Research On LUA Coal Company Tax Planning

Tax has stationarity, mandatory and free. It is a way that the state depends on public power to participate in national income. The argument stood on the head, paying taxes is an important cost in company, is an important part of enterprise cost, and it will inevitably lead to a drop in the economic interests of the enterprise. With increasing the degree of China’s opening up and the gradually mature of market economy, competition among companies is more and more intense. In order to gain a foothold in the large market or improve the comprehensive strength of companies, as a company, it needs to improve product quality and diversity. While currently the economic situation is in the downward trend, the enterprise can only increase relative after-tax profit by controlling costs. Among them, an important way to control costs is to conduct tax planning by optimizing the industrial structure of the enterprise, improving the level of financial accounting of companies and making full use of the state preferential policies and other means. Especially for the coal industry, and now the market changed from a seller’s to a buyer’s market, coal companies are facing enormous pressure to survive and sustainable development, which force coal companies use tax planning to control costs. Generally speaking, tax planning is not in violation of state tax laws and regulations as the premise, through making arrangements in advance for the enterprise business activities tax matters, the purpose is to maintain the economic interests of the enterprise, as far as possible to save enterprise tax cost, increase the profit of enterprise, thereby enhancing the competitiveness of companies. It seems that tax planning is an effective approach to reduce costs, to improve enterprise comprehensive strength and to realize the sustainable development. Besides, it can promote the effective implementation of the enterprise strategy.The main content of this paper includes the introduction and the body. The introduction part briefly expounds the selected topic research background and significance, research ideas and research methods, innovation point and disadvantages. The first part is that the LUA coal company as a case, a simple list of the basic situation, discover the feasibility of tax planning by analyzing financial situation and tax situation of the company.The second part is that by looking at the LUA coal company’s financial statements, combined with the LUA coal company’s financial condition and the tax situation, put forward the tax planning scheme for LUA coal company. The third part is to analyze that the LUA coal company can achieve the anticipated effect of tax planning and the tax planning risk in tax planning process. The fourth part is that according to the risk from the tax planning in the LUA coal company, measures are propounded to prevent risk and provide protection for carrying out the tax planning schemes.