Study On The Influence Of Replacement Of The Business Tax With A Value-added Tax On The Car Rental Industry

Under the drive of the "Internet plus",a new way of sharing economic model as a social reallocation of resources,is becoming the new trend of global economic development,while more and more sharing economy sectors are on the rise.Automobile is the main traffic tool for human beings,and brings much convenience to our life.With the coming of the era of sharing economy,the concept of people's consumption for automobile is changing dramatically.Car rental and substitution of car purchase by rental has become a novel automobile consumption model,which thus leads to formation of huge car rental market.Car rental holds high the banner of wisdom travel and it is of great realistic significance that car rental perfects the transportation system,improves the utilization ratio of public resources and promotes the development of numerous industries including finance,insurance and tourism,etc.Nowadays,Chinese automobile rental has a bright market prospect,and rapidly goes into large-scale,networked and branded development.At present,our country is facing downward pressure on the economy,and the comprehensively deepening reform has become the main theme of the new normal of economy.As a highlight for deepening the reform of fiscal revenue and tax distribution system and an important action for supply-side structural reform,"replacement of the business tax with a value-added tax" makes a great contribution in reducing repetitive taxation,promoting social virtuous circle and decreasing the tax bearing of enterprises.Overall reform program about "replacement of the business tax with a value-added tax" has been expanded nationwide since May 1st,2016 in pilot sectors including real estate,construction,finance and living service,and from now on,the business tax officially becomes into a part of history.Car rental belongs to tangible personal property leasing in modern service industries,and becomes one of the earliest pilot sectors for "replacement of the business tax with a value-added tax".Therefore,it is worth investigating the real influence of "replacement of the business tax with a value-added tax" on car rental.This thesis first discussed the research background,significance,contents and methods of the research subject and then introduced the theoretical basis of the differences between supply-side economics and supply-side structural reform and the relationship between "replacement of the business tax with a value-added tax" and supply-side structural reform.Subsequently,the work analyzed the effect of"replacement of the business tax with a value-added tax" on car rental in the terms of tax collection and management,indirect tax burden and financial accounting combined with relevant business management theory such as tax collection and management system reform,tax equity and efficiency,internal control,and thereafter selected a general taxpayer-S car rental company as a case to study.According to the 2015 annual financial data,the work quantifiably analyzed the influence of"replacement of the business tax with a value-added tax" on the aspects of indirect tax bearing,overall tax bearing,fixed-asset investment,net income,cash flow,financial ratios and so on.Finally,reasonable recommendations associated with "replacement of the business tax with a value-added tax" would be provided in the view of tax administration and car rental companies.