TENG Xiangzhi:Tax Policy Reviews on Financial Lease in View of the Tax Theory of Transaction Characterization

Abstract：In order to coordinate with the development of financial leasing for 30 years, relative tax laws and policies in China have been kept in adjusting and changing.However, due to the lack of a coherent legal logic, there exist logical contradictions in tax policies and policy implementation.Based on tax theory of transaction characterization, this paper conducted analysis and comments on those policies, including Business Tax, VAT, Contract Tax, Stamp Duty, Tariff and tried to find a consistent logic basis as a guidance for tax policy making.Thereby, this paper put forward proposals in order to avoid the inconsistency and frequent changes in tax policies and to realize taxation constitutionality.

Key words： Financial Lease    Transaction Characterization    Review of Tax Law    Substantial Justice

source:Finance & Trade Economics ,No.2,2015