A Research On Effective Tax Planning Of HM Company

Tax planning as a professional discipline,domestic and foreign experts and scholars have made many valuable research results.A review of the history of tax planning,in the early stage of tax planning theory,the objective is to minimize the tax burden,but with the development of economy and the deep discussion on the theory of related fields,it's gradually found that the traditional tax planning theory has not fully considered the cost of the plan,especially the non-tax cost,the limitation of the traditional tax planning theory is the goal of minimizing the tax.Early 90 s,Myron Scholes and Mark Wolfson put forward the concept of effective tax planning for the first time in their book,named <tax and enterprise strategy >,making up for the limitation of traditional tax planning to a large extent.This paper takes the enterprise tax planning as the research point,summarizes the theoretical defects of early tax planning,draws lessons from domestic and foreign research results,in depth study of the relevant basic theory of effective tax planning,investigates effective tax planning in various perspectives.At the same time,based on the goal of maximizing after tax income tax planning,analysis of the basic elements of effective tax planning——tax cost and non-tax cost.From the perspective of uncertainty,this paper studies the intrinsic relationship between the two,which is the basis for the research of the effective tax planning framework.On the basis of effective tax planning theory and practice based on working practice,this paper takes HM company as a case,according to the company's effective tax planning situation,puts forward the problems,summed up the HM Corporation to implement the necessity and advantage of effective tax planning.Under the premise of not violating the tax law,to realize the enterprise value maximization as the goal,put forward the measures to deal with the tax planning risk and suggestions.Hoping that through this study canpromote the development and promotion of effective tax planning theory,so that more enterprises can understand the tax practice of effective tax planning,to provide a certain reference value for enterprises to better use tax law,to effectively plan the enterprise tax related matters,achieve the goal of maximizing the value of enterprises.