上市公司并购重组纳税筹划研究

发布时间：2017-12-30 21:20

本文关键词：上市公司并购重组纳税筹划研究　出处：《对外经济贸易大学》2014年硕士论文　论文类型：学位论文

【摘要】：随着我国资本市场的快速发展，并购重组作为一种优化资源配置的重要方式，在现代经济社会中得到了越来越广泛的运用。而税务成本作为制约并购重组成本的一个重要因素，已经被广泛的认知，并被业内作为研究方向，以期得到更完善的发展。并购重组从萌芽至今近30年的时间，其税务筹划的研究深度广度在不断的增强，但并没有一个系统的完善的税务筹划体系。论文从并购重组的定义开始进入并购重组的历程，深入的整理分析自20世纪80年代开始至今的并购重组发展情况，并以数据图表形式表现出中国自2007年开始到2013年的并购重组的近况。其次，以并购方的所处的产业、对并购的不同态度、并购重组的形式等几个方面浅析中国资本市场上并购重组的类型。其中包括现金收购、股权收购、资产重组、借壳上市、管理层收购等多种实务中常见的方式。合理的税务筹划可以减轻并购重组的税收成本和降低纳税人的税务风险，达到国家和纳税人双赢的局面，进而达到国家鼓励资本市场并购重组的目的。要进行税务筹划首要任务就是分析在并购重组中都涉及了什么税种，有何税收优惠，只有了解这些基本情况后方能进行税务筹划。因此，论文第三部分着重整理了我国资本市场上并购重组所涉及的税种和相关的税收优惠。对包括增值税、营业税、土地增值税、契税、企业所得税等五个税种在内的税收优惠进行归纳整理。并通过资本市场上已经发生的三个典型案例：X公司股权收购案、T公司资产收购案以及ZN公司的借壳上市案涉及的不同税种研究分析并购重组各方的涉税分析。在实务的并购重组中如何选择并购对象、并购方式、支付方式等都决定并购重组的成本。通过典型案例及分析，，明晰税务筹划的特点。论文认为税务筹划不是一种逃税行为、一种滞后行为、一种违法操作行为、一种只注重细节而忽略大利益的行为；而是一种必要的、超前的、合法的、整体的行为。而合理的税务筹划在降低企业的税负时也往往能得到税务机关的认可。
[Abstract]:With the rapid development of China's capital market, M & A is an important way to optimize the allocation of resources. Tax cost, as an important factor restricting the cost of M & A, has been widely recognized and taken as the research direction. In order to get more perfect development. For nearly 30 years since the beginning of M & A, the depth and breadth of the research on tax planning has been continuously enhanced. However, there is no systematic and perfect tax planning system. The paper starts from the definition of M & A into the process of M & A. This paper analyzes the development of M & A since 1980s, and shows the recent situation of M & A in China from 2007 to 2013 in the form of data chart. Secondly. This paper analyzes the types of M & A in China's capital market in terms of the industries of M & A parties, different attitudes to M & A, and the form of M & A and reorganization, including cash acquisition, equity acquisition and asset restructuring. Backdoor listing, management buyouts and other common practices in the way. Reasonable tax planning can reduce the tax cost of M & A and reduce the tax risk of taxpayers to achieve a win-win situation between the state and taxpayers. The first task of tax planning is to analyze what taxes are involved in M & A and what tax preferences are involved. Only after understanding these basic conditions can tax planning be carried out. Therefore, the third part of the paper focuses on sorting out the types of taxes and related tax preferences involved in mergers and acquisitions in China's capital market, including value-added tax. Business tax, land value-added tax, deed tax, enterprise income tax and other five tax preferences are summarized and sorted. And through the capital market has taken place in the three typical cases of ownership acquisition of company: X. T company asset acquisition case and ZN company backdoor listing cases involved in different tax research and analysis of the parties to M & A tax analysis. In the practice of M & A how to choose the object of M & A, M A mode. The cost of M & A is determined by payment methods, and the characteristics of tax planning are clarified through typical cases and analysis. The paper thinks that tax planning is not a kind of tax evasion behavior, a kind of lag behavior, a kind of illegal operation behavior, a kind of behavior that only pays attention to the details and neglects the great interests; It is a necessary, leading, legal and integral behavior, and reasonable tax planning can often be approved by the tax authorities when reducing the tax burden of the enterprise.
【学位授予单位】：对外经济贸易大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.51;F271;F812.42

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