宏观目标决定政府市场角色定位,进而影响市场调节工具的选择。政府对证券市场的不同政策目标影响着证券市场中政府角色的定位。税收作为国家宏观调控的重要手段,与行政手段、法律手段等监管手段相比,税收调控手段具有比较优势。合理的税收布局不仅可以优化市场,稳定市场预期,抑制市场投机行为,而且可以实现对市场交投行为的利导,保护中小投资者的合法权益,特别是根据市场短、中、长期交投策略,实施差别税率,可引导价值投资。本文从政府对证券市场的目标需求出发,探讨证券市场中政府角色定位问题,进而阐述税收手段对证券市场调节的比较优势。
The choice of market regulation tools is affected by the role of the government market that is determined by macro objective.The positioning of the government role in the securities market is also affected by the government's different policy objectives for the securities market.As an important means of state macroeconomic regulation and control, taxation has comparative advantages compared with administrative measures and legal means. A reasonable tax arrangement can not only optimize the market,stabilize market expectations and restrain speculation in the market,but also realize the guidance of the market's trading behavior and protect the legitimate rights and interests of small and medium-sized investors.Especially according to the implementation of differential tax rates by the market's short, medium and long-term trading strategies, the real investment can be guided .In this paper,we want to explore the role of the government in securities market positioning according to the target of government in the securities market,and then explain the comparative advantages of tax regulation.
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