Study On Tax Planning Of BG Logistics Corporation In "Business Tax To VAT" Reform

Over recent years,Business Tax to VAT has become an important measure of tax reform in China,which is the focus of the current reform and hence has aroused widespread social attention.In the meantime,with the rapid development market economy as well as the gradual refinement of the tax system of China,tax payers have paid more attention to Tax Planning.In order to promote the development of the logistics industry,logistics industry has been fully integrated into Business Tax to VAT pilot firstly among all the industries.The original intention of Business Tax to VAT reform is to resolve the double taxation problem and ease the tax burden by tax system optimization.However,it is noteworthy that the recent implementation of the tax reform of Business Tax to VAT in logistics industry has somehow further increased the economic burden on the some logistics companies comparing with the tax paid before the reform.As an essential means of enterprise Financial Management,Tax Planning serves to effectively ease the tax burden for the company.Not only can it save operation costs to win the competitive edge of the company in the market,but it also helps the enterprise to achieve optimum benefits.The author chose the BG Logistics Corporation as the object of study.Based on the studies concerning Tax Planning both at home and abroad,with reference to relevant measures on Business Tax to VAT in logistics industry,this thesis attempts to apply the theories of Tax Planning to the analyses of the current situation and tax-related management problems of BG Logistics Corporation.Focusing on tax types,specifically added value tax and enterprise income tax,using research methods such as literature research,field survey,questionnaire survey,effective Tax Planning measures have been put forward to tackle the problems arising in the procedures of Fund raising,Investing,Operating and Accounting.There are five parts in this article;the first part refers to study background and purpose,related theories and references.The second part compares the policy changes before and after the Business Tax to VAT reform.The third part introduces the general information of BG Logistics Corporation and the tax management problems.The forth part proposes targeted tax planning measures and the risks of conducting Tax Planning,and possible prevented measures have also been discussed in the fifth part.It concluded as follows,in the added value tax aspect,BG Logistics Corporation should strengthen internal costs management,consider the amount of input tax deductible and price factors to select the supplier,distinguish the main business income with different tax rates.In the enterprise income tax aspect,BG Logistics Corporation should select some other financing methods which is more conducive to thecorporation,optimize the fixed assets depreciation methods,consider recruitment of persons with disabilities and change the contract subject and form,and so forth.In sum,this thesis aims at easing the tax burden,increasing the profits and achieving optimum benefits for the enterprise.The author comes up with a feasible Tax Planning for BG Logistics Corporation,with a detailed study of the tax-related problems resulting from the corporation.It is hoped that the findings of this thesis can help to boost the development of Tax Planning in logistics industry.