Research On The Tax Problem Of Shanghai Deepsea Fisheries Reverse Takeover WAHLAP

With the development of market economy, enterprise competition is more and more fierce. In particular, driven by globalization and economic liberalization, enterprises in order to cement its market position, open financing channels, seek better development, are pressing for a restructuring of assets, optimize the industrial structure.Merger and reorganization of enterprises is becoming an eternal subject of capital market,which helps enterprises to adjust the industrial structure, optimizing the allocation of resources, promote the sustainable development, so as to improve the core competitiveness of enterprises, realize the enterprise benefit maximization.A reverse takeover is one of the important ways of enterprise merger, acquisition and reorganization,which is a means of "Curve of national salvation" asssisting listed compared with the IPO,and is short time to market, low cost, simple operation and so on.Meanwhile,when in reverse mergers, enterprises should pay attention to the tax's role and status in the enterprise restructuring.Tax has significant influence in enterprise reverse merger decisions.At present our country enacted laws and regulations for enterprise merger, acquisition and reorganization of the tax problem is mainly on <Enterprise income tax treatment on corporate restructuring business notification> ([2009] No.59) and <Corporate restructuring measures for the management of the business enterprise income tax>([2010] No.4).Enterprises should make full use of the preferential policies in tax regulations to reduce tax cost of merger, acquisition and reorganization, minimizing the cost of the reverse takeover.Based on the concept of a reverse takeover, operation mode, the choice of shell resource, the paper analyzes reverse merger related tax policies,especially for the general tax treatment and the special tax treatment of enterprise income tax, which laid a theoretical foundation for the follow-up study of enterprise reverse mergers.On this basis,the paper, with the help of the case of Shanghai Deepsea Fisheries reverse takeover WAHLAP introduced the case background, operation flow of a reverse takeover and then in-depth analyzed the tax-related issues to study the use of corporate restructuring preferential tax policies, concluding that when an enterprise is in a reverse takeover, using tax policy may face three aspects of risk:the enterprise income tax and other tax and enterprise internal tax. According to these tax risks, the paper put forward countermeasures and suggestions,such as perfecting the enterprise merger, acquisition and reorganization of the relevant tax laws and regulations?raising merger, acquisition and reorganization of tax risk awareness?understanding the tax law, insight into the related tax policy?Reasonable enterprise merger, acquisition and reorganization of tax planning?Improving the quality of the staff, hiring a professional institutions for risk prevention guide, which provide a certain tax reference for the subsequent enterprise reverse acquisition.