A Study On Corporate Governance, Cash Dividends And Over-investment Behavior: Based On Manufacturing Listed Companies

With the deepening fiscal and tax reform in our country, more and more enterprises begin to make an issue of trying to pay less tax on tax planning section or delay of time limit for tax cost insurance profit, however, some enterprises in tax planning time just blindly for tax purposes, ignore the risk of facing tax planning, made the enterprise therefore bear the unnecessary loss. At present, many large companies increasingly realized that the tax planning risk management for an enterprise to deal with the complex external environment and the importance of maintaining the healthy development of the enterprise.In this paper, under the above background, Based on the theory of tax planning and risk management, to XingYuan real estate companies as the research object, from the enterprise’s actual operation situation, the operation characteristics and fords the tax planning, and so on and so forth, using questionnaire survey and data index evaluation method, to find the risk management to prepare that enterprise pay taxes through the possible problems, and through the depth analysis of XingYuan real estate company, found XingYuan real estate development company tax risk management consciousness is not strong; Tax risk management mechanism is not sound; The lack of tax risk management personnel; Problems such as imperfect tax system of internal control. According to the results of the investigation and analysis, based on the experience of the past experts and scholars and combining XingYuan real estate development company’s own mode of operation and development strategy, this paper argues that the company should through the cultivation of the fiscal and taxation personnel tax risk management consciousness; Establish a scientific and standardized tax risk management system; Improve the system of tax risk internal management; Recruiting and cultivating talents on tax risk management to improve enterprise’s tax planning risk management mechanism, to ensure that the tax risk control in a reasonable scope, make sure the enterprise under the condition of legal operations to achieve production and business operation profit maximization.Finally hope this research can not only to XingYuan the tax risk management of real estate companies have a certain reference value, Also hope that the small and medium-sized real estate development enterprises in our country have a certain a salutary lesson.