我国已划转万亿国资充实社保基金，免征3项税收

Core Viewpoint - To alleviate the pressure on the basic pension insurance fund and enhance public welfare, China has transferred part of the state-owned capital to bolster the social security fund and introduced significant tax incentives [2]. Group 1: Background and Context - The basic pension insurance fund has been under increasing pressure due to economic development and population aging [3]. - In 2017, the State Council issued a plan to transfer 10% of state-owned shares from central and local state-owned enterprises and financial institutions to address the funding gap created by the policy of recognizing years of service for pension contributions [3]. - By the end of 2020, the transfer of state-owned capital from 93 central enterprises and financial institutions was completed, totaling 1.68 trillion yuan [3]. Group 2: Tax Incentives - The recent notification outlines four major tax incentives related to value-added tax, corporate income tax, and stamp duty [5][6][7][8]. - All interest and income from financial products obtained through loans related to the transferred state-owned shares and cash income will be exempt from value-added tax [5]. - Income from the transfer of state-owned shares and cash income will be classified as non-taxable income for corporate income tax purposes [6]. - The transfer of non-listed state-owned shares will be exempt from stamp duty [7]. - For the transfer of listed state-owned shares and securities transactions using cash income, a system of advance collection and subsequent refund of stamp duty will be implemented [8]. Group 3: Implications for Social Security Fund - The transfer of state-owned assets to the social security fund is viewed as a shift of resources within the fiscal system, with the ownership remaining unchanged, but the benefits being redirected more towards public welfare [8]. - The tax exemptions are designed to prevent a reduction in the benefits derived from the transferred assets, which could lead to a funding shortfall in the social security fund [8]. - As of the end of last year, the number of participants in the basic pension insurance reached 1,072.82 million, with total income of 820.19 billion yuan and expenditures of 729.78 billion yuan, resulting in a cumulative balance of 872.26 billion yuan [8].