The Tax Planning Strategy Of Commercial Banks

Taxation is a daily fixed expenses of enterprise management, concerned by business managers, the tax burden is deciding enterprise disposable income level, plays a crucial role in enhancing the competitiveness of enterprises. In China, due to various reasons, some state-owned enterprises tax planning consciousness, and some private enterprises imagines taxes as great scourges, through a series of improper means to steal, tax evasion, by the legal sanctions. Such situations arise although there are historical, institutional and other reasons, but not familiar with the concept, methods of tax planning, objective, also is the most important factor in the wrong view of tax. Tax planning refers to the taxpayer by simple, reasonable arrangements for the future tax behavior, to reduce the tax burden, obtain comprehensive enterprise value maximization. More and more enterprises recognize that, in order to solve the heavy tax burden, not only expect the national large-scale adjustment of the tax system to provide tax breaks for businesses, but should actively carry out tax planning.With the further development of market economy, the increasingly fierce competition in the financial market and financial industry tax system, supervision system gradually perfect, commercial banks have gradually awakening consciousness in tax planning on, but the current research on tax planning strategy in commercial banks is less. The purpose of this research is through case analysis method for in-depth study summary of commercial banks the key points and main strategies of tax planning, and analysis of the main problems of the Commercial Bank of our country tax planning faced, and puts forward relevant policy suggestions.In structure, this paper is divided into five parts, the first part is the introduction, the main content is to introduce the research background, research purpose and main research methods. This paper is divided into three modules, respectively is about the tax burden of the banking sector literature review, literature review about the tax planning of commercial banks and about China’s banking tax reform literature review. Through the summary of research results of scholars, to provide the necessary theoretical basis for writing this paper.The second part is the analysis on the standard of tax planning. This part is divided into four parts, one is the basic concept of tax planning. Mainly summarizes the characteristics of tax planning, to help readers more direct understanding of the concept of tax planning. Two is the objective of tax planning. This paper argues that there are four main tax planning objective, which is to reduce the tax risk, reduce the tax burden, to obtain the time value of money and the maintenance of their own legitimate rights and interests. Three is the tax planning principles. Mainly divided into legal compliance principle, comprehensive principle and timeliness principle. Four is the risk of tax planning. Mainly include policy risk, operational risk, management risk and law risk.The third part is the Commercial Bank of our country are analyzed the necessity of tax planning. In the statistical description of the module, data of the financial statements of the2002-2011fourteen listed joint-stock commercial banks, fourteen banks to calculate the average annual actual tax burden rate, and compare with the macro tax burden in person, at the same time the internal structural analysis of the tax burden on banks, preliminary judgment the tax burden of China’s commercial banks. There are two main macroeconomic factors caused by commercial banks for tax planning, one is the interest rate marketization reform to promote the tax planning of commercial banks, one is the "camp to add" to promote commercial bank tax planning. There are four micro factors caused by commercial bank tax planning, tax planning is conducive to enhancing respectively profitability, safety, liquidity of commercial banks in China, tax planning can help to optimize the business structure of commercial banks, tax planning is helpful to enhance the management level of Chinese commercial banks, tax planning can help to enhance the international competitiveness of China’s commercial banks.The fourth part is the analysis of the case. This paper selects the listed banks (referred to as B bank) annual report for2012, is a case analysis of tax planning for several important tax planning point. The sections of the practical operation of strong, relates to data, more tax terms. In the adjustment of business tax planning, tax preferential policies according to tax law, and puts forward the reasonable expansion of financial institutions between income and fee income, in accordance with their own actual situation to enhance the bond interest income of the proportion of such views. In the staff welfare spending and tax planning, based on the relevant provisions of China’s enterprise income tax law as the basis, the use of B bank in2012data, calculation of B bank in the expenditure of trade union funds, staff welfare, staff education and the related tax revenue. In advertising, business promotion expenses as well as public welfare expenditure tax planning, in addition to calculate taxes benefits according to the corresponding preferential tax policies, this paper also puts forward the commercial banks in the process of daily management, should be based on the actual situation, to improve the tax benefits through reasonable proportion of advertising and business promotion expenses proportion, at the same time that the charitable donation has deducted tax benefits, but also can bring certain social benefits for the enterprise, the optimization of enterprise social image. In debt assets tax planning is mainly concentrated in the houses and buildings of debt assets, the main planning methods of planning for the business behavior. In the aspect of depreciation of fixed assets of tax planning, this paper is the application of accounting of different measurement methods for planning, calculate each kind of fixed assets depreciation method of the tax benefits, puts forward the significance of depreciation of fixed assets of tax planning, to obtain the effect of deferred tax, get the time value of money, and is equivalent to the interest loan. Based on this view, a commercial bank shall, according to their own actual situation, to choose accelerated depreciation method of depreciation of fixed assets, remain unchanged in the depreciation amount, increase the early depreciation. In contrast, in the provision for depreciation of fixed assets in decreasing method, double balance method for the highest tax benefit.The fifth chapter is the summary and suggestions on relevant policy on China’s commercial banks are the main factors of tax planning. This chapter is divided into the problems and policy recommendations of two parts, each part is composed of four points, one one corresponding. The main suggestions for establishing the consciousness of tax planning, tax preferential right to expand space, gradually and steadily promoting the "camp to add" and the marketization of interest rate, strengthen financial innovation and improve the professional level of taxation.For the development of tax planning of commercial banks, this paper thinks it should be by two line step by step. A line is to deepen the financial sector reform of the tax system, to provide space and tax planning, tax planning a good environment for commercial banks. Another line is the commercial bank itself should abandon the old concepts, and actively explore the commercial bank tax planning methods and the space, causes our country commercial bank not only to the healthy development of the domestic financial market, international competitiveness can make Chinese commercial banks maintain strong competition in the international financial market.