Is Guo Shiliang Talking About Whether The Red Profit Tax Adjustment Is Really Effective?

After two and a half years, China

The dividend tax will be adjusted again.

However, for this adjustment, the dividend tax for investors with a duration of more than 1 years is temporarily suspended.

Obviously, compared with the previous dividend tax adjustment, this favorable component has also increased a lot.

along with

The purpose of the re adjustment is to enhance the long-term investment awareness of the market and help investors to dig out valuable investment targets.

The establishment of long-term investment awareness in the market is not overnight.

In fact, in order to enhance the awareness of long-term investment in the market, we should not only work hard to reduce the dividend tax, but also need to further accelerate the introduction of institutional investors, so as to enhance the overall share of institutional investors in the A share market and bring more long-term investment awareness to the market.

However, more importantly, before upgrading the market's long-term investment awareness, management must also create a fair and just market environment, and strictly regulate the operation order of the market. At the same time, it is also necessary to increase the illegal cost of the market, so that some malicious speculators are severely punished.

It is reported that in the evening of September 7th, the Ministry of finance, the General Administration of Taxation and the China Securities Regulatory Commission jointly issued a document to make clear that since September 8th, the shares of listed companies acquired by individuals from the public issuance and pfer market have been held for a period of more than 1 years, and the dividend income is temporarily exempted from personal income tax.

In fact, since 2005, China has also implemented several dividend tax adjustment policies.

Among them, in 2005, the stock dividend tax was levied in China, and the tax burden was adjusted to 10%, and it has been used until 2012.

However, since January 1, 2013, China has begun to implement differential dividend tax collection policy.

Specifically, the tax burden was raised to 20% within 1 months, and the tax burden remained unchanged at 10% from 1 months to 1 years.

As for holding time for more than 1 years, the tax burden is reduced to 5% directly.

Obviously, in the face of the differential policy of levying profits and taxes, it has also aroused heated debate among many market participants.

Many of them believe that this differential dividend tax actually belongs to the "clear and dark increase" of the tax burden.

According to the actual operation, according to the shareholding cycle of our general investors, the proportion of holding time can really be more than one year, but its proportion is very few.

However, from the analysis of investors who held long-term shareholdings in the past, they are more passive shareholding than active shareholding.

As a result, with the differential red profit tax collection policy landing, in fact, it also brought a certain cost pressure to most investors.

Perhaps, from

The starting point of the formulation will certainly bring some positive impact on the market.

But considering the current weak market environment, we need to think more.

In fact, in the current market environment, investors' investment losses in the two tier market have far exceeded the preferential rate of dividend tax.

At the same time, in response to the adjustment of the dividend tax, the dividend tax was only adjusted for more than one year, and no red interest tax relief was given to the shareholding period of less than one year.

As a result, in the face of this policy landing, in fact, it has not been able to boost the confidence of the market in essence, and in the face of a weak market environment, it has not been able to stimulate the enthusiasm of long-term investment in the market.