资本弱化不应简单地定义为债务资本与权益资本比例的失调,而应看其目的是否为了避税。只有纳税人以避税为目的时,才能将其债务资本与权益资本比例的失调认定为资本弱化。对于资本弱化,我们不能仅仅因为它避税的一面就对其大加限制,应该还要看到其有利的一面并加以利用,以促进经济的发展。为了能正确认识资本弱化,规避其不利之处,利用其有利之处,本文对资本弱化进行系统探讨。首先从资本弱化概念的界定入手,然后进一步探寻其存在的理论渊源和原因,并对其避税的原理进行了分析,最后阐述其利弊,从而希望能对正确认识和利用资本弱化起到一定的指导作用。 Weakening of capital should not be simply defined as the imbalance between the proportion of debt capital and equity capital, but whether its purpose is to avoid tax. Only when taxpayers aim at tax avoidance can they be deemed to have weakened their imbalance of debt capital and equity capital. With regard to capital weakening, we cannot limit it only because of its tax avoidance side. We must also look at its favorable side and use it to promote economic development. In order to correctly understand the weakening of capital, to avoid its disadvantages and use its advantages, this paper systematically discusses the weakening of capital. First of all, starting from the definition of the concept of capital weakening, and then further explore its theoretical origins and causes, and analyze the principle of tax avoidance, and finally expound its advantages and disadvantages, hoping to be able to correctly understand and use the capital weakened to play a certain guidance effect.