派送红股前后公司资产价值与股东个人财产价值的增减情况的对比 ,以及派送红股行为的性质 ,可以认为派送红股不同于公司用现金、实物分红。后者是公司利润分配的法律形式 ,而前者却是限制公司利润分配的法律形式。因此 ,对红股征收个人所得税存在理论上问题 ,对实际经济生活也是有害的 The distribution of bonus shares before and after the company’s asset value and the personal property value of the increase and decrease of the situation, as well as the nature of the behavior of bonus shares, bonus shares can be considered different from the company in cash, in-kind dividends. The latter is the legal form of the company’s profit distribution, while the former is the legal form that limits the company’s profit distribution. Therefore, the collection of personal income tax bonus shares there is a theoretical problem, the actual economic life is also harmful