The Study On Tax Planning Of Enterprise On The Theory Of Contract

"The one who refused to pay taxes is barbaric, who evaded is foolish, who chose tax evasion is stupid, but, who chose tax planning is smart." In recent years, tax planning had a rapid development in practice and became one of the focuses in research. However, in the process of tax planning, enterprises often focus only on their own interests, not fully considering its'impact on stakeholders. This negligence often makes opportunity losing, causes more contradictions and transaction costs, resulting in "won a battle, but lose the whole wall."The Theory of Contract gives us a new perspective. Contract Theory sees the enterprise as a series of contracts (explicit and implicit), which are organized on the basis of self-interest of stakeholders. The purpose of signing contracts is to reduce the contradictions and conflicts, balance the rights and obligations of contracting parties, and achieve their own goals in a balanced way.Tax and tax planning are related to the interests of the contracting parties, have an effected on the contractual relationship between them and can change their economic behavior in turn. There are countless connections between tax planning and contracts. Tax planning is a kind of behavior which is constrained and promoted by social multi-contract. This paper uses Theory of Contract to interpret Tax Planning and analyze the contractual relationship among stakeholders dialectically. Fully absorbed the essence of various branches of Contract Theory (Transaction Cost Theory, Property Rights Theory, Agency Theory and Stakeholder Theory), this paper try to re-build analytical framework of Tax Planning, and proposed a strategy management model of Tax Planning on the basis of this analysis above.Form the perspective of Contract, we can not only fully absorb the spirit of the contract (equality and freedom) and make clear those basic problems of Tax Planning, but also understand its holistic and complex traits more profoundly. Consequently, in older to achieve the objective of tax planning effectively, it is essential for enterprises to balance the interests of contract parties in the process of it.