试述证券发行环节税收之开征

创业板从挂牌首日到第二日的戏剧性变化,不得不引起我们的反思。证券发行环节税收制度的缺位,带来一、二级市场投资收益的巨大差距,一级市场资金的大量涌入造成两大市场的长期割裂。证券发行环节已经具备对资本利得征税的条件,先行在一级市场试点征收资本利得税可以为我国建立资本利得税制度积累宝贵的经验,为其在二级市场和整个证券市场的全面推行铺平道路。

Study on the Levy Taxes of Securities Issue

the dramatic changes of GEM from the first day of listing to the 2nd,which have to cause us to rethink profoundly.absence of the tax system in the securities issurance,bringing a huge gap on investment return between primary and secondary market,and an influx of capital in the primary market cause the two long-term market fragmentation.Securities issuance Links already has the condition to levy the capital gains tax,and experimental capital gains tax in the primary market can accumulate valuable experience ...