???(partnership approach)

1
????????
2
??????

• ????????????????,????????????
• ?????(?????),?????????,?????????????????,?????????
  ????,????????????????????,???????????
• ?????(???????),??????,?????????????,????????,?????
  ??????????,????????????????,?????????,???????????

3
???????

• ?????????????????????,????????????????????????????
  ???????????????????????????????,?????,????????????
  ????????????????????,?????????????????????????????
  ?,??????????????????????????

4
???(partnership approach)

• ?????,????????????,??????????,???????,???????,????
  ?????????????,??????,?????????,?????????????
• 1966????Carter Commission?1977???????1983???Campbe
  ll Committee??????
• ?????????????????,?????????,?????????????
• ?????????????,?????????,??????????????,??????????,
  ?????????????,?????????????

5

• ??????S???????????,?????????
• ??S????????????S??( Subchapter S)???????,?????????
  ?????,???????????,????????????????,???S????????
• ?S?????,???????????????,????????????,?????????????
  ?????,????????????

6
???????(dividend-paid deduction system)

• ?????????,??????????,?????????????????????,??????,
  ??????????,???????,??????????????????
• ????????,??????????????,?????????????????????,???
  ??????
• ???????????????????????????

7
???????(dividend-paid credit system)

• ??????????????????????????,????????????
• ?????????????

8
?????(split-rate system)

• ????????????????,?????????????,?????????????,?????
  ??????????
• ?????????????????????????,???????????????,????????
  ???????

9
???????(dividend-exemption system)

• ??????????????????,????????????????,??????????,???
  ????????
• ????????????,???????????????
• ????,????????????,????????????????????????????????
  ??????????????????????

10
???????(dividend-credit system)

• ??????????????????,?????????,?????????,???????????
  ???

11
?????(imputation system)

• ??????????????????????,?????????????????
• ????????????????????????????,????????????????????
  ,????????,???????,????????,??????,??????????
• ???????????????????????,?????????????,???????????
  ??????,????????????????????????,?????????????

12
???(hybrid system)

• ?????????????,?????????,????,???????????,?????????
  ???????,?????????????????????????????????????

13
??????

• ???????????????????,???????????????,????????,?????
  ?????????????
• ??????????????,?????????,???????(2002??)??????????
  ????,????????????????????,????????????????????????
  ,????????????????

14
????

• ??(??)
• ???????????????,?????50??????,??????????????,????
  ??????????,???????????10????????????

(1)???? 100
(2)???(33.3) 33.3
(3)????(1)-(2) 66.7
(4)????(5066.7) 33.3
(5)??????????(3)(4) 100
15

• ???????????????,????????????(?????????????????????
  ????),????????????????50??????????????(equalizati
  on tax),?????

(1)?????????? 100
(2)???(100/3) 33.3
(3)????(1)-(2) 66.7
(4)???(5066.7) 33.3
(5)??????????(3)(4) 100
16

• ???????,??????????????????????????????????????10
  ?????????????????????????????,????????

17

• ??(??)
• ???????,?????,?????????30,?????????45,????????,?
  ?????,??????30?
• ????????45,????????????(?????????????????????),??
  ???????????????????,????????????????30?
• ????????????100/70????????,??????30???????????

18
????????????????????
(1)???? 100
(2)????45 45
(3)????(1)-(2) 55
(4)?????(3) 55
(5)???????100(45-30) 15
(6)?????(4)(5) 70
(7)????(???25)(6)25) 17.5
(8)????(6)-(7) 52.5
(9)????(7) 17.5
(10)???(net received) 70
19
?????
(1)????? 70
(2)??? 30
(3)???? 100
20
?????????????????????(?????)
(1)???? 100
(2)????45 45
(3)????(1)-(2) 55
(4)?????(3) 55
(5)??????? 15
(6)?????(4)(5) 70
(7)????(???25)(6)25 17.5
(8)????(6)-(7) 52.5
(9)???? 0
(10)???(net received) 52.5
21
?????
(1)????? 70
(2)??? 0
(3)???? 70
22

• ??(???????)
• ?????????????,????????????,?????????????,???????,?
  ??????????????
• ???
• ????????????,???????????????????(1)??????18(2)
  ???????,??????????????????23?????????????????????
  ?,???????????????????????,???????,??10??,????????
  ???

23

• ??
• ???????????????????????,???????25??????,?????????
  ??????30?40???????????????????(??25???)??????,
  ????????????????
• ??
• ????????????????,?????25??,??????????????????????
  ,??????????????

24

• ??
• ????????????????????????????10?,????????????????
  ??,?????10?????,????????130,939???,???????261,878
  ????
• ???
• ??????????36,?????36????????,???????,??????,????
  ?36??????????,???????9/16?????????????????12.5?
  ?????,????????????

25

• ???(?????????)
• ?????????50????,??????????????????????????????,?
  ???50?100????
• ??
• ??????????????????,??????????????????????,????????
  ?(correction tax),???139?

26

• ???
• ????????????25/75???????(advance corporation tax,
  ACT),????????????????????????,???????ACT?????,????
  ???????????,??????25/75??????????(??????10?,????
  ,????1/18),???????????????????????

27
(1)???? 100
(2)???(??40) 40
(3)?????(1)-(2) 60
(4)??ACT???????(???) 25/7560 20
(5)????(3)(4) 80
(6)?????????????(40-20) 20
28

• ???
• ?????????????????,????????????,????????????60????
  ??(??????36,??????????60,??????????????33.75)??
  ???

(1)?????? 100
(2)???(???36) 36
(3)????(??????)(1)-(2) 64
(4)??????(3)33.75 21.6
(5)??????????(3)(4) 85.6
29

• ???
• ?????????????????????,?40????????(???????????????
  ??,?????????26?25?0),?????????50?????

30
(1)?????? 1000
(2)?????(????????35) 350
(3)??(1)-(2) 650
(4)???(3)???25) 162.5
(5)??????(3)-(4) 487.5
(6)?????(3)40 260
(7)????(3)(6) 910
(8)????(?????56)(7)56 509.6
(9)??? 260
(10)???? 249.6
(11)????? 162.5
(12)????(10)-(11) 87.1
31

• ??
• ?????????????,????????????????(ACT),?1994-95???,??
  ???20/80???????????????,????????????20??,???????
  ???????????????51???,??????????????????????????
  ?ACT????????????????????,???????????(franked
  investment income, FII),?????????????,?ACT?20/80??
  ????????????????

32
(1)???? 1,500,000
(2)?????(??????33) 495,000
(3)?????(1)-(2) 1,005,000
(4)??ACT(1,005,00020/80) 251,250
(5)???????(3)(4) 1,256,250
(6)??????????(2)-(4) 243,750
????????? 1,500,000
33
????

• ???(??)
• ?????????????,???????????????????????,???????
• ?????27?????,?????????????????
• ???????,?27???????????????
• ???????,????????????????????
• ?????????????????????????????
• ???????????????????????????????,?????????
• ????????????

34

• ????
• ???????????,???????????????
• ??
• ????????????,?????????25?,????20????????????????
  ??,??????1,000????,??????1,000????????5???????,??
  ??????10????????
• ??
• ????????????????,???????????????,?????????????????
  ?????????

35
????---???

• ?????????????,?125???????????????,????????25???,
  ??????????????????????????????
• ??????????5,400?,?????????????????1,800?

36
????????????300?,??????202?,?????98?????,??????
(1)?? 5,400
(2)?? 1,800(1,80025)2,250 2,250
(3)????(1)(2) 7,650
(4)???(7,65017) 1,300
(5)???????? (6,456(ass)17) 1,098
(6)?????(4)-(5) 202
(7)?????(450(180025)2/3) 300
37
??????

• ??
• ????????????????,????????????????????,????????????
  ????????????,??????????????
• ?????????????????????(franked dividends),????????,
  ????????????????????????????????
• ??????????????,???????????(franking
  account)??,???????????????????????????,???????????
  ????,????????????,?????????????????,??????????????
  ?,????????
• ???
• ?????????????????,?????????????????????,??????????
  ,??????????

38
???????????

• ?????????????????????????????,????????????????????
  ?????????????,????????,???????????????????????????
  ????????
• ??????????????,??????????,????????????????????????
  ?????????????????????????????????,???????????????
  ???,??????????????????????????,?????

39

• ??????
• ??????????????????????????????????????????????????
  ??????????????????????????????????????????????????
  ???????????????????(???????????)?????(???????????)
  ?????(?????)?????(????????????????)??????(???)????
  ?????(????)??????????????????????????(???????????
  ???????????)??????????????????????,???????????????
  ????(?????????????????????)???????(???????????????
  ??)????????????(????????????)??

40

• ????????????????
• ??????????????,??????????????,????????????????????
  ?,?????????????????,???????????????,???10????????
  
• ??????????????,????????????????,?????????????????
  ???,??????????????????????????????????????,???????
  ????????,????????????????

41

• ?????????
• ???????????????,????????,?????????????????????????
  ?15.29,???????13.8?????????,???????????????,????
  ??7.03,???????4.07,?????????????????????,???????
  ?????,?????????,??????????,???????,?????
• ????,???????????????(?????????????),??????????????
  ???,???????????
• ?????????????????,??????????????,????????????,???
  ?????????,?????????????,??????????????,???????????
  ????????????????????????,?????????????????

42

• ??????????????,?????????????????????????????,?????
  ??????????????,?????
• (?)?????????
• ???????????,???????????25????????,??????????????,
  ???????????????????,????????????40??,?????,??????
  ??????????55,????????????
• ????????????????????,??????????(???)??????,???????
  ????????(????????????????????????,???,????????????
  ???????????,?????????????,???????????????)?

43

• (?)??????????
• ????????????,???????????,?????????,??????????,????
  ??????????????,?????????????,????????????????????
  ???,????????????????????????,???????,?????????????
  ???,????????????,??????????,??????????????????????
  ????,???????
• (?)???????????
• ???????????,??????????????,???????????????,???????
  ??,??????????????,????????????????,?????????,????
  ????

44

• (?)????????
• ??????????????,??????????????,????????????????????
  ,????????,??????
• (?)????????
• ????????????????,???????????????????????????,?????
  ?????????,?????????,????????,?????????????????????

45

• ????????????,???????????,???????????????????
• ???????????????????,?????????,???????????
• ????????????????,????????
• ??????????,??????????????,?????????????????????,??
  ???????????
• ?????????????,??????????
• ?????,????????????10??????????,???????????,??????
  ?
• ????????????,?????????????????

46

• ?????????????????,???????,?????????????,??????????
  ??????????????????,??????????,????????????,??????
  ??,?????????????
• ?????????????????????????,????????,???????????????
  ?????????,???????????????????????????????,????????
  ?,????????????,????????????,??????????
• ????????????????30?40????????????,??????????????
  ?,????????????????????

47

• ??????????????????,?????????????????,??????,??????
  ????????????,????????????,??????????,??????????,??
  ???????????????????????
• ????????????,??????????,??????????,??????????????,
  ?????????????????????????,????????????????????????
  ?,???????
• ?????????,??????????,?????,????????????????,?????
  ????????,????????????,?????????
• ????????????,???????????????,?????????????????????
  ?????????,??????????,????????????,???????????,????
  ???????????

48

• ?????????,?????????????????????,??????????????????
  ???,??????????????????,??????,???????????????????(
  compensatory tax),???????????,???????????????????
  ?????????????????,???????????

49

• ????????,????????,?????????????????,??????????????
  ?????,??????????????,????????
• ????????????????????????????????,?????????????????
  ???,???????????????????????????,??????????????????
  ????????????????????,?????????????,???????????????
  ??
• ???????????????,??????????,??????????????????????,
  ???????????,??????????????????,???????????????????
  ??

50
???????

• ????,??????????,?19????????,???????,??????????????
  ??????????,????2002?????????,???????????????,?????
  ?????,?????,???????????????????
• ?????,???????????,???????????????????????,??,?????
  ??????,????????98?????????,???????,????????

51

• ?????????????,????????????????,??????????????????
  ,????????????????,??????????????????????,????????
  ???????,???????????????????????????,????????,?????
  ????????,??????????????????

52

• ????????????,????????????????????????,?????????,??
  ???????,??????????
• ?????????????????,???????,????????????????????????
  ?????????????,??2002?????????????????????????????,
  ????????????????

53
??????????? ???????????2011-8-22

• ????????,????????????????,??????????????,?????????
  ?????????,?????????????????????????,??????????????
  ??????,???80??????????????,??????????????40,????
  ???????,??25????????,????,?????????15?
• ?????????????,???????????6?????,????????,???40,?
  ???????????,??????????????????,??????10??????????
  ??????????,???????????????,??????????,???????????,
  ?????????

54

• ??????,?????????????????,???????????????????????,?
  ??????????????????, ??????????????????,??????????,
  ??????????????????????????????????????,??????????
  ???????,???????????
• ???????????????????,??????????????????????,???????
  ?????????,?????????,???????????????,??????????????
  ,??????????!