Researchers at School of Economics and Management Publish New Data on Discrete and Continuous Dynamical Systems (Research on the Individual Income Tax-Deferred Commercial Endowment Insurance from the Perspective of Fairness): Discrete and Continuous Dynamical Systems

2022 FEB 01 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- New research on discrete and continuous dynamical systems is the subject of a new report. According to news reporting from the School of Economics and Management by NewsRx journalists, research stated, “In order to alleviate the pressure of the basic endowment insurance system, China has implemented the policy of individual income tax-deferred commercial endowment insurance (IITDCEI) and actively explored the development path of individual supplementary endowment insurance.”

The news journalists obtained a quote from the research from School of Economics and Management: “At present, the same tax rules are adopted for different income groups. Considering that people’s income gap is large, different income groups enjoy different degrees of tax preference under this policy, which may cause social injustice and increase the gap between the rich and the poor. Based on this, we propose a new optimization scheme by adjusting the tax rate and the maximum premium limit of the insurance amount so as to coordinate the interests of low-, medium-, and high-income subjects and balance the degree of tax preference among the three subjects.”

According to the news reporters, the research concluded: “At the same time, we also change the two parameters of the predetermined interest rate and retirement age, and compare the changes of the tax preference under the old and new schemes, and provide corresponding countermeasures for the implementation of the IITDCEI policy.”

For more information on this research see: Research on the Individual Income Tax-Deferred Commercial Endowment Insurance from the Perspective of Fairness. Discrete Dynamics in Nature and Society, 2022,2022. (Discrete Dynamics in Nature and Society - https://www.hindawi.com/journals/ddns). The publisher for Discrete Dynamics in Nature and Society is Hindawi Limited.

A free version of this journal article is available at https://doi.org/10.1155/2022/2528056.

Our news editors report that additional information may be obtained by contacting Tingshan Song, School of Economics and Management.

(Our reports deliver fact-based news of research and discoveries from around the world.)