本文从微观、宏观和国际比较三个层面分析了当前我国资本外流的严峻局面,提出当前我国宏观经济管理的当务之急是控制资本外逃。在这一基本判断基础上,分析了国家税务总局2012年第30号公告对于稳定资本外流的政策意义,认为减税维稳政策的科学性受到四个方面的挑战。鉴于我国资本外逃成因的复杂性和趋势性,稳定资本外流的政策目标还需要改革的综合设计相配合才能实现。 This article analyzes the current severe situation of capital outflow in China from three aspects: micro, macro and international comparison, and puts forward the immediate priority of macroeconomic management in our country at present to control the capital flight. On the basis of this basic judgment, this paper analyzes the policy significance of Notice No. 30 of 2012 of the State Administration of Taxation on stabilizing capital outflow and holds that the scientific nature of the policy of tax reduction and stability maintenance is challenged in four aspects. In view of the complexity and trend of the causes of capital flight in our country, the policy goal of stabilizing capital outflow needs the comprehensive design of reform in order to be realized.