中国证券交易印花税的变革趋势

On the Changing Tendency of Stamp Duty on Securities Transactions in China

通过对当前国外各个主要市场经济国家(地区)资本市场印花税制现状和变革历程的研究发现,取消或减免证券交易印花税几乎成为国际金融市场税制改革的主流,但这种变革趋势受到本次金融危机的挑战而方向难定。鉴于证券交易印花税的收入与调节作用,中国在中短期内会保留该税种,并把握资本市场的基本规律与改革的时机,逐步完善金融市场税制。

Through the study of the current situation and changing course of the stamp duty systems in the capital markets of all the major foreign countries （regions） with market economy, it is found that to cancel or reduce stamp duty on securities transactions has almost become the mainstream of tax reform in the international financial markets. However, it is difficult to decide the direction of the changing trend because of the challenge of the financial crisis. In view of the income and regulatory role of the stamp duty on security transactions, China will reserve that tax in a short or medium term. Meanwhile, it should understand the basic rules of the capital markets and grasp the timing for the reform, so as to improve the tax system in the financial markets.