英美个人所得税比较

1、Differences and Similarities Implication Differences and Similarities Contents Taxation System Tax jurisdiction Scope of taxation Income tax rate Tax Credits Taxation System Both UK and US are based on the comprehensive income tax base Advantages of comprehensive income tax They both utilize domicil

2、iary jurisdiction And source jurisdiction. In US, tax obligation is also based on citizenship Tax jurisdiction similarity difference Scope of taxation the gross income includes earned income, capital income and transfer income. the computation of taxable income and income tax liability Include Incom

3、e tax computation, personal allowances and gift aid. Income tax computation consists of three columns-saving income, non-saving income and dividend income. UK US . Statutory redundancy money UK I Income from investments made through individual savings accounts Interest on damages for personal injure

4、 Winnings&Scholarships Income from National Savings Certificates 1 4 2 5 3 6 t t Local authority grant 1 2 3 us Death benefits payable under a life insurance contract Interest on certain tax-exempt State and local bonds Employer-provided health insurance 4 5 Employer-provided pension contributions C

5、ertain other employer-provided benefits Chart Title in here 2004200520062007 30 50 70 120 Income tax rate U S Chart Title in here 2004200520062007 30 50 70 120 Income tax rate U S Tax Credits Qualifying travel expensesTravel expenses in the performance of duties are entitled to relief. Deductible in

6、terest Tax relief UK Image Info www.wizdata.co.kr - Note to customers : This image has been licensed to be used within this PowerPoint template only. You may not extract the image for any other use. Personal allowances Tax Credits Earned Income Credit Child tax credit US Image Info www.wizdata.co.kr

7、 - Note to customers : This image has been licensed to be used within this PowerPoint template only. You may not extract the image for any other use. Tax system optimization Implications Tax leakage levy and management capability improvement Turn The poor tax to millionaires tax Cultivate Tax compli

8、ance consciousn ess of taxpayers Tax system optimization Families file the tax return as units Regional differences should be taken into consideration Set up dual income tax system Enlarge the tax base Expense deduction Tax leakage levy and management capability improvement Establish taxpayer coding

9、 system Forcing of the non-cash income settlement system Establish personal property registration system Image Info www.wizdata.co.kr - Note to customers : This image has been licensed to be used within this PowerPoint template only. You may not extract the image for any other use. Turn The poor tax

10、 to millionaires tax Strengthen the collection and management of high earners Take care of the low-income Cultivate Tax compliance consciousness of taxpayers 2. Enhancement tax law propaganda 1. Strengthen the governments knowledge of a clean and honest administration TEAM ONE 1 2 3 us Death benefit

11、s payable under a life insurance contract Interest on certain tax-exempt State and local bonds Employer-provided health insurance 4 5 Employer-provided pension contributions Certain other employer-provided benefits Tax system optimization Families file the tax return as units Regional differences should be taken into consideration Set up dual income tax system Enlarge the tax base Exp