Research On The Reform Of Corporate Income Tax System For Business Combination

M&A activities include various forms,and business combination is a typical representative of them,playing an important role in the market economy.More and more enterprises can form industry and talent agglomeration,expand market scale and enhance brand strength.through business combination.The business combination is developing rapidly in our country,although it started lated.With the demand of industrial transformation and the rise of Internet and technology,resource integration and optimization are becoming more and moreimportant and it is imperative to promote business combination.On that basis,the cost of business combination has become an important factor in the development of business combination.As one of the important components of the cost of business combination,corporate income tax is the focus of the enterprise to make decision to merger.Reasonable and perfect corporate income tax system of business combination can accurately guide the business combination to develop smoothly under the market economy system.Faced with the vigorous development of China’s current business combination market,it is very necessary to complete the corporate income tax system of business combination.Based on the perspective of business combination,this paper studies the reform of corporate income tax system and provides ideas and methods for improving the overrall tax system of enterprise M&A.Through the comparative analysis of the main content of the corporate income tax system of business combination in our country and the relevant provisions of type A merger in the US merger and reorganization tax system,summarizes the differences between the two.In addition,through the analysis of domestic business combination cases,explains the possible tax risks associated with the business combination.Based on the above two aspects,this paper summarizes the main problems existing in the corporate income tax system of business combination,and puts forward some targeteddevelopment suggestions.We can learn from other countries’ experience,and keep improving ourselves based on our own development.This paper is divided into seven chapters: The first part is an introduction on the research background and significance,a literature review,mainly on the evolution of communal consolidated income tax research status at home and abroad and the domestic and foreign enterprises merge income tax,research ideas and methods,and the innovations and inadequacies of this paper.The second chapter,by differentiating the different provisions of enterprise accounting standards and corporate income tax system,this paper clarifies the research scope of business combination,and emphasizes the important economic significance of the business combination.At the same time the theoretical basis of corporate income tax is introduced in detail.The third part introduces the main contents of the current related policies by combing the evolution process of corporate income tax policies.At the same time,compares and analyzes the relevant tax content of American a-type merger and acquisition,and summarizes the difference of tax system between the two countries.The fourth part is the case analysis.taking guangzhou pharmaceutical to combine baiyun mountain for example,the part introduces the background of merger,the merger of tax treatment and the tax risks of merger.The fifth part the main problems of the enterprise income tax policies are summarized systematically.The sixth part,for the main problems of tax policies,the corresponding development proposals are put forward.The final conclusion points out that the reform of the current enterprise income tax system should not only study the mature practice of other countries,but also find the difference and realize the difference.We should also base on our national conditions and explore suitable development models from our own economic and social environment.