中美企业所得税比较研究

Abstract

With the economic development of China, it has achieved rapid development with USA in trade, investment, culture and human resources exchange. Due to huge difference in the social structure, economic system as well as political and cultural systems between these two countries, the research and understanding of the difference in the economic system is beneficial to the successful economic exchange. As we know, tax system plays an important role in the economic system of all countries and it represents a country's level of support to its economy. Thus，we inevitably have to study the tax systems of the two countries in order to better understand the difference in their economic systems. This paper analyzes the difference in China's and U.S.A.'s enterprise income tax systems through introduction and comparison. It points out the shortcomings in China's enterprise income tax system, giving constructive suggestions on the improvement and reform of the income tax system. Through the analysis, we have found that the most obvious difference lies in the relevant provisions on accumulated earnings tax and alternative minimum tax. Alternative minimum tax is to reduce the probability of excessive tax avoidance. It attempts to ensure that individuals and corporations that benefit from certain exclusions, deductions, or credits pay at least a minimum amount of tax. Accumulated earnings tax is a penalty tax, requiring enterprises to pay additional tax when accumulated earnings exceed a certain amount. No such additional tax needs to be paid if the earnings are paid out to investors in form of dividends.