The survey says nearly half of respondents disapprove of the current levy on rich people's estate

Source: Internet
Author: User
Keywords The rich the interviewees the estate tax disapproved
Wang Zhenyao: Let the Chinese rich suddenly donate half of the assets is not realistic Lee Biqi: China's levy of inheritance tax is a trend, will promote the rich to actively participate in charitable Jin Shuping: Some entrepreneurs still want to put more profits into charity, if the country has more policy incentives, they will take more profits out Korea-China: Many developed countries to abolish the estate tax, said that may lead to capital outflows and other circumstances, this to our country should not levy inheritance tax has brought a lot of controversy in China should not levy inheritance tax has become the focus of public opinion. The cause of the incident came from the United States. The United States has suspended a one-year estate tax since January 1 this year. That means that those dying Americans who die this year will be able to exempt their heirs from a hefty 45% tax. But such a good day may soon be over, and if Congress does not act, the 2011 estate tax will be levied again.  The top rate will jump to 55%, and the exemption will also be reduced from $3.5 million per person to $1 million trillion, which could potentially affect taxpayers as much as 8 times times.  A survey by the China Youth Daily and the survey network on whether to levy a tax on the wealth of the rich, 48.46% of the 11,203 respondents said that the current is not suitable for the levy, 34.03% of the respondents think that the current levy, 17.51% of the people are not clear. Ministry of Civil Affairs Siyuan director of Social welfare and Philanthropy, BNU, director of the Institute of Public Welfare Wang Zhenyao to our correspondent said that China's economic development to a certain stage will make the collection of inheritance tax on the agenda, but also to see, in the economic crisis, economic restructuring, the developed countries on the estate tax will have some adjustment  China is now moving in this direction, such as the introduction of a progressive tax system, "I think the imposition of inheritance tax in the mature time, we can learn from foreign experience, because the imposition of estate tax, objectively for the rich and their families is a good protection."  Let the rich suddenly donate half of the assets is not realistic this year's national two sessions, called "China's first good" Chen Chen submitted a levy on the rich tax on inheritance, the ratio should be at least 60%, he said he will take out 90% of the estate donated to society. Can the imposition of an estate tax encourage the rich to be more active in philanthropy? Lee Biqi, one of the promoters of "good foundation" under the China Women's Development Foundation, believes that the levy of estate tax is a trend that will promote the rich to join the charity actively. "If a country levies an estate tax, it may be the same as the difficulties we are currently doing for charity."  Lee Biqi to reporters that she has encountered many difficulties in the process of charity, the hardest is to persuade the rich to join the charity. She has a friend worth more than 1 billion yuan, but once for the disaster area fund-raising, the friend is very proud to Lee Biqi said, he donated 10,000 Yuan, which makes Lee Biqi feel very difficult to understand. "He usually buys a car just like we buy a mobile phone, he is not without charity, but no chance to think about how to do charity." "In Li BiUnder the influence of Qi, the rich actively devote themselves to charity and make great contribution to the development of "good Fund".  Lee Biqi that "the levy of estate tax is the same, the need for continuous publicity, the need for someone to make a demonstration." Warren Buffett and America's richest man Bill Gates have teamed up with a charity storm, lobbying the world's billionaires to donate half their wealth to charity during their lifetime or after their death, and when 40 of Americans have responded, Chinese billionaires have rarely responded.  In the face of this scenario, Buffett even announced that he was ready to join gates at the end of September to China, to lobby the new rich people of China into their "charitable alliance." In this respect, Wang Zhenyao said: "It is unrealistic and demanding to let the Chinese rich donate half their assets at once, but it is still possible to donate millions of dollars to China's billionaires." Some of China's rich people have already acted, such as Jianlin, Cao Dewang, Chen Fashu, Chen, and so on, "they have been on various occasions in the past few years, not to mention half of the value of the money, has long said that the majority of donations to charity."  According to my contacts, they are not a show, they say that to donate most of their property is an action, they are deeply aware that the money should be given to society, this is a best return.  The investigation also shows that 52.6% of the respondents believe that the wealthy Americans are actively involved in philanthropy and levy an estate tax, while 22.91% of respondents think "irrelevant" and 24.48% say "not clear". Baotou Baoqi Resources Management company Chairman Jin Shuping is also a "good fund" one of the initiators, she believes that the United States rich in the behavior of the inheritance tax, but not entirely because of inheritance tax.  Charity needs an atmosphere, do charity is the necessary means to fulfill social responsibility, "enterprises grow to a certain extent, not only bear the growth of internal staff and welfare, the needs of the whole society if enterprises have to bear a little, the state burden is not so big." Because of the long-term organization and conduct of charitable activities, Jin Shuping outspoken at present, domestic entrepreneurs do charitable purpose too strong, pay more attention to establish a good reputation through charitable propaganda, so long will be formed the direction, the enterprise does the charity must have the repayment, "even some enterprises demand the return than donate the amount, so, The charitable fund is now a business and charity institution.  Jin Shuping, who specializes in the real estate industry, said she had been doing charitable funds since 2008 and had little time to manage the company, but that the company's profit margins were higher than they were when they managed it. Jin Shuping said the levy of estate tax on China's next generation of growth and public welfare development has a good role to play, "at least China's second generation may have better development, the rich will also pay attention to their internal promotion, including competitiveness, the less money and feelings of the situation will be reduced." Wang Zhenyao also said that from the experience of the United States, after the imposition of inheritance tax, the family rich over three generations, rich over the five Dynasties, the family of moral construction, it would be much better for governance capacity building.  Because China has not had such a concept for thousands of of years, so we need to have a learning process, "but anyway, I think it should be a direction, estate tax is not to say that the simple tax on the rich, the family, familiy, is a good protection." What questions should be considered in China's levy of estate tax? According to the survey, 65.67% of respondents said that "estate tax should be levied on the rich", 56.7% said "should prevent the transfer of personal property to foreign countries", 56.17% of people say to "set up a personal asset management and value Assessment system", 47.59% of the respondents said "  The levy of estate tax must first improve the social security system, "43.68% of people suggested that" estate tax should be in developed cities Pilot ", and 35.62% of respondents think" inheritance tax and gift tax to be unified levy. " The Nineth article of the Enterprise Income Tax Law stipulates that the expenses of commonweal donation incurred by an enterprise shall be deducted from the calculation of taxable income in the portion of 12% of the total annual profit. Jin Shuping admits: "Some entrepreneurs still want to put more profits into philanthropy, and if the country has more policy incentives, they will take out a bigger amount." Wang Zhenyao said that the previous tax law stipulated that 3% of the public welfare expenditure can be offset by tax, and the new tax has set a 12% tax rate, "this is not a backward figure in the world, but I heard many rich donations do not have the sense of tax exemption, do not know tax-free concessions,  Tax exemption for many enterprises to do charity should be a very positive encouragement. Although the levy of estate tax, such as the restriction of excessive concentration of wealth, reflecting the role of social equity, but for the levy of inheritance tax, many people still expressed caution. Han Chaohua, Director of the Economic division of the Chinese Academy of Social Sciences, said the main purpose of the levy was to narrow the gap between the rich and the poor, so that the descendants of the rich could not easily reap the income, so the inheritance tax was very heavy.  But in recent years, many developed countries to abolish the estate tax, said that may lead to capital outflow and so on, which also gave China to do not levy inheritance tax brought a lot of controversy, so now in a state of uncertainty. Li Shenjie, president of the International Institute of Spiritual Wealth, has been enthusiastic about philanthropy for years, and he also thinks it is difficult to implement the estate tax. He suggested raising the levy's starting point, mainly for the affluent, and could bring inheritance and gift taxes into the same group to prevent property transfers. At the same time, he said, before the levy on the Chinese estate tax, it must be considered that the current Chinese rich people still with their wealth creation performance of how much to evaluate and measure them. If the rate of estate duty increases too high, and his mentality is still concerned with money, development and personal achievements, and has not come from the "ego" to the spiritual world of "I", a lot of people will find it inappropriate to suddenly introduce too large a percentage of the levy.
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