A Exploration of Accounting and Taxation Issues in Asset-backed Securitization Business

Asset backed securitization is one of most advanced financial tool in the world. At present, development of Chinese asset backed securitization is still in the beginning phase, lacking practice experience. The accounting and taxation technique is not so consummate to sustain asset backed securitization. That is an issue for the expansion of ABS financings in our country. On the base of drawing on successful experience of securitization in developed countries, this paper focuses on the accounting and taxation problems of asset backed securitization. With a consideration of the characteristics of asset backed securitization, this paper advances some suggestions.