A Study Of Tax Planning In Domestic Enterprises Merger And Acquisition

Asset restructure is an important method for enterprises to expand or constriction, to harmonize or choose, and to control or anti-control in the market economy. It is also a common manner to adjust industry structure, optimise resource collocation, and improve the competitive. In the process of the asset restructure taking form of combine, merger, detach, replace, sale and restructure, it may change the property right of the company and the subject relationship. It may also bring the tax problem. Though tax is not the direct aim in the M&A, it should not be overlooked in the course of decision-making and implement. Enterprises should make use of the revenue policy and the leverage, to lighten the tax burden and reduce the cost. It can earn the most benefit.Tax planning is that in permit of the law the taxpayer can gain the profit by operating, investment and financing in advance. The tax planning in M&A is an advanced and reasonable plan to choose the object and finance. It can help the company reduce the cost and achieve the goal of value maximization. If a company's tax planning is implement successfully, it can enjoy the benefit of the taxation, in opposite, if we ignore the tax problem, it may bring a lot of troubles, so much as get into a trap. The decision-making should pay attention to this.This paper discussed the tax planning in domestic enterprises M&A by interpreting theory with practice. In the basis of research the theory of M&A and tax planning, the paper analysis the characters of M&A and the involved tax policy. It mainly researched systemically the circulation tax and income tax influenced the M&A, the diversity of the tax policy in different areas and it also clarify the feasibility of tax planning in M&A. As follows, this paper discussed the main thought ways and concrete methods in domestic enterprises M&A by examples. This body enclosed four aspects, such as the chosen of the object,the contribution, the financing and accountant and so on. It also researched the venture of tax planning in the M&A and the way of avoidance. At last, in the aim of strengthening the domestic enterprises' competitive, updating the divorces and renewing the technique, the paper discussed the necessary of reform the value added tax to assure the standing, speeding and healthy economic progress.This paper try to put forward the thought way and method of the tax planning in M&A. It also try to lead the company make use of the revenue policy and the leverage, update the conception of revenue, reduce the cost scientifically and reasonably, achieve the benefit maximization, realise the harmonious growth of the firm value and government revenue.