The Research On The Financial Performance Impact Of Replacing The Business Tax With The VAT On The Transportation Pilot Public Enterprises

BT to VAT is an important structural tax reductions in the period of China's "twelfth five-year". Its overall goal for the further development of the tertiary industry in our country will produce a powerful role in promoting, which is adapting to our country to adjust industrial structure and shift the overall requirements of economic development mode. On October 26, 2011, the state council executive meeting decided to carry out the pilot, deepen the reform of the VAT system will now impose business tax industry step by step to impose value added tax in some areas and industries since January 1,2012. From January 1,2012 in Shanghai's transportation industry and part of the modern service industry tax change paid VAT pilot, on August 1,2013, has been generalized to across the country on a trial basis. But as the scope of value-added tax levy is expanding step by step, the implementation of the pilot reform in various industry effect and the problems also have been gradually revealed. As a leader of basic industry of the national economic development, transportation industry, is closely involved with the current value added tax in the industry. So bringing transportation industry into the scope of value-added tax levy will be a great help to the connection of the international community. Therefore, this article choose transport pilot listed companies as the research object, analysis the business tax changes under the paid VAT policy transport pilot listed companies financial performance related issues.I study following contents based on the above background, Firstly, expounding the transportation industry and the relevant theories of financial performance. Introducing the business tax paid VAT instead of policy content and corporate financial performance related theory system Secondly, from the difficulty of accounting, the book value of fixed assets, the enterprise income tax burden and the pricing mechanism of the enterprise four aspects to analyze the transport pilot listed companies status quo after the "BT to VAT", From the tax base and tax rates and calculation method, fixed asset investment deduction effect, tax changes and production cost deduction effect to analyze the reason of financial impact on transport pilot listed companies. Change again, from tax changes, deduction effect and tax rate change of transport pilot listed companies financial performance affects the corresponding theoretical analysis.This article on the basis of the study, from the perspective of corporate finance professionals, selecting Shanghai and Shenzhen from 2010 to 2014 a-share transport pilot listed companies as research samples, make assumptions, and build the model, and through the empirical analysis to add "BT to VAT" effects on transport pilot listed company's financial performance, inspection to add "BT to VAT" effect. Finally, in the full text, on the basis of theoretical analysis and empirical analysis, from the angles of enterprise and the government put forward the perfect transport pilot listed companies to implement the "BT to VAT" policy advice to the next step in the hope of the VAT reform and expansion of help.