The Research Of Enterprise Risk Management On The Tax Planning Of M&A

As the world's trend of economic globalization intensifying, forcing companies constantly expanding scale, integration of resources, joint operations, in order to enhance overall competitiveness of enterprises and gain a foothold in the market. M&A is an efficient way to realize the rapidly expanding scale and enhance the competitiveness. Since the 1990 s, the M&A wave appears for five times. In recent years, M&A has become an effective way to gain sustainable development for China's enterprises in the fierce market.Tax plays an important role in M&A, the enterprise may give up M&A because of the heavy tax burden, therefore, it produced the tax planning on M&A. The goal of M&A is to realize the maximization of enterprise value, in the process of M&A, companies can undertake planning and arrangement of various tax matters, in order to achieve the purpose of reduce the tax burden, so as to realize the financial goal of M&A. But tax revenue as the tool of national macroeconomic regulation, any form of tax policy change or the enforcement process deviation of tax authorities, it will produce an effect on M&A, therefore, tax planning as a double-edged sword, while enterprises in the planning of huge tax revenues from the tax planning, they should pay attention to the risk management on the tax planning of M&A.This paper is based on the combination of theory and practice and study on how to design tax planning risk management system of M&A and how to apply, it is concluded that enterprises must improve the risk awareness on the tax planning of M&A and build systemic, integrated tax planning risk management system of M&A. The first and the second part of the paper, also is the thesis of the second and the third chapter, mainly introduce risk in the tax planning of M&A and analysis of it. The third and the fourth part of the paper, also is the thesis of the fourth and the fifth chapter, mainly introduce how to design tax planning risk management system of M&A and how to apply.The purpose of this paper is to help enterprises carry out risk management on the tax planning of M&A and maximize reduce the tax planning risks of M&A, on the basis of studying on tax planning risk management system of M&A.