Research On Business Tax Planning Theory

As market economy grows, business firms pay more and more attention to tax planning, in the meanwhile, researches on tax planning theory and practices develop rapidly. But the current researches mostly focus on specific taxation rules and concern mainly about short-term effects, it need to be systemized and reconciled with the overall business strategy.This thesis endeavor to reach the following objectives: 1) to combine economy and management theories into the study of tax planning strategy in order to enrich tax planning theory;2) to integrate the theories with practices in order to help the practitioners to plan their tax affairs at strategic level rather than overwhelmed by the countless specific rules and exemptions of taxation law.The thesis has five parts:1. Introduction of the current situation of tax planning research;points out the existing problems of Chinese taxation planning research;clarifies the author's research objectives, methods and strategies.2. Base on the discussion of relationships between tax planning, business management and financial management, modifies the tax-planning objective of business firms.3. Detailed discussion on tax planning theories, mainly in two aspects: the cost-return analysis and risk analysis. Especially, this thesis makes a quantitative analysis on the implicit costs of tax planning performance by using the Scholes' implicit cost model.4. Detailed discussion of tax planning strategies and tactics. Tax planning strategies are closely related to the business' financial policy, including capital structure, dividend policy and investment policy, etc;whereas tax planning tactics are mainly focus on selection of accounting methods and usage of specific tax claim techniques.5. The conclusion. It summarizes the innovations of this thesis, and put forward the problems that need further study.