Study On The Income Tax Planning Of Enterprise Merger And Acquisition In Our Country

As an effective way of enterprise resource integration,Merger and acquisition(M&A),plays vital roles in the economic development.Through M&A, enterprises can realize low cost expansion, achieve the upgrading of industrial structure, improve core competitiveness of enterprises and implement the enterprise value maximization. The real estate industry, as a pillar industry of national economy in China also has ushered in the wave of M&A integration in recent years along with the gradual introduction of macroeconomic policies and increasing market competition. Tax revenue, as the main source of financial revenue in China, regulates the redistribution of income, has significant impact on China’s social economy life. Besides, it is also a significant factor for enterprise M&A business. Appropriate tax planning can reduce the tax burden of enterprises, reduce their M&A cost and help them to achieve maximum benefits of M&A. Among all categories of taxes influencing enterprise M&A, income tax has the biggest right and interests and it also has very big planning space in M&A business. Therefore, the thesis only researches on income tax planning issues in M&A.With the continuous reform of the tax law system in recent years,the income tax policies have formed a relatively comprehensive and unified system. The implementation of these policies and regulations makes the previous applicable tax planning methods lose the theoreticalbasis. Nowadays, China’s market economy is developing rapidly, so it is urgent to make the development of tax planning keep pace with the market economy. Therefore, under the guidance of the current tax law, to carry out China’s enterprise income tax planning properly has important theoretical and practical significance.Starting from the perspective of M&A enterprises, the thesis adopts the method of case analysis and tries to research on income tax planning issues in M&A. First of all,the thesis introduces the relevant basic theories of enterprise M&A and tax planning and discusses the targets and principles of tax planning in M&A. Secondly, the thesis analyzes the related enterprise M&A income tax policies. Thirdly, the thesis carries out systematic research on the tax planning ideas respectively from the aspects of the selection of target enterprise before M&A. Besides, on the basis of above studies, by taking the M&A case of Yang Guang on Beijing Xingtai Real Estate, the thesis expounds enterprise M&A income tax planning, and analyses the effectiveness of the tax planning scheme of Yang Guang, so as to guide enterprises to reasonably use tax policies for tax planning in each link of M&A. Finally, the thesis puts forward some risk prevention suggestions for tax planning.