摘要
对金融资产的收益征税不仅影响总储蓄 ,还将影响人们具体的储蓄方式 ,即购买低风险金融资产 (如银行存款单 )还是高风险金融资产 (如股票 ) ,这就是税收的金融效应。对税收金融效应的理论分析和发达市场经济国家金融资产税收政策的实践均证明 ,同时征收存款利息税和允许损失补偿的资本利得税 ,客观上将鼓励人们的风险承担 ,促进直接融资的发展 ,从而满足我国当前在效率、公平。
Taxes may influence the allocation of savings among different assets and cause the “financial effect”.basis of theoretical analysis about the financial effect of income tax and detailed case study of relevant tax policies in some industrialized countries,we can draw the conclusion that following the imposement of in tax earlier,taxation on personal capital gains in China is desirable now,for it will not discourage people′ taking or do harm to the developing stock market while helping to achieve fair income distribution and sta of the whole economy.
出处
《金融研究》
CSSCI
北大核心
2000年第6期88-96,共9页
Journal of Financial Research