Research on the Individual Income Tax-Deferred Commercial Endowment Insurance from the Perspective of Fairness

In order to alleviate the pressure of the basic endowment insurance system, China has implemented the policy of individual income tax-deferred commercial endowment insurance (IITDCEI) and actively explored the development path of individual supplementary endowment insurance. At present, the same tax...

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Main Authors: Tingshan Song, Huilin Zhu, Jinrui Xiao, Zhi Qiao, Wenguang Yu, Xinliang Yu
Format: Article
Language:English
Published: Wiley 2022-01-01
Series:Discrete Dynamics in Nature and Society
Online Access:http://dx.doi.org/10.1155/2022/2528056
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author Tingshan Song
Huilin Zhu
Jinrui Xiao
Zhi Qiao
Wenguang Yu
Xinliang Yu
author_facet Tingshan Song
Huilin Zhu
Jinrui Xiao
Zhi Qiao
Wenguang Yu
Xinliang Yu
author_sort Tingshan Song
collection DOAJ
description In order to alleviate the pressure of the basic endowment insurance system, China has implemented the policy of individual income tax-deferred commercial endowment insurance (IITDCEI) and actively explored the development path of individual supplementary endowment insurance. At present, the same tax rules are adopted for different income groups. Considering that people's income gap is large, different income groups enjoy different degrees of tax preference under this policy, which may cause social injustice and increase the gap between the rich and the poor. Based on this, we propose a new optimization scheme by adjusting the tax rate and the maximum premium limit of the insurance amount so as to coordinate the interests of low-, medium-, and high-income subjects and balance the degree of tax preference among the three subjects. At the same time, we also change the two parameters of the predetermined interest rate and retirement age, and compare the changes of the tax preference under the old and new schemes, and provide corresponding countermeasures for the implementation of the IITDCEI policy.
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issn 1607-887X
language English
publishDate 2022-01-01
publisher Wiley
record_format Article
series Discrete Dynamics in Nature and Society
spelling doaj-art-7ff529b7993245e2a03570f5c31d1ee82025-08-20T02:08:49ZengWileyDiscrete Dynamics in Nature and Society1607-887X2022-01-01202210.1155/2022/2528056Research on the Individual Income Tax-Deferred Commercial Endowment Insurance from the Perspective of FairnessTingshan Song0Huilin Zhu1Jinrui Xiao2Zhi Qiao3Wenguang Yu4Xinliang Yu5School of Economics and ManagementSchool of InsuranceSchool of FinanceSchool of InsuranceSchool of InsuranceSchool of InsuranceIn order to alleviate the pressure of the basic endowment insurance system, China has implemented the policy of individual income tax-deferred commercial endowment insurance (IITDCEI) and actively explored the development path of individual supplementary endowment insurance. At present, the same tax rules are adopted for different income groups. Considering that people's income gap is large, different income groups enjoy different degrees of tax preference under this policy, which may cause social injustice and increase the gap between the rich and the poor. Based on this, we propose a new optimization scheme by adjusting the tax rate and the maximum premium limit of the insurance amount so as to coordinate the interests of low-, medium-, and high-income subjects and balance the degree of tax preference among the three subjects. At the same time, we also change the two parameters of the predetermined interest rate and retirement age, and compare the changes of the tax preference under the old and new schemes, and provide corresponding countermeasures for the implementation of the IITDCEI policy.http://dx.doi.org/10.1155/2022/2528056
spellingShingle Tingshan Song
Huilin Zhu
Jinrui Xiao
Zhi Qiao
Wenguang Yu
Xinliang Yu
Research on the Individual Income Tax-Deferred Commercial Endowment Insurance from the Perspective of Fairness
Discrete Dynamics in Nature and Society
title Research on the Individual Income Tax-Deferred Commercial Endowment Insurance from the Perspective of Fairness
title_full Research on the Individual Income Tax-Deferred Commercial Endowment Insurance from the Perspective of Fairness
title_fullStr Research on the Individual Income Tax-Deferred Commercial Endowment Insurance from the Perspective of Fairness
title_full_unstemmed Research on the Individual Income Tax-Deferred Commercial Endowment Insurance from the Perspective of Fairness
title_short Research on the Individual Income Tax-Deferred Commercial Endowment Insurance from the Perspective of Fairness
title_sort research on the individual income tax deferred commercial endowment insurance from the perspective of fairness
url http://dx.doi.org/10.1155/2022/2528056
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