Research On The Value-added Tax Of Asset Management Products In My Country From The Perspective Of Tax Neutral

Since 2016,my country began to reform and increase business tax.In order to complete the industry-wide value-added tax deduction chain,the asset management industry was finally included in the scope of value-added tax.Since it was not levied business tax in the business tax era,how to design its VAT taxation rules has always attracted attention.Especially in this era of constant accumulation of personal wealth,the financial industry has a very important position.Asset management products are an important part of it.Value-added tax rules not only affect corporate tax burdens,but also greatly affect whether the market economy can be stable and prosperous.Land development.The first part of this article puts forward the question to be discussed in this article.In the value-added tax document on asset management products jointly issued by the Ministry of Finance and the State Administration of Taxation,the manager assumes the tax liability.Does the simple taxation model conform to the principle of tax neutrality?Really realize the taxation of the value-added in the circulation of asset management products.The second part defines the concept of asset management products and their managers,provides a basis and boundary for the following analysis,and then sorts out the relevant regulations from the business tax era to the value-added tax era in order to grasp the context of the development of value-added tax reform from the macro level.It can also clarify the ideas and reasons behind the design of the value-added tax system.At the same time,a simple review of the relevant literature has been done to provide a theoretical basis for the following argument.The third part questions certain regulations of the current asset management industry.For example,the use of asset management product managers as value-added tax payers not only conflicts with the upper law,but also violates the principle of tax neutrality,which will inevitably lead to value-added tax deductions.Problems such as broken chains,violations of the independence of asset management and property,double taxation,and confusion in tax declarations.Moreover,the simplified tax calculation model is adopted,which seems to reduce the tax burden by reducing the tax rate,but the value-added tax amount under the simplified tax calculation cannot be deducted,and is excluded from the deduction chain,and the tax burden is completely borne by the administrator,Also violates the original design principle of value-added tax.The fourth part is about the problems that may exist after the relevant provisions of the regulatory documents for the above-mentioned asset management products are released.The regulatory authorities should also be aware of and anticipate the practical problems that they will bring.However,the above-mentioned provisions are still made.What is behind it? Trade-offs and considerations.I think there are two reasons.On the one hand,due to the diversity and innovation of asset management products,it is difficult to calculate the value-added tax.However,in order for the value-added tax to be circulated and transferred across the industry,the simplified tax calculation is temporarily used as a last resort.the way.On the other hand,due to the efficiency and convenience of collection and management,tax itself is for fair distribution.However,if the cost of collection and management is too high,not only will the gains outweigh the losses,but also the meaning of taxation itself will be lost.Therefore,the author believes that these regulations are only temporary excesses.The reforms will also continue.The fifth part analyzes the reasons and problems existing in the VAT levy of asset management products analyzed in the previous article,and puts forward practical solutions.For example,the role of the administrator is still the withholding agent according to the original idea,and the tax object of VAT can be changed to the asset management product itself,using two tax rates and the general tax calculation model,and strive to achieve a link between the VAT chain In the end,tax incentives can be used to encourage industry development.