Research on Tax Collection and Management of Internet Finance --Illustrated by the Example of P2P Online Lending Platform

Jian CHEN, Binwei GUO, Fengping LI, Jing LI

Abstract


Peer-to-Peer (P2P) online lending platform is an important field for Internet Finance tax administration. In this paper, a series of related problems are brought out, including laws and regulations lagging behind economic development, weak consciousness of individual self-declaration, opaque data on P2P platforms, difficulty in defining regulatory bodies, and irregular accounting procedure. To this end, the researchers put forward following suggestions: establishing a sound real-name transaction system and registration system; establishing an information-sharing mechanism with financial regulatory agencies and credit rating agencies; defining P2P online lending platforms as individual income tax withholding agents; standardizing the accounting procedure of the platforms’ current funds; applying the blockchain technology to electronic invoice management.


Keywords


Internet Finance; Tax collection and management; P2P; Online lending platform

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References


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DOI: http://dx.doi.org/10.3968/11403

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