全国社会保障基金境外投资收益的税收问题探析

Study on Taxation of National Social Security Fund on Foreign Investment Income

从2006年年底开始,全国社会保障基金境外投资的大门正式开启,由此引起的该基金境内外投资收益税负不均的问题,不仅违反了税收中性原则,而且不利于该基金的保值增值。对此,主张"国家及其财产豁免"并不可行。可行的方法是将其纳入到双边税收协定中,通过对将该基金的股息、利息以及资本利得适用协定的特别条款,从而免除来源国的征税。

At the end of 2006, National Social Security Fund（NSSF） began its business in foreign capital market. The issue of different tax burden between NSSF domestic and foreign investment income will not only bring neutrality problem, but also affect the goal of NSSF. In order to solve the issue, new provision shall be introduced in the bilateral tax treaty and provide special rules for dividend, interests and capital gains so as to exempt NSSF from source country＇s taxation.