促进证券市场长期价值投资的税收政策

发布时间：2018-01-10 03:23

本文关键词：促进证券市场长期价值投资的税收政策　出处：《现代经济探讨》2017年02期 　论文类型：期刊论文

【摘要】：促进长期价值投资,是我国证券市场稳定健康发展的价值取向,有利于提高社会的直接融资比例。我国证券市场制度建设不够完善,存在诸多的价值投资问题。不仅粉饰、欺诈发行和高估值定价融资,而且投机行为盛行,市场泡沫大且回报率低。税收作为宏观调控的重要手段,可以充分发挥税收的整体协调功能,引导长期价值投资,发挥证券市场对社会闲置资本的集聚功能,促进证券市场的稳定健康发展,有效地缓解"脱实入虚"、"僵尸企业"等阻碍当前经济发展的诸多问题,从而实现证券市场与实体经济的良性循环。该文针对我国证券市场长期存在的价值投资问题,深入分析了现行证券市场税收政策存在的问题,提出促进证券市场长期价值投资的税收政策建议。
[Abstract]:The promotion of long-term value investment is the value orientation of the stable and healthy development of China's securities market, which is conducive to raising the proportion of direct financing of the society, and the construction of our securities market system is not perfect. There are many value investment problems, not only whitewashing, fraudulent issuance and high valuation pricing financing, but also the prevalence of speculation, market bubble and low rate of return. Tax as an important means of macro-control. It can give full play to the overall coordination function of tax revenue, guide long-term value investment, give play to the agglomeration function of the securities market to the social idle capital, promote the stable and healthy development of the securities market, and effectively alleviate the "unreality into the void". "zombie enterprises" and other problems that hinder the current economic development, so as to achieve a virtuous cycle between the securities market and the real economy. This paper aims at the long-term value investment problems in China's securities market. This paper deeply analyzes the problems existing in the current tax policy of the securities market, and puts forward some suggestions on the tax policy to promote the long-term value investment in the securities market.
【作者单位】：上海财经大学公共经济与管理学院;贵州财经大学经济学院;
【基金】：国家社科基金青年项目“我国证券市场公平课税与效率课税问题研究”(项目编号:13CJY128)的阶段性成果
【分类号】：F832.51
【正文快照】： 证券市场的发展不仅需要有效率,提高直接融资比例,而且需要引导价值投资,营造公平竞争环境。由于我国证券市场制度建设不够完善,市场交易注重投机而不注重价值投资,短期操作比较频繁,导致市场剧烈波动。通过利用资金优势,抱团取暖进行投机所带来的高盈利率,吸引社会闲置资本的

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