Tax Planning For Corporate Mergers And Acquisitions

M & A is an important mean to achieve the goal of expansion and integration, it is the essential way for enterprise development. M & A activity is a complex process influenced by many factors. Throughout the process of mergers and acquisitions, tax is always one of the key factors affecting the success of corporate mergers and acquisitions. With the improvement of mergers and acquisitions tax policy, Chinese enterprises will set off a new round of mergers and acquisitions boom. Take advantage of tax policy to do tax planning is not only conducive to smoothly conduct M & A activity, but also conducive to play a regulatory role in tax policy. This paper analyzes the M & A tax planning strategies to help companies save tax costs, to achieve the strategic objectives of mergers and acquisitions.This article takes an approach of combining theoretical research and case study together. Firstly, after introducing the domestic and international research about tax planning for mergers and acquisitions, this paper elaborated mergers and acquisitions and the related tax planning theories. After analyzing the motivation of corporate mergers and acquisitions activity, the M & A process is divided into 4 phases, the preparatory phase, the negotiation phase, implementation phase and the post-merger integration phase. Then introduces the meaning and goal of tax planning and the relations between restructuring and tax planning, establishing the theoretical basis of the article. Secondly, the system analyzes the corporate tax burden in various stages of the process of mergers and acquisitions, established the rules that should be obeyed in M & A tax planning, and in turn from choosing the right acquisition targets enterprise, the appropriate way of payment and financing, as well as post-merger integration and other aspects of the enterprise proposed merger and reorganization of tax planning strategies. Then, based on the use of the latest tax policy in mergers and acquisitions, citing a case of M & A to comprehensive analysis the tax planning of M & A. Finally, the article come to conclusions and suggestions for corporate mergers and acquisitions tax planning.