论税制优化对长期投资基金和资本市场互动发展的引导作用

发布时间：2018-03-10 08:22

本文选题：税收制度　切入点：长期投资基金　出处：《上海交通大学》2013年硕士论文　论文类型：学位论文

【摘要】：放眼全球，国际长期投资基金从创立以来已经取得了长足的发展，在各国资本市场中发挥着重要的作用。在长期投资基金和资本市场的发展历程中，税收制度始终贯穿其中。国际经验表明，一套行之有效的税收制度能够通过发挥其调节引导作用，，为长期投资基金和资本市场各自的发展带来积极作用，并对两者的良性互动产生深远影响。本文首先介绍了中国证券税制的环境和各个投资环节的税制征收，分析了国内长期投资基金的运作机制和投资渠道，研究了证券税制在中国长期投资基金和资本市场互动发展中已经起到的积极引导作用和存在的缺失。随后介绍了国际几个重要市场证券税制的环境和主要投资环节的税制征收，回顾了国际长期投资基金的发展历程以及税收扶持政策在其发展过程中的影响，归纳了国际市场长期投资基金和资本市场相互影响的三个重要特征。重点以量化分析的方法，选取美国的养老基金市场为分析对象，研究了税收优惠政策对多种养老基金产品带来的影响，对国际证券税制的引导作用做了综合评价。最后对我国借鉴国际经验的国情背景和现实环境以思考分析，为我国的证券税制优化提出了四点建议。
[Abstract]:Looking at the world, from its inception has made considerable development of international long-term investment fund plays an important role in the development of capital market in the world. In the long term investment fund and the capital market, which runs through the tax system. The international experience shows that a set of effective tax system can play its regulatory guidance role, have a positive effect on the long-term investment fund and capital market of their own development, and have a profound impact on the interaction of the two.
This paper first introduces the Chinese securities tax environment and all aspects of the investment tax collection, analyses the operation mechanism and the investment channels of domestic long-term investment funds, the securities tax system in the interactive China long-term investment funds and capital market development has played a positive role in guiding and deletion. Then introduces the main investment and several important link in international market securities tax environment tax levy, reviews the development process of the international long-term investment fund as well as the impact of tax policies in the process of its development, summarizes the three important characteristics of the international market long-term investment fund and capital market interaction. Methods focus on the quantitative analysis, selection of pension funds in the United States the market as the research object, studies the influence of tax preferential policies to bring various pension fund products, the International Securities Tax Guide We made a comprehensive evaluation of the role. Finally, based on the analysis of the background and reality of our country's international experience, we put forward four suggestions for the optimization of China's securities tax system.

【学位授予单位】：上海交通大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F812.42;F832.51

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