An Empirical Study On The Influence Of CFO Characteristics On The Degree Of Tax Planning In Listed Corporation

Tax planning is the important part of tax theory. Enterprises pay close attention to tax planning because it has significant impact on operating costs and cash outflows. As Tax planning throughout the entire process of the enterprise from setting up, running to the final disappearance, managers should consider all the factors to develop an optimal planning. Successful tax planning can save costs and enhance competitiveness. Under the background of global economic competition, CFO is both supervisor responsible for the board of directors and manager in charge of finance. Our CFO system is becoming similar to the international one gradually. As the top manager of finance in the enterprise, it is CFO in charge of all aspects of finance and accounting. CFO is the key person on formulating and implementing tax planning schemes and has a significant impact on the extent of tax plan of an enterprise. The existing research made by western scholars is based on Europe and America listed corporations, and it is not all in line with China’s specific conditions. So it is significant to study on CFO characteristics ` influence on tax planning degree.Based on corporate governance and tax planning theory this paper analysis the influence of CFO characteristics, including sex, age, education background, part-time outside the unit, be a director, salary and shareholding on the degree of tax planning, and does empirical research with data of 2011-2013 listed corporations. The main conclusions contain:First,sex, education background, be a director, salary of CFO have no significant effect on the degree of tax planning. Second, age, part-time outside the unit, shareholding of CFO has significant positive effect on the degree of tax planning. At last through empirical research, this paper gives some suggestions.