Analysis Of Impact Of China Turnover Tax Reform On Internet Finance

In recent years,driven by mobile Internet,block chain,the big data,cloud computing and other information technology rapid development,a batch of internet finance enterprises which take internet payment,P2P lending,internet micro-finance loan as their main business developed rapidly.At the same time,the VAT pilot reform was also in full swing,covering every industry in just a few years,and thoroughly knocked out the Business Tax which has been imposed in China for more than 66 years.Under such background,this paper took the typical business model of internet finance as the research object,including internet payment,P2P lending platform,and micro-finance loan,and used literature research,comparative analysis,qualitative analysis,empirical analysis and other research methods,combined with the concrete structure and the arrangement of the relevant internet finance business,respectively.This paper also analyzed the changes of internet finance enterprises' turnover tax burden and the impact on the specific business arrangement due to the VAT pilot.In addition,during the research,the author also tried to describe the business arrangement from a finance and tax angle so as to discover the VAT pilot's deeper impact,which is not just about the tax burden,and in the end proposed recommendations conducive to the development of internet finance industry.