对"资本弱化"进行规制的思考

“资本弱化”这种避税方式近年来日益引起国际税收领域的密切关注,这种避税方式与转让定价、注册避税港公司等避税方式相比,形式更加隐蔽,实践中不易觉察和对其进行监管。本文针对跨国投资者使用“资本弱化”避税的目的,结合国际实践,根据我国立法现状,提出目前对“资本弱化”的规制措施已不能适应经济发展的要求,并对如何将资本弱化控制在合理的范围内,在确保国家税收收入稳定的同时促进资源的优化配置作了深入探讨。

Reflect upon Legal Regulation of Thin Capitalisation

Thin capitalisation, one way of global tax avoidance, has gained close attention among tax authorities internationally. It is harder to identify and attracts less scrutiny compared with transfer pricing, registration of companies for tax haven and other common means of tax avoidance. This paper investigates the development in international tax treaty and regulation of thin capitalization in developed countries. It proposes that effective regulations of thin capitalization come side by side with the progress of China economy focusing on problems arising from current legislation.