A Research On The Effect Of Public Tax Management To Corporate Financial Policies

With the development of financial activities, the financial management methods are becoming more complex and diverse. Under such circumstances, the modern enterprise financial policy choices become an important part of decision-making. Taxation as the main form has been widespread, as long as they have existed, it is inevitable that taxation is become an important link between the government and enterprises. In all decisions which affecting the financial activities that taxation is the most directly and the most important factors.The enterprise's financial policies, including four basic elements, they are capital structure, investment, operating capital and dividend distribution of funds, these four aspects interdependent and indivisible. These four aspects of the financial policies have different levels of effecting taxation management, and the government tax government also focused on the management of the four major financial decisions.The relationship between the capital structure and tax is an important aspect to establish financial policy of enterprise. Enterprises in China now are having the potential of continue to increase debt. Most enterprises also have the space to increase them.The tax has great impact on the investment policy, the difference of tax affect much aspect of investment. This paper concentrate on the type of investment, operating form, operating location etc, and then conclude that the enterprise must use tax leverage when they establish investment policy, promote the scientific of the whole financial activity.The effect between tax and operating capital financial policy focus on the handling of fixed assets, expenses policy, stock valuation, and conclude that the enterprise can make tax to decline the cost.How dose dividend policy influence tax is the subject that experts and scholars have studied most. This part focus on the effect of income tax to dividend policy. To carry out the shareholder rights maximizes, the enterprise must select a reasonable dividend policy.