The Impact Of Tax And Fee Reduction Policies On Tianyuan Industrial’s Financing Activities

Since the reform and opening up,China’s economy has developed rapidly,and it has become the second largest economy in the world.However,in recent years,the new normal of China’s economy has gradually shown that the economic growth rate has dropped,and there is a further downward trend,and the real economy is facing great difficulties.Since2015,the state has gradually implemented the policy of "cutting taxes and fees" to reduce production costs of enterprises,reduce capital occupation,revitalize capital flow of enterprises,reduce financing costs of enterprises,and increase national income.With the deepening of tax and fee reduction reforms,a series of tax and fee reduction measures have been implemented at an accelerated pace,which has played a positive role in stimulating market players,and more and more market players have benefited from it.Among them,the manufacturing industry is the industry that has benefited the most.Tax cuts and fee reductions have brought real money dividends to enterprises,and generally speaking,they have played a positive role in the development of enterprises and the economy.The introduction of the tax and fee reduction policy has reduced the burden on enterprises during operation,created an active market atmosphere,and improved the efficiency and competition of the entire market.Against this background,enterprises need to study and study tax and fee reduction policies reasonably,plan internal taxation based on actual conditions,and apply policies reasonably.Sufficient cash flow is a necessary condition for the steady and long-term development of enterprises,and Chinese enterprises have been plagued by difficult and expensive financing for a long time.While the tax reduction and fee reduction policy reduces the tax burden of enterprises,it also increases the cash flow of enterprises and eases the financing constraints of enterprises,thus putting forward many new requirements for the financing activities of enterprises,and the financing activities of enterprises will also have a reverse effect To the implementation effect of tax cuts and fee reductions.From the perspective of manufacturing enterprises,this thesis analyzes the impact of tax and fee reduction policies on corporate financing activities to find out the shortcomings and room for improvement in corporate financing activities,and proposes how to fully enjoy tax dividends and avoid policy risks.suggestion.Based on Laffer Curve Theory,Tax Compliance Theory,Financial Analysis Theory and Priority Financing Theory,this thesis takes Guangdong Tianyuan Industrial Group Co.,Ltd.as an example to focus on the impact of tax and fee reduction policies on Tianyuan Industrial’s financing activities.By sorting out the tax reduction and fee reduction policies in recent years,as well as the overall planning and implementation status of China’s tax reduction and fee reduction policies,find out the tax reduction and fee reduction policies applicable to Guangdong Tianyuan Industrial Group Co.,Ltd.At the same time,it conducts a comprehensive analysis of Tianyuan Industrial’s financing activities from four aspects: basic situation,tax burden,financing situation and current status of enjoying tax and fee reduction policies.On this basis,combined with field research,interviews,existing literature,enterprise report data and other data,it analyzes the opportunities and challenges brought by the tax and fee reduction policy to the financing activities of Guangdong Tianyuan Industrial Group Co.,Ltd.Further,it tries to give corresponding countermeasures from three aspects: strengthening enterprise system construction,increasing tax planning,and strengthening risk prevention and control.The innovation of this thesis is reflected in two aspects.One is the characteristics of research perspective selection.At present,there are not many studies that focus on manufacturing enterprises and discuss the impact of tax and fee reductions on corporate financing activities.This article will comprehensively examine the impact of tax and fee reduction policies on corporate financing activities,and try to find out the path to optimize corporate financing efficiency,which will help enrich relevant research in this field.The second is the characteristics of research method selection.This thesis adopts the method of theoretical analysis and case study at the same time,selects Guangdong Tianyuan Industrial Group Co.,Ltd.as the research object,and deeply discusses the impact of tax and fee reduction policies on corporate financing activities,in order to obtain novel and convincing conclusions.Specifically,taking Tianyuan Company as a sample to study the changes in tax burden brought about by China’s tax and fee reduction policy and the impact on corporate financing.And based on this conclusion,comparing the commonality and characteristics of Tianyuan Company and other manufacturing enterprises,trying to explore the transformation path of enterprises from high-speed development to high-quality development,and then realize the adjustment and optimization of the industrial structure of the manufacturing industry.