杜邦财务分析与物流企业营改增研究外文文献翻译Word文档下载推荐.docx

1、Broom AAbstractLogistics as a comprehensive industry, belongs to a boom in the tertiary industry enterprises, referred to as the third profit source, is to expand domestic demand, employment, and adjustment of economic structure, promote industrial structure is an important driving force. However, t

2、he traditional business tax due to the unreasonable tax basis, and parallel all sorts of reasons, such as VAT tax double taxation contradiction is very prominent, to a certain extent, also affects the VAT tax neutral. At present, the study of “VAT instead business tax” becomes the focus of experts a

3、nd scholars to discuss. Change but from camp pilot, logistics enterprises generally reflect the turnover tax increases after the battalion to increase, management benefit decline trend, it is inconsistent with the purpose of the structural tax cuts. Past study of VAT instead business tax stand in th

4、e perspective of the whole logistics industry, mainly for a single enterprise is a detailed analysis of the relative lack of and insufficient. Based on this, this article takes the form of case analysis, chose a representative logistics enterprises camp to increase the influence of analysis and impr

5、ovement of DuPont financial analysis.Key words: VAT instead business tax; Logistics enterprises; DuPont analysis method1 IntroductionIn recent years, countries around the world to promote national economic and social development, accordingly adopted some tax cuts policy, but the effect is not signif

6、icant, even in many developing countries appear the phenomenon of the rise of the macro tax burden. India as one of the biggest developing country, facing the same tax system structure and the level of economic development does not adapt. In order to promote the healthy development of the economy, i

7、n 2005-2005, and India have adopted the cancellation of agricultural tax, the transformation of VAT type, the raising of the income tax exemption and tax change paid VAT （hereinafter referred to as the ）.In the process of economy running smoothly, this a series of tax reform played an extremely impo

8、rtant role. But due to the unreasonable tax basis, with VAT in parallel, the Indian business tax problems and contradiction is very prominent. Business tax of double taxation problems not only hinder the specialization of social division of labor, also destroyed the VAT deduction chain and , thereby

9、 causing loss to the efficiency. Logistics as a comprehensive industry, belongs to a boom in the tertiary industry enterprises, known as , is our country to expand domestic demand, solving the employment, the backbone of the adjustment of economic structure, promote industrial structure. Logistics i

10、s the collection of transportation, storage, information processing, circulation processing, distribution, consulting service is equal to one of the emerging interdisciplinary industry, is a basic and strategic industry, supporting the economic development of the economy is more and more big, known

11、by many economists as the accelerator of economic development. In todays Internet + logistics industry, logistics industry the economic impact of more and more big, has gradually become a pillar industry of the economy and the important growth point. At the same time, the logistics industry to accel

12、erate the industry consolidation, adjust the economic structure, promote the professional coordination and increase productivity and so on also is of great significance.2 The DuPont financial theory summaryDuPont Analysis system （DuPont Analysis） is the result of DuPont produced by the United States

13、 DuPont, by Pierre DuPont and Donaldson brown, was founded in 1919 and use. DuPont analysis method with the net interest rate of the rights and interests as the core, using the enterprise financial statements data and related materials, using the internal relation between the indexes to systematical

14、ly analyze the enterprises profit ability, debt paying ability, assets operation ability, in an objective and comprehensive evaluation of enterprises financial position and operating results. Evaluation of listed companies operating performance method are many, common Volvo scoring method, BP neural

15、 network evaluation method, the balanced scorecard method, DuPont analysis system. Compared with other financial analysis, DuPont analysis method has unique advantages. First of all, pay more attention to the integrity of the enterprise management activity, DuPont analysis to evaluate various basic

16、indicators of enterprises, the organic link, from two directions of global and local operating conditions of evaluation of enterprises. Second, pay more attention to the coordination of the enterprise business activities. By using the method of combining static and dynamic analysis between various i

17、ndicators of changes, we can give quantitative evaluation to the optimization condition of the indexes. Finally, DuPont analysis method has a distinct gradation, can from top to bottom, from bottom to top, respectively from the overall to local and from local to the whole two directions to calculate

18、, the deductive process of inductive economic indicators, go deep into the enterprise management of all details. But in the process of evaluation of operating performance of listed companies, the traditional DuPont analysis system has its inevitable flaws. On the one hand, the traditional DuPont ana

19、lysis method cant cover all economic and technical indicators of listed companies, such as earnings per share, net asset per share, dividend payment rate, rights and interests of minority shareholders, etc., ignores the time value and risk factors, unable to meet the requirements of listed companies

20、 maximize shareholder financial. On the other hand, the traditional DuPont financial analysis of data from the balance sheet, income statement, ignoring the analysis of cash flow3 The main problems that TJG co., LTD facing3.1 Rate increase is too large, the input offset short-term shortageThe tax ra

21、te of the company of a small decline, thanks to the company enjoys some instead of preferential policies. At the same time, the companys international freight and passenger services, consulting services, and in addition to the warehousing business logistics auxiliary business after the battalion to

22、add implement investigation. If it were not for the preferential policy, the companys turnover taxes will increase. First of all, the tax rate increased the output tax of the company set too high. VAT instead business tax, after TJG shares many of the business are beginning to change paid VAT, and h

23、igh tax rates set increased the output tax of the company, increased the pressure of the cash flow. In addition, the insufficient input of deduction short-term increased tax burden of the company .TJG co., LTD mainly include the human cost, fuel cost, the cost of utilities, toll fee, payment of frei

24、ght, repair and transport vehicles, ships, loading and unloading machinery and other fixed assets depreciation expense, including human salary, stock, fixed assets depreciation, road toll on large proportion in the operating cost, this part of the cost is not the input offset, and fuel costs can be

25、deducted, maintenance costs, utilities and other input tax cost and severity shortage, and often difficult to obtain special invoices, in the short term will increase the companys turnover tax burden. At the same time, companies invest huge percentage of port infrastructure construction project and

26、is not in the scope of VAT deduction, also led to the input deduction project scale and scope can be narrowed, increase the company turnover tax burden.3.2 invoice management chaos, system update slowInvoice management chaos increases the risk of the companys tax and the tax burden. Invoice not only

27、 is the foundation of the enterprise accounting system, but also the important basis of company income deduction. But in practice, the influence of the traditional business tax inertia, to the special invoices for value-added tax management chaos is one of the most easily neglected problems of invoi

28、ce management. Written system in TJG co. LTD., mainly include the reimbursement system, the subcontract and multimodal transport system, assets, equipment procurement system, and so on, and these systems are usually drawn up during the collection of business tax, after the camp change is not necessa

29、ry to update and revision. In the subcontract, multimodal transport, purchase of fixed assets and other business, the relevant personnel since there is no system of rigid constraints, in the process of trading activities of the contractor or sale tax qualifications, issued the invoice of authenticit

30、y and requirements of importance is not enough, in many cases even unable to obtain special invoices, it reduces the companys tax deductible. Financial personnel, moreover, because the job is busy, lack of ability to wait for a reason, sometimes also can appear not within the prescribed time, the st

31、atus of the special invoice for certification and deduction, the company to lose the opportunity of tax deduction, an additional increase the companys tax burden, which can lead to companys interests.4 Solutions4.1 Tax planningChange in overall big background, to carry out practical and effective tax planning, reduce the tax burden, TJG co. LTD has the most direct and most effective way to control the fords the tax risk. VAT instead business tax, many of the companys business activities in accounting, tax treatment and operation mode, major ch