A Study On The Impact Of Financial Businesses On Financial Performance

From the beginning of 2011,China has carried out the reform plan for the industry,which has been carried out in various industries.The reform of the transportation industry and the telecommunications industry has also been introduced and implemented.According to the preliminary results of the first stage,the overall tax burden level is found.There is a slight increase in the level of individual tax burden.With the rapid development of market economy,the increasingly complex economic activities,there has been a coexistence of business tax and value-added tax,business tax duplication of the increasingly serious drawbacks,the neutral characteristics of value-added tax is not reflected in the whole social economy,Therefore,the state decided to further expand the "camp by" range,March 24,2016,the State Administration of Taxation issued a "on the full implementation of the business tax reform value of the pilot tax notice" announced that from May 1,2016,the building Industry,finance,real estate,life services all the implementation of the business increase,improve the entire value-added tax deduction chain,thus,business tax out of the stage of history.For the financial industry,its scope of services related to the production,exchange,distribution and other fields,foreign developed countries on the financial industry to take some of the intermediate services tax policy,but the tax will inevitably lead to the entire VAT chain distortion,Therefore,China's financial industry to implement a comprehensive "increase" on the one hand to maintain the development of tax neutral,on the other hand also faces many challenges.In view of this background,this paper analyzes the motivations of the current reform of China's financial industry in the first part based on the characteristics of China's financial industry such as index,monopoly and high indebtedness.From the perspective of macro-financial market,financial enterprise,And micro-banking perspective,the insurance industry perspective,the impact of other financial aspects of the impact of analysis.The second half of this article through the above financial environment to explore the specific case-Huishang Bank.In the case study of Huishang Bank,the analysis of the balance sheet,profit statement and cash flow statement in the financial statements and the calculation of the actual tax burden before and after the reform resulted in the decrease of the actual tax burden of Huishang Bank after the reform in conclusion.At the same time,the paper analyzes the impact of the "increase" policy on the financial performance of Huishang Bank and the problems faced by Huishang Bank after the reform of Huishang Bank from the four aspects ofenterprise financial condition,operation status,cash flow situation and enterprise value status.According to the problems faced by banks to put forward the bank's response plan and how the government should improve the whole reform process of the relevant recommendations for the future industry to implement the "increase" policy to provide reference.