Research On The Tax Planning Of WG Group

With the gradually accelerating pace of globalization, an increasing external competition, by multi-angle, multi-channel cut costs to maximize our enterprise value, is the only way for survival and development. As China continues to reform the tax system and improve the modern enterprise management level, master legitimate tax planning means to reduce the corporate tax, is now the focus of many companies. Tax Planning has the theory and practice significance to strengthen the state's tax legal environment, improve the level of integrated management, optimize the development of tax planning mechanism. However, development of tax planning is late in China, theory and application systems are not perfect, and there is a lot of misunderstanding about it.For the development of China's status quo of corporate tax planning, on the base of domestic and international brilliant results, and closely combining with the specific legal background, this article does further research of theory on tax planning strategies. There are four main parts in this paper. Firstly, there is an overview of the basic theory of tax planning, mainly including the definition of tax planning, a brief introduction of research and development situation of the international and domestic tax planning theory, and a proposal about the basic methods and specific operation process of tax planning for enterprises in China. Secondly, it points out the status quo that in some of China's enterprises the studies on enterprise tax theory is rare and the practice level is low. There are a few typical misunderstandings existing in WG group. And it gives a pointed explanation on this phenomenon. Then, based on the case of the actual production and operation of WG Group where the author is working in, the paper has started a thorough study on specific tax planning strategies. Lastly, in consideration of the status and misunderstandings of tax planning, this paper puts forward suggestions for improvement from two sides,micro in enterprises and macro in government agencies.This article aims to clarify the concept of tax planning, promote the full use of tax planning methods in the practical management to achieve the purpose of saving tax, at the same, enrich our theoretical research of tax planning, and promote the further development, build a healthy tax environment and achieve a win-win situation in business and government.