Analysis Of Enterprise Income Tax Policy Of M&A In Capital Market

With the continuous improvement of the socialist market economic system,the scale effect of capital on mergers and acquisitions(M&A)has become increasingly prominent.Capital operation,as a type of value system,plays a more and more important role in business operation.In this process,the M&A of enterprises is no longer merely the issue of asset integration,but also involves the maximization of commercial interests.Along with the great commercial benefits arising from M&A,tax revenue,especially the corporate income tax,becomes an important institutional arrangement in this process.In this context,this paper studies the corporate income tax policy of M&A in the capital market in the light of the actual situation of capital operation.The main content of this paper is divided into three parts:the first part,combined with the development process of China's enterprise income tax system,we adopted the method of comparative analysis of the analysis of enterprise income tax policies in China since reform and opening up early.And focus on the legal risk of the enterprise income tax is analyzed,for subsequent reference foreign experience provides a detailed comparison of the contrast of basic information;the general tax treatment of the original and special tax treatment principle of reason and Application have been legend of the way of narration;the second part,we analyzes the orientation of corporate M&A in the capital market of China income tax policy,part by using the way of hypothetical;and the reorganization of China's enterprise income tax policy problems and solving measures are described.Finally,combined with the theoretical research of the previous parts and using the data of Listed Companies in our country,we tested the impact of the income tax policy of enterprise M&A business.This paper has five main conclusions.First,the system of enterprise income tax collection should be perfected in legislation to adapt t socialist market economy system which change rapidly and perfect;second,the scheme of tax pilot area operation enterprise income which is come form the basis of summarizing the experience should be promoted;third,to further strengthen the tax inspection and administration work,and improve the execution of administrative law enforcement,it can be effectively help enterprises to reduce the tax burden and guide enterprise self-discipline management.Fourth,the empirical research shows that M&A can reduce the corporate income tax rate,but the long-term impact is small.Fifth,the income tax policy of mergers and acquisitions has a certain impact on M&A,but it has no significant impact on the choice of M&A.Through undertaking the process of M&A in the tax declaration,payment and analysis of listed firm data,we sort out plenty of legal risks and potential problems which we should avoid;we also find that the M&A business can produce clear tax benefits,but income policy of M&A has no strong effect for the provisions of the enterprise M&A This provides some reference for the establishment of income tax policy in China.