红股征税的法律思考

派送红股前后公司资产价值与股东个人财产价值的增减情况的对比 ,以及派送红股行为的性质 ,可以认为派送红股不同于公司用现金、实物分红。后者是公司利润分配的法律形式 ,而前者却是限制公司利润分配的法律形式。因此 ,对红股征收个人所得税存在理论上问题 。

After comparing on the increasing and decreasing of both of company capitals and shareholder's private property before and after dispatch, and analyzing the legal meansing of dispatch, the author thinks that dispatching the bonus is different from distributing the capital and materials by the company. The former is a legal mechanism to restrict distributing company's profits, and the latter is a legal action of dispatching the company's profits. So, it is a mistake to tax the bonus in legal theory, and it can not promote the economic prosperity in legal practice.