Research On The Influence Of "Business Tax Replaced With Vat" On The Financial Performance Of Bank Industry And Countermeasures

Since May 1,2016,the“business tax replaced with VAT”has been implemented thoroughly in our country.The bank industry was relevantly influenced under the thorough implementation of the policy of“business tax replaced with VAT”,and this kind of influence could be reflected centrally on the financial performances of the bank industry.Analysis and discussion on the promotion of“business tax replaced with VAT”in the bank industry and the influence on the financial performances of it was directly related to the operation decisions and development strategies of the bank industry,and would have a significant meaning for the promotion of development of bank industry.The bank industry was regarded as the object of study in this thesis,with the influence of the implementation of“business tax replaced with VAT” on the financial performances as the purpose of research,the method of combination of theoretical research and empirical study was adopted to respectively conduct theoretical analysis and put forward research hypothesis for the financial performances of the bank industry from 3 aspects,the change in tax bearing,the fixed assets deduction effect and the operating cost deduction effect.Combined with the financial characters of the bank industry,the profitability,mobility and growth ability were selected as the indexes to evaluate the financial performances of the bank industry,and the financial data of a listed commercial bank from the 2nd season of 2016 to the 1st season of 2017 was selected to conduct the empirical analysis.The research results showed that,there was dependency between the change in tax bearing and the financial performances of the bank industry after the bank industry implemented the “business tax replaced with VAT”,and it was of negative correlation,thus illustrated that if the tax bearing was decreased after the bank industry implemented the “business tax replaced with VAT”,it would have acceleration function on the financial performances of the bank industry;there was positive correlation between the operating cost deduction effect brought after the bank industry implemented the “business tax replaced with VAT” and the financial performances of the bank industry,that is,the higher proportion the products and services of outsourcing products used for operation and services of the bank is,the more promotions will be made in the financial performance of the bank industry;while the fixed assets deduction effect brought by the implementation of “business tax replaced with VAT” by the bank industry failed to have influence on the financial performances of the bank industry.Relevant countermeasures and suggestions have been put forward for the influence on the financial performances of bank industry after implementing the “business tax replaced with VAT”,one was to conduct reasonable taxation planning and reduce the tax bearing of bank industry;the 2nd was to regulate the internal management of bank and promote the financial delicacy management level;and the 3rd was to adjust the development strategies of the bank and quicken the operation strategy transformation.