Research On Effects Of Finance To Tax Risk In Machinery Manufacturing Enterprise

With the advancement of economic globalization, the economic behavior of enterprises is more and more complex, tax laws and regulations are more and more complicated, the tax risk of the enterprise is also growing. Tax contribution of manufacturing industry accounted for one-third of the total tax revenue, but most enterprises in our country have not realized the necessity and urgency of tax risk management, tax risk management level already cannot satisfy the requirements of enterprise overall risk control and improvement of the corporate governance. Under the background of the global economy sustained downturn, prompting big companies to monitor and manage the tax risk is critical. Taking160mechanical manufacturing listed companies in2008-2011as the research object, this paper researches on the basis of the theoretical and empirical analysis of tax risk management at home and abroad.First of all, under the guidance of the enterprise risk management theory, game theory and information asymmetry theory, based on the actual tax burden and tax risk assessment indexes, this paper carries on the descriptive statistics of tax risk in machinery manufacturing. From the sample overall, the actual VAT of machinery manufacturing increases after decreases first, when actual income tax and the overall tax burden increase year by year; take special equipment manufacturing industry as an example to research mainly tax risk, the result shows that most enterprises have penalty risk of VAT and income tax, VAT transformation lowers the VAT risk of enterprise; points area to research the tax risk characteristics of mechanical manufacturing, the result shows that tax penalties are at greatest risk in western China, the tax risk of eastern region is smaller; most of the secondary machinery manufacturing industries have tax penalty risk.Second, build a regression model of tax risks, focusing on the impact of financial status to tax risks. The empirical results show that the actual VAT tax, the actual income tax, liquidity ratio, return on net assets, main business revenue, cost of main business and company size are positively related to the tax risk, and total assets turnover ratio, asset-liability ratio and fixed asset turnover is negatively related to the tax risk.Finally, on the basis of empirical analysis, from perfecting the tax risk internal control environment, focused on preventing risks of VAT, selecting tax risk control points according to the scale, put forward management suggestions on tax risk control, and provide some useful reference to prevent enterprise tax risks.