The Research On Taxes Planning In Enterprises Financial Activities

There was tax planning in the western country qiute early, and it was known to everyone. But Today, from a domestic perspective, the tax planning study is still at the initial stage. With the reform and opening to the worldunceasingly deep-going, socialistic market economy's further perfection,and in the environmnent of global economy integration, enterprise have to raise, foster and consolidate their core competition ability if they yearn for survivaling and developing. Moreover, they should broach resource and joint flow from mufti-angles and mufti-canals in putting shareholder authority and wealth maximum into execution. Because revenue acts as an important and being as unable short of outgoings, it has a direct effect on enterprise's net profit. Just so, enterprise should take activities to do some tax planning, it also has an realistic economic signification in helping heighten financial management level and pick up enterprise's market competition ability.As an important part of financing management, financing is not only a beginning of Enterprise operation, but also the basis of enterprise development. the factors that policy makers consider often are financing costs,financing risk, investing items, profit capacity,capital structure and etc while making decisions in the past time, they seldom consider the effects of tax policy.This paper discusses how to apply tax into enterprise financing. It proves in theory that reasonable tax planning helps to realize the goal of value maximization by analyzing the relationship of capital structure and enterprise value.From the government and corporate tax acts Game angle of analysis, Game prove the results achieved in enterprise revenues and the government's macro-control goals of win-win effect, further clarify the positive meaning of tax planning of the government and enterprises and describes the necessity and feasibility of corporate fund-raising activities carried out the tax planning and lays the theoretical foundation and provide a guiding ideology for the fifth chapter of the tax code of conduct plan. The article introduces a series of financing-modes and corresponding tax planning practice, from capital structure decision, financing by stock, bond and financing lease to consider tax planning, so as to realize the goal of enterprise value maximization.Discuss on how to proceed with fund-raising activities of tax planning, describes the case with the financing of the substantive tax planning process, as well as the suggestions of this study.