The Influence Of Tax Burden On The Business Performance Of Commercial Banks Under The Background Of "Replacing Business Tax With Value-added Tax"

In Shanghai at the beginning of 2012,China's pilot to perform business tax paid VAT,after four years of pilot,in 2016 the central decision will change across the country to carry out the camp,involved in industries including construction,real estate,finance and service life.The tax reform is the most important tax reform in China in 22 years.This reform will have a different impact on the relevant industries.Pilot implementation of camp,instead use instead of VAT tax well received by the masses of the people,the original business tax increased the burden of enterprises,high cost of taxes eventually convert to the masses of the people,the VAT tax,reduce the tax burden of human effect at a time.Financial industry is one of the pillar industries of economic and social development.It is not only related to the improvement of people's economic level,but also affects the upgrading of China's tertiary industry and the adjustment of economic structure.The financial industry replacing business tax with value-added tax" from the detailed rules to the short time of policy implementation has brought great challenges to China's commercial Banks facing the reform of VAT tax system.This paper focuses on the analysis of the change of after-tax burden and the effect on the business performance of commercial Banks.The method of qualitative and quantitative analysis was used to comprehensively analyze the VAT reform.The conclusion of qualitative analysis is:"replacing business tax with value-added tax" will make it more complicated to reduce the tax burden of commercial Banks and reduce their operating costs,thus making the financial accounting and operation mode of commercial Banks more complicated,from the perspective of financial,after 16 micro financial analysis of commercial bank,policy for commercial bank assets,income,cost,profit ability,debt paying ability,operation ability and so on various aspects of an impact.Quantitative analysis method and conclusion:analyze the calculation of multiple Banks,and make a comparative analysis of the changes of tax burden before and after replacing the 'tax with VAT' with the formula method,through the VAR model impulse response function and variance decomposition method,the empirical analysis the tax burden of the operating performance of financial enterprises short-term and long-term dynamic effects,and based on the financial data of listed companies to use EROT estimates the commercial Banks' camp to increase tax burden before and after the change.Through the above analysis concluded that the tax impact in the short term will affect the performance of commercial Banks,but in the long term contribution to the promotion of commercial Banks operating performance are much less,so commercial Banks should take the initiative to adapt to the policy of the government called on,adjust their business strategy,so as to improve their overall competitiveness.On the basis of qualitative and quantitative research,in this paper,the "change" camp after the banking industry may face the problem carried on the thorough analysis,and from the macro and micro two aspects how to deal with "camp" instead of banking reform put forward the countermeasures and Suggestions:technical renovation,the government should assist Banks at the same time provide the necessary technical support;reasonable use of tax planning to reduce the tax burden of enterprises;improve the financial management system of the enterprise and improve the financial staff;...