Research On Income Tax Planning Of H Group Company

As the core component of the enterprise's economic cost,taxation directly affects the taxpayers' profit.The enterprise income tax plays a decisive role in the taxpayer's tax payment.With the acceleration of China's industrialization process,a large number of enterprises are booming to form a huge group company.At present,China's group companies need special and systematic tax planning to improve their comprehensive strength to adapt to the fierce international competition.Cement as an essential material for infrastructure construction,the industry is facing a grim development situation at present,facing the situation of excess capacity,high pressure to de-inventory,high production costs of the industry,market competition is particularly fierce.Based on the representative of the cement industry H Cement Co.,Ltd.(hereinafter referred to as H Company),taking the tax planning of the group company as the main body,and taking the tax planning as an integral part of the enterprise strategy,this paper studies the income tax planning of H Company.On the basis of referring to the relevant literature at home and abroad,starting from the principle of tax planning,based on its basic principles,and in accordance with the general methods of tax planning,this paper makes a thorough analysis of the current tax planning situation of H Company.Based on the analysis of the tax-related situation of H company and the characteristics of H company's own industry and the actual situation,this paper puts forward the tax planning scheme of H company from four aspects:income,deduction items,related party transactions and tax preferences.It has certain reference significance for the tax planning of similar companies and is beneficial to the stable development of tax planning of group companies.Through the study of H company's tax planning scheme,this paper puts forward some suggestions on improving the income tax planning from three aspects: the cultivation of planning consciousness,the quality of financial person and the Institutional coordination level,in order to further improve the follow-up tax planning of H company.Through analysis,it provides theoretical research ideas and practical guidance value for tax planning of groupcompanies.Compared with the considerable research and development of foreign countries,it provides theoretical guidance for perfecting China's tax law system and improving the development space of tax planning.