我国金融衍生品税法性质及规范研究

Study on the Tax Characters of Chinese Financial Derivative

金融衍生品税法性质应反映金融衍生品基本结构。我国金融衍生品税制零散、覆盖面不全且结构不合理,根源于衍生品税法性质界定不清。因而如何从金融衍生品的概念、基本分类和复式金融(衍生)工具税法性质认定的发展历程中,探寻衍生品界定的基本规律,并将其作为金融衍生品税法性质认定的基本方法,就成为改良我国现行税制、解决复式金融(衍生)工具课税问题、考察金融交易税结构并抑制投机交易的前提。我国金融衍生品税制上述方面的改良,也有助于税法规范与衍生品交易实现其基础资产价格增值的功能相匹配,发挥其资源分配的作用,并促进金融衍生品市场的发展。

The tax characters of financial derivative should reflect its basic structure. However, given the unclear recognition of the tax character of financial derivative, China＇ s tax laws on financial derivative are frag- ile, incomplete and unreasonable. Then, it is important to explore the ways of recognizing the tax character of fi- nancial derivative, from the definitions and classifications of financial derivative and from the tax laws of deriva- tive - embed - debt instrument. Meanwhile, the recognition of the tax character of financial derivative, which can make the taxation and the appreciation of the basic assets of financial derivative compatible with each other, is the foundation to reform China＇ s financial derivative taxation as well as its resource distribution roles.