Research On ICBC XX Branch's Tax Burden Impact And Countermeasures Of The Tax Reform To Value-added Tax

As the economy in China has gradually entered the“new normal”,the tax system has to make changes to meet the needs of national and social development.For a long time,the system of turnover tax implemented in our country has been a double-track system in which sales tax and value-added tax coexist.In the past,the revenue of the central and local governments has been steadily increased,making a positive contribution to the development of the country.With the continuous deepening of economic reform and the continual emergence of various new things in China,the tax system must constantly adapt to the development of this society.The shortcomings of the dual track system have become increasingly apparent,and the existing problems cannot be solved effectively,which it's harmful to the whole economy.From 2012,our country has started to carry on the tax reform to value-added tax partially.From May 1,2016,this tax reform has been carried on in banking industry.Owing to the particularity and complexity of the banking industry itself,how the tax reform to value-added tax affects the development of the banking sector and the stability of the economy and society is a big problem.Therefore,in order to do a good job of banking reform in the banking sector is of great significance to the development of banking.The passage is based on the financial tax status and analyzes the tax burden issues.First of all,it discusses the background and significance of the research and reviews recent documents of international and domestic scholars on the tax reform to value-added tax of banking and pattern selection.Historical research shows that he tax reform to value-added tax is conducive to promoting the development of the economy in China.However,the tax reform to value-added tax of banking is carried on for a short time,the impact of the tax reform on the tax burden of the banking industry is worth studying.Secondly,based on the theory about the fairness and efficiency of the tax,tax neutral theory and consumer welfare theory,combined with the case of ×× Branch of Industrial and Commercial Bank of China,this paper compares the financial data before and after the tax reform and analyzes the impact of the turnover tax,urban construction tax and education tax surcharge and income tax of ×× Branch of Industrial and Commercial Bank of China and make a comprehensive assessment of the impact of the overall tax burden arising from the tax reform.Thirdly,combined with the result analysis of the tax impact of ×× Branch of Industrial and Commercial Bank of China,the author summarizes the main problems about the implementation of the policy of tax reform to value-added tax of ×× Branch of Industrial and Commercial Bank of China: firstly,the deductible input tax items are less;secondly,the total tax burden is faced with increased risk;thirdly,profitability is faced with risk reduction.In view of these three issues,it analyzes the reasons behind the existence in-depth: firstly,the tax administration needs to be improved;secondly,the chain-type business model hides the tax-related behavior;thirdly,the policy of tax reform to value-added tax yet to be improved;fourthly,the existing tax information management system lags behind.Finally,from the perspectives of the government and enterprises,the author put forward suggestions to financial enterprises in the context of the increase of battalions.In the taxpayer level,the bank should strengthen internal management,improve the tax management structure and conduct a reasonable tax planning.At the same time,in the level of the subject of collection,the authority should be paid to the tax reform to value-added tax of commercial banks.Consideration should be given to setting up a special tax department that is responsible for the tax collection and management of commercial banks.And it's important to train tax management talents who are familiar with financial knowledge.