Research On The Enterprise Investment Tax Planning Based On The Enterprise Value Chain

In strategic management of modern companies, the core thought of the value chain is in the outcomes of the value chain. The company needs to create the value for the end customers, even to create the higher value. Thus, the old customers were kept, the new customers created and the sustained competition strengthened. The meaning of tax planning is that the taxpayers arrange economic activities in advance under the permission of tax laws according to management, financial management, organization, trading and so on, base on the purpose of the-tax-burden-lowest and the-tax-income-highest. From the respects of enterprise strategies, tax planning plays an important role in various investment activities, such as reforming, improving or abandoning some parts of the enterprise value chains. The utilization system thought, which unifies enterprise's value chain and the tax planning to develop the study of enterprise's value chain strategy and the concrete investment behaviors. And that the thought of tax planning through the entire process of the enterprise investment to displays these two kinds of management theory maximumly which counts for munch theory and the practical significances.Chapter 1 elaborates the overall theories of tax planning, analyzing the basic tax planning theories and the realistic meanings. And chapter 2 introduces the basic principle of tax planning in detail that makes a logical foundation for the rest part of the paper.Chapter 3 is a textual point and a little bit creative. In a new way of enterprise strategic value chain that combines together the value chain and tax planning, put forwards the two way of thinking that are the enterprise inner investment tax planning and the industry value chains tax planning, analyzes emphatically the relationship between the enterprise value chains and tax planning in the investment process of the enterprise.Chapter4, take the papermaking industry value chains as the case. The enterprise should fully consider the tax laws influences, choose the investment way reasonably when the enterprise integrates its value chains, such as the fixed asset project investment, the establishment subsidiary company, making choices of enterprise consolidation or branch, and so on.Chapter 5,from the property right system angle, the author elaborated the basic tax law vicissitude theory and the new tendency of the tax planning facing now when our country marched into the latter transition period of WTO which is a new round tax reform period.This article takes the enterprise value maximization as a goal, based on the enterprise value chain strategic target and the correlation tax law, the law system, the financial managements goal. From the respect of enterprise value chain, the article integrated the enterprise value chain and the tax planning as an organic union, what's more, the article conducted the certain innovation research in this level. The use of new ideas and case, the article analyses the relationship between the enterprise value chain and tax planning in detail. And drew the following conclusions:Firstly, government tax revenue is the main macro-control means, the enterprise tax planning should be based on"obeying the laws". Although the tax contract between the government and enterprises is a strong contractual relationship, it is an incomplete contracts. Which makes the enterprises tax planning possible. As competition intensifies, the means and methods of enterprises tax planning are more and more advanced. Tax planning has become the major areas of enterprises management activity.Secondly, the enterprises investment on the time, place, form of organization and investment industry are the major provisions of tax planning. How to arrange the enterprises investment in all aspects reasonably, which may fully enjoy preferential tax treatment by the state, is the tax planning key to success.Thirdly, the enterprise investment strategy is deciding the key to success. The enterprise value chain optimization is the basis of tax planning. Without the enterprise value chain optimization, the tax planning is tantamount to give up. In the process of enterprise value chain strategic integration, the company's core competitiveness is the foundation, and the interests of other stakeholders is a necessary condition, and to create greater customer value is the starting point and goal. Enterprise investment tax planning and other enterprise activities which create value for customers in the same way, it is innovative activities. The main purpose is to improve the enterprise value chains and the tax planning is just an assistance during the enterprise tax planning.Finally, property rights system is a historical category. We should grasp changes from the dimensions of existing system and the dimensions of institutional change, and so does the tax laws. With the rapid economic development, the reform of property rights will be promoted. The new tax systems which is a product of reform will bring the enterprise tax planning activities new challenges and opportunities.