The Study Of The Influence On China Construction Bank For Business Tax Reform Of VAT

In the era of economic globalization,with the accelerating the development of China's market economy,optimizing the industrial structure has become an inevitable trend.In this background,Strengthen the tax reform can effectively stimulate the economy development and promote industrial structure optimization.So it has become the problems China must face in the process of economic development.In 2011,China promulgated the VAT pilot program,and took Shanghai's transportation industry and other sectors of the initial pilot,which is the largest city in China.It achieved certain results,and it opens of China's historical process of business tax reform of VAT.The banking industry is the core position in the financial industry,and it becomes an integral part of the service industry.The rapid development of the banking industry calls for the business tax reform of value-added tax,so value-added tax reform has become an inevitable trend.In 2016,approved by the State Council,since May 1,2016,the pilot of China's business tax reform of VAT in the country is in full swing,the construction industry,service industry,financial industry,real estate industry are the scope VAT reform.The rapid development of the financial industry makes the business tax reform of VAT in baking possible.Banks can reduce the tax burden,reduce and avoid double taxation from a higher sense.It is also conducive to the two or three industry VAT link extension and the rapid development of the financial industry.However,China's banking industry size is larger and it is the core of economic development,there are more complex business processes and it has large scale,the success has a decisive influence on the scientific development of the commercial banks.There are still many problems in the implementation of the banking industry business tax reform of VAT.In this paper,by calculating the data of China Construction Bank around the business tax reform of VAT,find that the tax burden of Construction Bank is increased,profitability is declined.Through the questionnaire survey,we find that there is influence on Construction Bank's daily operation and management and the problems in the process of business tax reform of VAT,then we propose some suggestions from Construction Bank and government.