证券流转税现状分析、国际趋势与改革思路

20043No.3May15,2004(134)TaxationandEconomy(SerialNo.134):,(,361005)[],,,,,[];;[]F810.422[]A[]1004-9339(2004)03-0058-03:;();;;,,,,,,,;,,,,,,,,,,,,,,,,;,,,,,,,,,012%,,,,,,,,,,[]2003-10-09[](1977-),,,,:,,,,,85,,,,200048519,3163%(),(),,,,119932002:12(%)3=1/24(%)5=1/4199322.0043490.5113716.06199448.775248.10.93214.1222.78199526.386242.20.4221112.501996127.9974081.7328245.391997250.768651.12.90467.7653.611998225.7598532.29466.9748.341999248.0711377.242.18628.8839.452000485.8913380.113.63769.2263.172001291.3116386.041.78694.2241.962002111.9518903.640.59NANA:2003,,;,,,,,,;,,,,,Tobin(1974,1978)Stiglitz(1989),,,011%013%,,1998013%0125%,;,,199941,2000630,,,,,,,,,,,,,,,,,,,,,,,,,,,,(95LindgrenWestLund(1990),1%50%;EricssonLindgren(1992),),;,,,,,,,,012%,0135%,111%,,,,,Kupiec(1991)Umlauf(1993)BarrSellin(1996),SaportaKan(1997),,,,,(),,,,,,,,,,,0155%,0133%,0126%,,,,,,,,,,,,,,,,,[][1]1[J]1,2001,(6)1[2]1[J]1,2002,(11)1[3],1[J]1,2003,(6)1[4]1[J]1,2003,(3)1[5]BarelayMichaelJ.EugeneKandel,LeslieM.Marx.TheEffectsofTransactionCost[J]1StockPricesandTradingVolume,JournalofFinancialIntermediation,1998,7:130-1501:TheTurnoverTaxoftheStock:CurrentAnalysis,InternationalTendencyandReformThinkingCaiQing-feng,WuBin(XiamenUniversity,Xiamen361005,China)Abstract:Thetaxsystemofthecurrentsecurityistakenthestamptaxofthestockexchangeasitsmaintypeoftax.Fromthelongrun,thetaxsystemoftheturnovertaxshouldbeperfectedandthesystemofthetaxofthestockex2changeandstamptaxshouldbeimplemented.Thereshouldbeanessentialchangeinthereformofourturnovertaxofstock,forexample,thestamptaxshouldbereplacedwiththetaxofstockexchangeinthecourseofstockexchange.Keywords:theturnovertaxofthestock;stamptax;taxofstockexchange06