The Research On Tax Risk Identification And Control Strategy Of China's Securities Industry After The Vat Pilot Reform

With the full implementation of VAT Policy in China,the business tax withdraws from the stage of Chinese tax completely.As an important part of the financial market-the securities industry has attracted a lot of attention in the reform of tax system.Because of their complex financial business and fast speed of innovation,Securities companies have some difficulties when the Value-added Tax policy has been carried out.If handling it improperly,the securities companies may face higher tax risk.Therefore,securities companies should take finding a development mode to evade tax risks effectively into key account under the new tax environment.Under such a background,the paper studies the tax risks that the securities companies may have after the tax reform from the specialty of securities industry.According to the risk identification and evaluation,the author look forward to offering theoretical framework and countermeasures to improve the ability of managing tax risk.Firstly,creating a tax risk identification model of securities industry by analyzing the tax risk that the policy of replacing business tax with value-added tax may give to securities companies,and forming tax risk early warning index system of securities industry by the relationship between tax and economic indicators and financial analysis index to report tax exposure of taxpayers.Secondly,using the analytic hierarchy process to determine each index to evaluate the degree of taxpayer's tax risk through the construction of tax risk assessment model.Finally,through the empirical analysis of the tax risk identification and evaluation of W securities companies,the paper discusses the tax risk management of the securities industry.And then put forward my views and suggestions on tax risk issues in hope to provide for useful reference for securities companies,thus responding to tax reform better and enhancing the comprehensive competitiveness of enterprises.