Research On Optimization Of Enterprise M?A Income Tax Policy

As China's economy enters the new normal,the traditional export-oriented low-chain economy cannot continue to support the sustainable development of China's economy.In order to maintain the medium-high speed of economic development,it is urgent to adjust industrial structure,transform,and upgrade.Merger and reorganization can effectively integrate enterprise resources.Merger and acquisition of inefficient and overcapacity enterprises can adjust the market stock capital,improve the competitiveness of enterprises,promote healthy development of the market,optimize industrial structure,and transform the economic development mode.Tax is an important factor that enterprises need to consider when making mea decisions.In some cases,it can even determine whether an acquisition succeeds.Almost every mea activity involves all kinds of taxes,including enterprise income tax,individual income tax,value-added tax,land value-added tax,deed tax,etc.Among them,the treatment of income tax is the most complex,on the one hand,the complexity of mergers and acquisitions transactions,on the other hand,China's income tax on enterprise mergers and acquisitions provisions are imperfect and loopholes.The preferential tax policy of merger and acquisition in income tax involves the recognition of many aspects.Due to the late start of merger and acquisition in China,relevant systems have borrowed much from the tax system of the United States,which may not adapt to China's national conditions.Therefore,there is no doubt that many disputes arise in practice.Based on this,this paper intends to conduct a thorough study of China's current mea income tax system by analyzing cases,finding out the problems of the current tax mea system,and then put forward policy Suggestions based on practice and theory,in order to promote the benign development of mea income tax system.This paper is divided into five parts.The first part is the introduction theory,references the relevant research literature,puts forward the research method.The second part is the part of policy theoretical analysis.This part mainly introduces three theoretical bases of equity merger and acquisition: tax neutrality principle,interest continuity principle and merger and acquisition synergy principle.Then,it analyzes the influence mechanism of tax on enterprise merger and cquisition from three aspects.The third part is an overview of the development of income tax policy.This part combs the development of China's income tax policy in detail,and then focuses on the analysis of tax incentives in merger and acquisition income tax: general tax restructuring and special tax restructuring.The applicable conditions of the two and the connection and difference between them.The fourth part is case analysis part.This part analyzes the "fragrant pear shares" equity acquisition and Hangzhou hang union "" north latitude communication mea case.through the analysis of the way to trade and tax treatment,points out the problems existing in the two mergers and acquisitions: for holding companies understanding deviation,equity to pay the cost of high proportion,merger and acquisition agreement are not clear,legislative level is too low,personal income tax and enterprise income tax not harmonious,etc.At the same time,combined with the current practical experience,pointed out the lack of follow-up management and other problems.The last part is policy recommendations and conclusions.Combined with the problems in the case analysis of the previous part and relevant legal basis,this part puts forward policies and Suggestions to promote the improvement and development of merger and acquisition tax system.