Study On Financial Strategy For Companies Of Logistics Industry Based On Business Tax Reformed To VAT

With the deepening of China's economic development and tax reform, China's tax system is a step toward maturity.There are two tax systems exist in our country — —Value-added tax(VAT) and Business tax(BT). This plan results in breaking the chain of VAT deduction. Levying BT repeatedly has increased corporate tax burden and restricted the development of enterprises Greatly. In order to improve the tax system, to form a complete tax deductible chain, to overcome the problem of double taxation, to reduce the corporation's tax burden, our country decided to implement the policy of " BT to VAT".From January 1 of 2012 in Shanghai, China began on the transportation industry and certain modern service industries implementation of the VAT pilot reform, expanding nationwide in August 1, 2013. After the policy implemented in rail transport and postal services business in January 1, 2014,the entire logistics industry has been incorporated into "BT to VAT" category in our country.In the future, there will be many more other industries within the scope of Business tax added to the tax reformation to achieve the optimization of tax structure, to promote industrial restructuring and to accelerate economic growth.The implementation of the policy of "BT to VAT" lead to many companies' economic environment and tax changed. In the general, most of business which reformed tax have declined in the tax burden, but there have been some industries increasing rather than reducing the tax burden,such as logistics. Logistics is the pillar industry in national economic development, it has also been incorporated into the scope of "BT to VAT".However, after implementing the policy of "BT to VAT", its tax burden has increased. After changes in the tax burden, enterprises have to consider whether it have an impact on the financial strategy matrix in which the quadrant and life cycle stages or not.Is Enterprises' previous financial strategy still applicable?Does it need to change or adjustment?To resolve these problems, this paper will select listed companies in the logistics industry as samples, collect sample data,use SPSS.19 software to establish a mode and make empirical analysis after review and summarize relevant researches at home and abroad. It indicates that the tax burden of listed companies in the logistics industry has been indeed increased after implementing the policy of "BT to VAT". financial strategy which corporate adopted will affect the size of the tax burden. For the Changes of the tax burden,companies are not necessary to change the previous financial strategy thoroughly, but to adjust flexibly.On the basis of the conclusions of the study, This paper proposes theadjustment measures and recommendations of financial strategy to deal with the burden of tax rising after after implementing the policy of "BT to VAT" in the logistics, and bring some reference value to those industries which have yet to implement tax reformation.