Research On The Impact Of Personal Income Tax Policy On The Demand Of Commercial Pension Insurance

Since the beginning of the 21 st century,China has entered an aging society.The issue of old-age care has become one of the major problems in our society.The existing basic old-age security measures have been unable to meet the urgent needs of the people,and stimulate the consumer demand for commercial pension insurance.Giving full play to the complementary role of its "third pillar" has become an important issue in building an old-age security system.The preferential tax deferral policy for commercial pension insurance is one of the best ways to promote the development of commercial pension insurance and to stimulate consumer demand.In May 2018,pilots of tax extension pension insurance were implemented in some areas of China,and the pace of establishing a tax incentive model for commercial pension insurance was taken.Although the pilot has been launched,the extent to which the specific tax incentives are and to what extent is not known.Therefore,it is of great practical significance to study the impact of tax incentives on consumer demand for consumer pension insurance.The paper is divided into five parts.The first part is the introduction.This part mainly introduces the research background and significance of this paper,and describes the research results,research methods and main contents of this paper.The second part mainly introduces the basic principle of the impact of commercial pension insurance on consumers' pension demand.Firstly,starting from the definition of commercial pension insurance,then the economic theory related to tax-deferred commercial pension insurance is explained.Finally,the mechanism of the impact of commercial pension insurance on consumer demand is briefly described.The third part mainly introduces the practice of domestic commercial pension insurance tax incentive policies.The domestic part first introduced the domestic two-tax extended pension insurance pilot,and it analyzes the main reasons that the tax incentive policy of Tianjin pilot has little impact on consumers' commercial pension insurance demand,and forecasts the impact of the 2018 pilot policy on consumer pension insurance demand.The fourth part introduces the micro-positive analysis of the tax incentive model of commercial pension insurance.Firstly,the questionnaire was used to analyze the incentive effect of the Shanghai tax extension policy in the pilot area,and then the actual impact of personal income tax was calculated according to the current personal income tax policy and the specific tax extension policy of commercial pension insurance.Finally,combined with the sample analysis of the questionnaire and the specific calculation,the problem of the tax incentive policy of the pilot commercial pension insurance in China is found from the empirical results.The fifth part combines the above theoretical and empirical analysis,starting from the principle of fairness,efficiency and policy incentives,and puts forward suggestions for optimizing taxation policies and improving supporting facilities.The characteristics of this paper are research data and research methods.The research data is the first-hand data of the implementation effect of the tax-deferred commercial pension insurance directly obtained through the questionnaire survey method.Since the pilot has just begun,the official data has not yet been presented,and most of the domestic research only stays on the theoretical calculation of the EET model,and the actual data is not analyzed and analyzed.Therefore,the data of this paper is more time-sensitive.In terms of research methods,this paper combines the practice survey with the accurate calculation of personal income tax impact.Firstly,the questionnaire survey method is used to find that the tax extension policy has different impacts on different groups of people.The personal income tax is used to accurately calculate the specific tax reduction effect of the tax extension policy for different income groups.The different tax reduction effects are used to demonstrate that the tax extension policy has different impacts on the demand of different income groups.