论文部分内容阅读
对证券交易所得是否征税,一直是证券界和股民极为关注的问题,对此,笔者认为很有必要从理论上、从国外证券市场的实践上加以分析与比较,以得出合理的结论。 一、证券交易所得税的性质 证券交易所得税（简称证所税）是资本利得税的一种,它以证券资产因买卖而发生的增值所得为课征对象。这种增值所得与一般性的薪资、利息或佣金所得最大的不同点,在于其不具规律性和可预期性。其所得的发生,是由于资产价格发生波动的结果,而证券资产价格的涨跌受较多的无法预测的因素影响,这与一般商品价格的预期上涨通常由商品流通过程的各种费用（如工资、地租、利息）与利润累积而成并不相同。此外,由于课税技术及税务行政上的困难,各国对证券交易所得的处理,都仅对已实现的利得课税,对于已增值但未经证券的销售而具体实现的部分,并不认定为应课税的对象。因此,对潜在的纳税义务人来讲,他可根据其意愿决定所得及税负实现的时点,这也是证券交易所得独有的性质之一。 二、对证券交易所得课重税与轻税的争论
It is always a matter of great concern to the securities industry and the investors that whether taxing the stock exchange is taxable or not. To this end, I think it is necessary to theoretically analyze and compare the practices of foreign securities markets to reach a reasonable conclusion . First, the nature of the stock exchange income tax Stock exchange income tax (referred to as the license tax) is a kind of capital gains tax, which takes securities assets arising from the sale of value-added income as an object. The difference between this added value and the general salary, interest or commission income is that it is not regular and predictable. The resulting gains are due to fluctuations in asset prices and the ups and downs in the prices of securities and assets are affected by more unpredictable factors, which are generally related to the expected rise in general commodity prices from various costs of the commodity circulation process Wages, land rent, interest) and profit accumulation is not the same. In addition, due to taxation technology and administrative difficulties in taxation, the treatment of stock exchanges in each country is taxed only on the profits realized, and is not recognized for the part that has been added value but not realized through the sale of securities For the object of taxable. Therefore, for the potential taxpayers, he can decide on the basis of his wishes the time and the tax burden to achieve, which is also one of the unique nature of the stock exchange. Second, the stock exchange tax heavy tax and light tax controversy