Tax Planning In Accounting Standards Selection

As a new subject in finance and tax,Tax planning is more and more important to enterprises. Nowadays Tax payers are interested in how to exploit the current tax regulations and reduce tax payment through reasonable tax planning in order to pursue legal interest and achieve win-win both for the state and enterprises. Because of the low cost and easy-operation, enterprises attach more important in tax planning through the selection of accounting standard. Starting from the basic theory of accounting principle and tax planning, this article deeply analyze the feasibility of tax planning through the summarization of the present conditions of both the domestic and international research. The whole analysis is based on combining theory with practice and both quantitative and qualitative methods. This article also thoroughly approaches the necessity, principle and impact of tax planning in accounting standards selection. In the last, tax payer can get a deeper understanding of tax planning through the case studies,which provide practical guide on tax planning.