X航空并购H航空的税务筹划研究

发布时间：2018-03-21 09:52

本文选题：企业并购　切入点：税务筹划　出处：《长沙理工大学》2015年硕士论文　论文类型：学位论文

【摘要】：经济全球化发展,迫使企业不断扩张,为了迅速扩大企业规模,并购这一经济产物应运而生。并购的复杂性使得其成功受到多方因素制约,而并购的成本对并购有着很重要的影响。如今在很多并购中,税负占了交易成本的很重要的一部分,因而税务筹划是并购决策的重要内容,影响着交易构架。税务筹划是纳税人在遵守国家法律法规的前提下,按照政府税收法律政策导向,事先筹划经营活动中将要涉及的税务并选择最优的纳税方案,尽可能多地减轻税负的一种经济行为。并购中科学合理的税务筹划的实施可以有效减少企业的税务成本,使得企业利润最大化目标得以实现。企业在并购中利用合法的税务筹划活动把企业应纳税额降到最低额从而增加的利润就是税务筹划的收益。本文采用文献研究法,将理论与实际分析相结合,对X航空有限公司并购H航空有限公司的税务筹划进行研究。从企业合并及税务筹划的理论入手,分析了X航空与H航空的并购动因,结合X航空有限公司与H航空有限公司的现状,对两家企业的财务状况及涉税情况进行分析,从并购对象的选择、并购中支付方式的选择、融资方式的选择、并购后存续组织形式的选择四个环节分别进行税务筹划方案的策划,得出最优筹划方案——选择股权收购并以股权支付、融资方式选择债务融资、并购后采取总分公司形式为最佳,并针对税务筹划过程可能出现的风险进行分析,存在的风险有信息不对称风险、税务政策风险、并购环节选择风险及人员素质风险,并提出防范措施,需坚持税务筹划合法性,在并购前做好尽职调查,在并购方式选择上进行综合规划及提高员工专业素质,指导企业在并购中尽可能避免风险。通过本文的研究分析,对企业在并购中合法合理地利用国家税收政策设计税务筹划方案,充分享受国家赋予的税务筹划权利,实现企业利益最大化。
[Abstract]:With the development of economic globalization, enterprises are forced to expand constantly. In order to expand the scale of enterprises rapidly, M & A is an economic product that arises at the historic moment. The complexity of M & A makes its success restricted by many factors. The cost of M & A has a very important impact on M & A. nowadays, in many mergers and acquisitions, the tax burden accounts for a very important part of the transaction cost, so tax planning is an important part of the M & A decision. Tax planning is that taxpayers, in compliance with the state laws and regulations, in accordance with the guidance of the government tax laws and policies, in advance to plan the business activities will be involved in the tax and choose the best tax plan. An economic act that minimizes the tax burden as much as possible. The implementation of scientific and reasonable tax planning in mergers and acquisitions can effectively reduce the tax costs of an enterprise. In order to achieve the goal of maximizing the profits of enterprises, enterprises use legal tax planning activities in mergers and acquisitions to reduce the tax payable of enterprises to the lowest amount, thus increasing the profits is the income of tax planning. Combining theory with practical analysis, this paper studies the tax planning of X Airlines' merger and acquisition of H Aviation Co., Ltd., starting with the theory of enterprise merger and tax planning, analyzes the causes of M & A between X Airlines and H Airlines. Combined with the current situation of X Airlines Limited and H Airlines Limited, this paper analyzes the financial situation and tax-related situation of the two enterprises, including the choice of M & A object, the choice of payment mode in M & A, and the choice of financing method. The selection of the organization form after merger and acquisition carries on the tax planning plan separately in four links, obtains the optimal planning plan-chooses the stock right purchase and pays with the stock right, the financing way chooses the debt financing, After merger and acquisition, it is best to take the form of total sub-company, and analyze the possible risks in the process of tax planning. The risks are information asymmetry risk, tax policy risk, M & A link selection risk and personnel quality risk. We should insist on the legitimacy of tax planning, do due diligence before M & A, make comprehensive planning in the way of M & A and improve the professional quality of employees. Through the research and analysis of this paper, the author designs the tax planning scheme of the legal and reasonable use of the national tax policy, and fully enjoys the tax planning right conferred by the state, through the research and analysis of this article, to guide the enterprise to avoid the risk in the M & A as far as possible. Realize the enterprise benefit maximization.
【学位授予单位】：长沙理工大学
【学位级别】：硕士
【学位授予年份】：2015
【分类号】：F560.68;F271;F562.6

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