上市公司定向增发个人所得税法律问题的研究.pdfVIP

内容摘要 定向增发作为我国股权分置改革后上市公司再融资的重要方式，以其 发行条件简单、周期短、成本低、操作简易、发行规模不受限制等优点而 备受青睐。定向增发的税收问题尤其是个人所得税问题，对于定向增发的 发行人、投资者来说是一个重要的考虑因素。近两年来，国家税制改革的 重点是加强对高收入人群和资本利得的税收征管。201 1年2月17日，国家 税务总局下发的《关于个人以股权方式参与上市公司定向增发征收个人所 得税问题的批复》更是把焦点直指资本增值和定向增发。本文通过厘清定 向增发各个环节涉及的个人所得税问题，明确相关的税法规定，指出实践 操作中的不规范行为，并提出相应对策。希望能对保护和规范定向增发中 自然人的投资行为，稳定资本市场秩序，消除贫富差距，起到一定作用。 文章主要分为三部分：第一部分主要介绍定向增发基本情况，包括概 念、流程、模式、类型等，使读者对定向增发有一个全面、清晰的认识； 第二部分从税法的三要素出发，通过分析定向增发中个人所得税的征纳依 据、纳税主体、征税对象的规定，具体提出三要素在实践中存在的主要问 题；第三部分针对前文提出的问题，在肯定税法基本原则、提倡税收法定 主义入宪的前提下，借鉴其他国家的先进做法，引入资本利得税制度中的 有用部分为我们所用，提出符合我国现状的税收征纳制度建议。 关键词：定向增发；个人所得税法；税收法定主义 ABSTRACT Because of its simple issue requirements，short cycle，low cost，ease of operation and unrestricted issue size，Private Placement has became an important way of refinancing for listed companies after China’S equity division reform．The tax especially the personal income tax is main considerable factors for the issuers and nature investors．In the past two years，the focus of national tax reform is to strengthen tax collection on high—income people and capital gains．February 1 7，20 1 1，the State Administration of Taxation issued‘‘Official Reply on People Who Participate in Private Placement By Way Of Equity Should Levy Personal Income Tax’’which takes the focus directed at capital gains and the Private Placement．The paper here clarify the problems in each link involved in the process and specify the related tax law，then point out the irregularities in the practical operations and proposes the corresponding countermeasures．Wish the paper would help to protect and regulate the single person’S behavior of investment，and also can do a favor for stabilizing the capital market，eliminate the gap between rich and poor． The article is divided into three main parts：The First part is to introduce the basic information about the Private Placement，including concepts，process， model，types，etc．，SO that the reader can have a comprehensive and clear understanding of the Private Placement．The Second part start