Analysis Of The Impact Of Change From Business Tax To VAT On The Telecom Listed Corporations

Since January 1,2012, China officially opened, replace business tax with value-added tax (VAT) curtain, extended from Shanghai to the whole country, the scope of the pilot to expand step by step; industry also gradually expand the scope to follow, from the transportation industry, and part of the modern service industry, and then to the railway transport, postal and telecommunications industry, June 1, 2014. In the tax reform process, has been reported to the first quarter of 2014, the country has accumulated tax 220,300,000,000 yuan, but not all of the pilot enterprises will enjoy the replace business tax with value-added tax (VAT) brings, a survey shows that, a part of transportation enterprises and tangible movable property leasing business and not because of "camp increase the" policy and get a tax cut, but tax increase. Moreover, in 2014 June before, the telecommunications industry has not formally implemented replace business tax with value-added tax (VAT) policy, it is reported that the telecommunications industry the three leading enterprises (China Mobile, telecom and Unicom) tax burden will increase, the profit will be affected. Therefore, the telecommunication industry in the implementation of the "camp to add", the tax burden will increase, on whether the business performance will have a negative impact on the current types of literature, is still lack of in-depth study.Telecom enterprises is divided into two parts, one part is China Mobile, China Telecom, China Unicom led by three leading enterprises, namely to basic telecommunication business based, supplemented by the enterprise value-added business; the other part is fiercely competitive 20000 value-added telecommunications business enterprises. This article is from the classification of the telecommunications industry as the breakthrough point, the first empirical study of value-added telecommunications listing Corporation, analysis replace business tax with value-added tax (VAT) policy for the telecommunications industry business performance impact, the analysis found that, negative effect, turnover tax burden and direct tax burden on the value-added telecom business performance significantly at the same time, the turnover tax burden, more significant than the direct tax burden. Then on the three leading enterprises, the simulation analysis of the tax burden, the first step, this paper uses financial analysis method, comparison of the three enterprises in the implementation of replace business tax with value-added tax (VAT) policy before the debt paying ability, operating ability and profit ability, debt paying ability, operating ability that China Mobile and profitability were higher than China Telecom and Chinese Unicom conclusion; the second step calculated replace business tax with value-added tax (VAT) on three big business turnover tax burden effect size, the analysis found, three enterprises in the business tax burden of value added tax situation has aggravated, which China Mobile tax increases the most obvious, followed by the China Telecom, finally is China unicom. Finally, this paper respectively from two angles of government and telecom enterprises, put forward relevant measures of dealing with replace business tax with value-added tax (VAT) policy.