitization,the tax policy of credit asset-backed securitization has been standardized.Therefore,this paper will focus on the tax-related issues of enterprise asset-backed securitization.Firstly,this paper makes a detailed analysis of the current tax policies and regulations about enterprise asset-backed securitization in different aspects,and concludes that there is a lack of tax policies on enterprise asset securitization,and there are many problems according to the current general tax policies.The tax policy of the traditional industry can not completely solve the problem of asset-backed securitization due to the lack of tax policy.It is necessary to redefine the tax policy about asset-backed securitization.Then the article analyzes the problems and the solution of asset-backed securitization in practice through a case about the Dong Zheng asset management-Alibaba special asset management plan.The last,this article provides a new tax policy to solve the problems of each part of asset-backed securitization with the principle of fair and reasonable and anti-tax avoidance,and hope to consummate asset securities tax policy system,and promote the stable development of asset-backed securitization in our country.