【摘要】：房地產(chǎn)投資信托（REITs），是一種國(guó)際社會(huì)普遍認(rèn)為能夠促進(jìn)房地產(chǎn)市場(chǎng)有效發(fā)展的房地產(chǎn)投融資工具。美國(guó)作為房地產(chǎn)投資信托發(fā)展最成熟的國(guó)家，這與其每次稅制改革的推動(dòng)有極其密切的關(guān)系。我國(guó)的房地產(chǎn)投資信托從2002年開(kāi)始初露端倪，密集發(fā)行則在2010年及2011年上半年，目前，，由四川信托發(fā)布的《復(fù)星豫園商旅文基金股權(quán)投資1期集合資金信托計(jì)劃》因其逾20%的預(yù)期回報(bào)率引起了各方關(guān)注。與美國(guó)相比，我國(guó)房地產(chǎn)投資信托稅制存在諸多問(wèn)題——總體稅負(fù)較重、重復(fù)征稅、傳統(tǒng)稅制要件的非適應(yīng)性等等，所以建立起能夠鼓勵(lì)房地產(chǎn)投資信托發(fā)展的稅制顯得尤其重要。美國(guó)“修正式的導(dǎo)管理論”、“形式轉(zhuǎn)移不稅制”、“實(shí)質(zhì)課稅”、“有條件的稅收優(yōu)惠”等理念很好地解決了投資者與信托公司之間因信托收益發(fā)生的雙重納稅問(wèn)題，使信托各方主體稅收負(fù)擔(dān)減輕，為房地產(chǎn)投資信托的發(fā)展提供了寬松的稅法環(huán)境。我國(guó)應(yīng)當(dāng)在吸收美國(guó)相關(guān)稅制的基礎(chǔ)上，結(jié)合我國(guó)房地產(chǎn)投資信托的現(xiàn)實(shí)發(fā)展模式，參考現(xiàn)有的證券投資基金的稅法規(guī)定，對(duì)不同的稅種在房地產(chǎn)投資信托的不同環(huán)節(jié)做出避免重復(fù)征稅的規(guī)定。 本文分為四個(gè)部分： 第一部分對(duì)房地產(chǎn)投資信托（REITs）進(jìn)行概述，介紹其起源與發(fā)展，分析其概念和法律特征，，較為詳細(xì)地梳理了美國(guó)稅法發(fā)展促進(jìn)房地產(chǎn)投資信托的歷程；然后以文字和表格相結(jié)合的方式介紹了四種典型的發(fā)展模式，分析了各自的利弊；最后分析了研究房地產(chǎn)投資信托稅制的必要性。 第二部分詳細(xì)闡述了信托制度和信托導(dǎo)管理論以及信托實(shí)體理論，分別介紹了英、美兩國(guó)的信托稅制，尤其是美國(guó)“修正式導(dǎo)管理論”及REITs適用稅收優(yōu)惠的各種條件；然后分析了遵循信托導(dǎo)管理論的稅制符合稅法實(shí)質(zhì)課稅原則。 第三部分分析了我國(guó)對(duì)房地產(chǎn)投資信托稅制的現(xiàn)狀，指出了整體稅負(fù)過(guò)重及重復(fù)征稅的問(wèn)題；由于納稅主體資格爭(zhēng)議以及經(jīng)濟(jì)利益歸屬不明確而導(dǎo)致的傳統(tǒng)課稅要件的非適應(yīng)性問(wèn)題。 第四部分則對(duì)建立和完善我國(guó)的房地產(chǎn)投資信托稅制提出建議，應(yīng)當(dāng)立足于不同的環(huán)節(jié)對(duì)不同的稅種作出明確的規(guī)定，一是做到有法可依、法無(wú)明文規(guī)定不稅制；二是為了避免重復(fù)征稅導(dǎo)致整體稅負(fù)過(guò)重和不公平。
[Abstract]:Real estate investment trust (REITs),) is a kind of real estate investment and financing tool which can promote the effective development of real estate market. As the most mature country in the development of real estate investment trust, the United States has a very close relationship with every push of tax reform. The real estate investment trust in our country has been on the horizon since 2002, and the intensive issuance is in 2010 and the first half of 2011. At present, The "Fosun Yuyuan Business Travel and Culture Fund Equity Investment 1" collective fund trust plan, published by Sichuan Trust, has attracted attention for its expected return of more than 20 percent. Compared with the United States, China's real estate investment trust tax system has many problems, such as heavy overall tax burden, repeated taxation, non-adaptability of traditional tax system elements, and so on. Therefore, it is particularly important to establish a tax system that can encourage the development of real estate investment trusts. The American concepts of "revising the formal conduit theory", "formal transfer without tax system", "substantial taxation", "conditional tax preference" and so on have solved the problem of double taxation between investors and trust companies due to trust income. It lightens the tax burden of all parties and provides a relaxed tax environment for the development of real estate investment trust. On the basis of absorbing the relevant tax systems in the United States, our country should refer to the existing tax laws of securities investment funds, in the light of the realistic development model of real estate investment trusts in our country. Different types of taxes in the real estate investment trust in different aspects of the provisions to avoid double taxation. This paper is divided into four parts: the first part is an overview of the real estate investment trust (REITs), the introduction of its origin and development, analysis of its concept and legal characteristics, Combing the development of American tax law to promote the process of real estate investment trust in detail; Then it introduces four typical development models by combining words and tables, analyzes the advantages and disadvantages of each model, and finally analyzes the necessity of studying the tax system of real estate investment trust. The second part elaborates the trust system, the trust duct theory and the trust entity theory, introduces the trust tax system of the United Kingdom and the United States, especially the American "the theory of repairing the formal conduit" and the various conditions for the REITs to apply the tax preference. Then it analyzes that the tax system following the trust duct theory conforms to the principle of substantial taxation of tax law. The third part analyzes the present situation of the tax system of the real estate investment trust in our country, and points out the problem of excessive tax burden and repeated taxation. The inadaptability of traditional tax elements due to the dispute of tax subject qualification and unclear ownership of economic interests. The fourth part is to establish and improve the real estate investment trust tax system in China, should be based on different links to make clear provisions for different types of taxes, one is to achieve a legal basis, the law does not explicitly stipulate the tax system; Second, in order to avoid double taxation, the overall tax burden is excessive and unfair.
【學(xué)位授予單位】：西南政法大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類(lèi)號(hào)】：D922.282;F299.23

【參考文獻(xiàn)】

相關(guān)期刊論文 前10條

1 白欽先;常海中;;關(guān)于金融衍生品的虛擬性及其正負(fù)功能的思考[J];財(cái)貿(mào)經(jīng)濟(jì);2007年08期

2 劉繼虎;;論形式移轉(zhuǎn)不課稅原則[J];法學(xué)家;2008年02期

3 劉華;盧孔標(biāo);;房地產(chǎn)投資信托基金法律框架的國(guó)際比較與啟示[J];南方金融;2010年07期

4 張仕廉;盧立宇;劉偉;;中美房地產(chǎn)投資信托法律比較[J];中國(guó)房地產(chǎn);2006年05期

5 郝琳琳;;信托所得課稅困境及其應(yīng)對(duì)[J];法學(xué)論壇;2011年05期

6 李新天;閭梓睿;;論我國(guó)房地產(chǎn)投資信托制度(REITs)的困境及出路[J];社會(huì)科學(xué);2009年02期

7 徐孟洲,席月民;論我國(guó)信托稅制構(gòu)建的原則和設(shè)計(jì)[J];稅務(wù)研究;2003年11期

8 劉麗堅(jiān),江一欽;消除股息經(jīng)濟(jì)性雙重征稅的現(xiàn)實(shí)制度設(shè)計(jì)[J];稅務(wù)研究;2004年11期

9 李燕;李雁函;;關(guān)于完善我國(guó)房地產(chǎn)投資信托相關(guān)法律的探討[J];新金融;2010年06期

10 張婕;蘇帥;;我國(guó)REITs法律制度面臨的困境及建設(shè)對(duì)策[J];中國(guó)證券期貨;2011年07期

相關(guān)博士學(xué)位論文 前1條

1 劉繼虎;信托所得課稅的法理與制度研究[D];中南大學(xué);2012年

本文編號(hào)：2380281