有限合伙制私募股权基金的税法规制  

Tax Regulation on Limited Partnership Private Equity

作　　者：张学博[1] 

机构地区：[1]中共中央党校政法部,北京100091

出　　处：《甘肃行政学院学报》2012年第4期116-126,129,共11页Journal of Gansu Administration Institute

基　　金：2012年教育部人文社科青年基金项目<私募股权基金税法规制研究>(项目编号12YJC820116)的部分成果

摘　　要：蒙牛乳业是有限合伙制私募股权基金的一个经典案例。从蒙牛乳业有限合伙制PE的交易结构入手,研究其税务安排,发现现行有限合伙制PE税制在普通合伙人的附加收益的所得性质、回拨机制、亏损抵扣等问题上均存在税法歧视有限合伙的问题。同时,考察美国参众两院关于有限合伙制PE最新的税案,对有限合伙制PE持限制态度。因此,对于有限合伙制PE应在采取税法鼓励的同时,通过税法手段防止其成为资本圈钱的金融工具。Mengniu Dairy is a classic case in Private Equity.The paper had a research on tax plan in the perspective of exchange construction of Mengniu Dairy PE and found that there were many problems on income nature of carried interest、callback mechanism、loss deduction and so on.The paper had a research on recent tax law of limited partnership PE of US Congress in which US congress had a limited attitude toward limited partnership PE.Therefore,we should encourage limited partnership PE by tax law and inhibit limited partnership PE being a finance instrument to game of capitalism.

关 键 词：有限合伙制 私募股权基金 税法规制 税法歧视 

分 类 号：D922.22[政治法律—经济法学]