Research On Tax Planning Of ABC Coal Company

Tax law is the legal obligation of the taxpayer should perform.Tax collection is one ofsignificant outflow of economic benefits for enterprises. A direct impact on corporateprofitability and cost control. By optimizing the organizational structure of enterprise, improvingthe level of accounting, full using of the state preferential tax policies, the tax burden andoperating costs can be reduced. At the same time the level of financial management and overallcompetitive strength can be improved. For China’s coal industry, the willingness to tax planningis gradually strengthening. In recent years, the coal industry is in the doldrums development.Faced with enormous competitive pressure to survive and lacking of the power of sustainabledevelopment, how to reduce the overall cost of business, improve core competitiveness ofenterprises and improve the ability to resist risks have been problems to be solved for the entirecoal industry. Tax planning of enterprises is an effective way to solve these problems.In this paper, the background, purpose and meaning of tax planning is analyzedcomprehensively. The importance of tax planning for enterprises is pointed out, especially for thecoal enterprises. Also the current research of tax planning is introduced. At the same time thetheory of tax planning is described. This paper makes ABC Coal Company as an example. Thestatus of company is analyzed from the basic situation of the company, financial situation,background and current situation of tax planning and other aspects. Tax planning space and someproblems in the process of tax planning are found. Combining with ABC Coal Company’staxable behavior, how to conduct tax planning in the company is introduced as a case fromvalue-added tax, corporate income tax, resource tax and personal income tax. The last, in orderto ensure smooth implementation of tax planning, some rationalization proposals are putforward.