The Research On China's Individual Tax Deferred Endowment Insurance Based On EET Mode

On April 2,2018,the ministry of finance issued document "N otice on the Implementation of Individual Tax Deferred Commercial Endowment Insurance Pilot",which will be implemented in Shanghai,Fujian province(including Xiamen)and Suzhou industrial park from May 1,2018,and the duration is tentatively set at one year.At present,China's aging problem is severe,the family pension problem is prominent,and the development of the three pension insurance systems is unbalanced.Therefore,it is of great theoretical and practical significance to study whether the new policy can be smoothly promoted,the possible problems in the policy and how to improve the policy.In this context,this paper,on the basis of reviewing relevant literature at home and abroad and drawing on advanced foreign experience,combines with the latest individual income tax policy in 2019,decomposes China's current individual tax deferred endowment insurance policy from the payment stage,the investment accumulation stage and the pension receiving stage.The model of the tax revenue obtained by the insured in the three stages and the corresponding model in the TEE model were established,and the differences between the two models were compared.Taking Shanghai as an example,set parameters,measuring EET mode current tax incentive effect,EET mode with the TEE tax benefit tax cuts in payment stage and get the phase difference,according to the result of measurement and analysis,found that tax deferred type old-age insurance policy for low-income groups incentive effect is small,the latest policy of personal income tax under the raised threshold,expanding rate is relatively low notch,increase special additional deduction,further narrowed the group get tax cuts,EET mode current incentive effect is larger than the TEE mode.On the basis of summarizing relevant theories and policies,taking Shanghai as an example to build a model to calculate and analyze,and summarizing the development obstacles faced by the current policies,this paper puts forward Suggestions for the improvement of China's current individual tax deferred endowment insurance policy:First,from the perspective of theoretical policy,the future policy reform is prospected.Specifically,it includes the formulation of the preferential tax policy combining EET and TEE,and the TEE model is adopted for the groups whose wage level fails to reach the level of beneficial wage and flexible employment.To adjust the deduction limit and the deduction ratio,we can implement the dynamic adjustment mechanism of the preferential tax deduction limit.Develop tax incentives for different income groups.Second,from the perspective of practical problems,the paper proposes solutions to the current difficulties.Specifically,it includes: extending the influence scope of tax deferred pension insurance;Pay attention to consumer education and professional training;Effective and timely connection with the content of individual income tax reform;We will improve the supervision and management mechanism.