The Tax Planning Study In Enterprise's Investment Management

Under the general background that China's accession to WTO and gradual participation in the globalization of economy, our country's tax system is gradually improving today, people began to have a deeper level of understanding to tax planning; There are intrinsic linkages between tax planning and the reform and development of enterprise; Tax planning is the inevitable choice and requirement of establishing a modern enterprise system under the legal system in China is improving daily. In this environment, businesses need to take positive measures to cope with it as well as integrate investment with tax planning activities very well to seek greater benefits.Based on the foundation of predecessors, this article give a more systematic study to tax planning in enterprise's investment management. This paper is divided into four parts which covers seven chapters.The first part which is the first chapter is introductory part of the article. Firstly, it demonstrates the significance of the study, and then introduces some research of experts and scholars in this field, so as to determine the scope and objectives of the study; finally, it explaines the method and innovation of the research.The second part, which is the second chapter, is conceptual framework and basic principles of tax planning. It introduces some related concept of tax planning and four basic principles during implementation.The third part, which is the third chapter, is analysis of cost-benefit and risk. In this part, according to the core idea of effective tax planning theory, I think only comprehensive account of costs and revenue that are dominant and recessive, the tax planning is effective planning, that is, tax planning should seek to maximize the net profit. Enterprise should comprehensively grasp the risk of tax planning in order to maximize the net profit. Therefore, this section also addresses the risk of tax planning and prevention. Part four, including chapter IV, V, VI and VII, on the basis of the theory and previous case, it describes some idiographic ways of tax planning from four aspects: investment industry, investment structure, investment methods, and investment credits respectively, offering the reference to the actual work.The innovation of the paper reflected in:1.Based on the effective tax planning framework of Myron S.Schooles, the paper concludes that the cost of enterprise's tax planning should include the dominant and recessive cost; income should include explicit and implicit earnings gains. The judgment of tax planning not only calculate the minimizing cost or maximizing profit, but also should consider dominant costs, recessive costs, dominant and recessive income, that is seek to maximize the net gain of tax planning.2.This paper also emphasizes under the objective guidance of the net gain maximization, tax planning should make use of the latest tax policies, regulations and related data, as well as band financing and other financial activities together.3.Through specific cases in four aspects: investment industry, investment structure, investment methods and investment credits, the text innovated tax planning on practical area.