Research on Chinese Preferential Tax Policy about Private Pension Institutions and the Improving Suggestions
Gao Jinfeng, Hao Yong

Abstract
Since stepped into aging society early in 1999, the endowment institutions have been playing an increasingly important role in China. Unlike western developed countries, our country was in the case of an underdeveloped economy when faced with the problem of aging population. Relying solely on state financial support to set up pension institutions, on the one hand, may increase the financial burden, on the other hand, is not conducive to capital market operation. The key to achieve the industrialization of pension service is to support the development of private pension institutions. The government has issued a series of preferential policies for welfare institutions, but policies to private pension institutions’ benefit are few and far between. National policy guidance is necessary to encourage private capital to enter into the pension service industry. Based on the analysis of pension institutions’ preferential tax policies, this paper puts forward some reasonable recommendations to promote the normalized development of the private pension agencies.

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