企业所得税税收筹划研究外文翻译文献.docx

1、企业所得税税收筹划研究外文翻译文献企业所得税税收筹划研究外文翻译文献 (文档含中英文对照即英文原文和中文翻译)Study on the Tax Planning of Enterprise Income Tax Hongceng Cao & Xiaohui Xu College of Economics, Shenyang University Shenyang 110044, China Guojie Ao Department of Accounting and Financial Affairs, Shenyang University Shenyang 110044, China Ab

2、stract The enterprise income tax occupies is very important status in the tax paying of enterprise, and it has large space of tax planning. Under the background that the new enterprise income tax law was issued, we discussed the problem how to use tax planning to reduce the tax burden of enterprise

3、and realize the maximization of the total profit for the enterprise. In this article, we studied the tax financing in the stage of enterprise financing from the selection of financing mode and the confirmation of financing channel, and put forward that the enterprise should select the liability fina

4、ncing mode to the largest extent in the critical risk range of equity structure. We studied the tax planning in the stage of investment of enterprise from three aspects including correctly selecting the investment direc tion, confirming proper enterprise organization form and selecting tax saving in

5、vestment subject. We studied the tax planning from two aspects such as income and charge deduction. We studied the tax planning in the distribution stage of enterprise management result from first utilizing taxable income to compensate the loss, the loss recovering sequence of domestic investment pr

6、ofit return and the profit distribution strategy in the low tax region. For above aspects, we all put forward our own new theoretical opinions. Keywords: Enterprise income tax, Tax planning, Tax preference Comparing with the old enterprise income law, the new enterprise income law changed in many as

7、pects such as the taxpayer, the pre-tax deduction, and the tax preference, which put forward new task for the tax planning of the enterprise income tax. Under the background of new enterprise income tax, we will discuss the tax planning in the main stages such as the enterprise financing, investment

8、, management and distribution. 1. Tax planning in the stage of enterprise financing The tax planning of the income tax in the stage of enterprise financing mainly includes the contents about the financing mode and the financing channel. 1.1 Tax planning of financing mode The financing modes of enter

9、prise mainly include the equity financing and liability financing, and two different financing modes will produce different tax results. Generally speaking, under the fixed tax rate level, the liability financing can produce the interest rigid cost which can be reported before tax. When the account

10、profit is adjusted as the taxable income, the tax law allows that the interest expenditure induced by the liability can be deducted before tax in the same interest rate regulated by the Bank in the same period, which equals that the state finance assumes a quarter of interest cost fro the enterprise

11、. The equity financing is the flexi ble cost of bonus stock which can be reported after tax. The mode that the enterprise provides bonus stock and dividend to the investors is only one item of the distraction of post-tax profit (net profit), and it must be distributed after tax. The tax saving diffe

12、rence between two financing modes is very obvious. In the equity structure of enterprise, the proportion of the liability equity is higher, and the saving effectof the tax cost is more significant. So under the prem ise that the rate of or return on inv estment is higher than the liability cost rate

13、, enhancing the proportion of liability financing will bring extra economic benefits for the owner of the enterprise, and finally increase the value of the enterprise. But we should also pay attention to that will increase the financial risk of the enterprise, and excessive liability will even induc

14、e the ab normality of the enterprise equity structure, and the liability crisis will make the financial status of the enterprise fall into collapse. Therefore, before the enterprise makes the tax planning of financing mode, it must ensure that the equity structure is in the critical risk range. 1.2

15、Tax planning of enterprise financing channel The financing channels of enterprise mainly include bank loan, self-accumulation of enterprise, inter-enterprise lending interior collection of en terprise, bond or stock issuance and commercial credit. Under usual situation, the sequence of the tax burde

16、n from heavy to light is self-accumulation of enterprise, bank loan, inter-enterprise lending and interio collection of enterprise. The prin ciple of tax planning of financing channel is that under the premise that the equity structure is to select the channel with higher profit and lower harm in the critical risk range, through comparing the advantages and disadvantages of various financing channels. 2. Tax planning in the investment stage of ente