Tax Planning In The Modern Enterprise Fund-raising Activities In The Research

During the financing of modern enterprises exist many tax affairs, which will mostly effect the realization of the goal of enterprises' financial management. Enterprises making tax planning on financing will help them make correct financing decisions and realize the financial goal of enterprise value maximization at the same time of tax-saving. Under the background of modern enterprises' financing activity, this thesis research how to use tax planning in enterprises' financing so as to make financial decision and service the goal of financial management.At the beginning of the article, we use game theory to analyse the function of tax planning, proves that tax planning will benefit both enterprise and government and has positive sense to both of them.In the second part of the article, by using Capital Theory, it research how the enterprise use tax planning to select rational capital structure, maximizely reduce capital costs and how it effect the realization of the goal of financial management. It proves in theory that tax indeed effects the capital structure, it also tells us that reasonable tax planning helps to realize the goal of enterprise value maximization.The third part of the article is the core of this dissertation, it 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.In the end, aim at potential risk accompanied by tax planning during the financing activity, we discuss the risk types and risk prevention during the tax planning course.