摘要
在现代金融中介理论的基础上,考察税收对融资方式选择的影响。研究结果表明,在完全竞争条件下,当银行为客户提供的交易服务成本很低时,以较低的税率对储蓄利息开征利息所得税不会影响储户(或投资者)在储蓄和直接投资之间的选择；对银行贷款利息收入开征营业税,则会引起税收转嫁,提高贷款利息率,使部分企业选择直接融资方式而不是从银行贷款；银行业所得税也会提高贷款利率,减少贷款需求量。
Based on modem theory of financial intermediary, the paper examines the effects of taxation on the means of finance. The result shows that, under the condition of perfect competition, if bank＇ s costs of providing transaction services for customers are sufficiently small, then a small tax on deposits interest income does not affect the choice of depositors（ or investors） between deposits and direct investment; A business tax on bank loan interest income leads to tax incidence, thus raises loan rates and induces entrepreneurs to switch from bank loan to direct financing; a tax on bank＇ s income also raises the loan interest rate, and hence reduces the demand of loans.
出处
《云南财贸学院学报》
2006年第2期48-53,共6页
Journal of Yunnan Finance and Trade Institute
关键词
银行
税收
融资
Banking
Tax
Financing
