Research On The Impact Of The "Tax Reduction" Policies On Tsingtao Brewery

As global economic growth continues to slow,and the Chinese economy is in a critical period of transformation and transformation,the government has adopted a series of proactive fiscal policies,including structural tax cuts.In order to further reduce the burden of enterprises,enhance the vitality of enterprises,and improve the economic environment,the government continued to promote the implementation of the "tax reduction and fee reduction" policy in 2019,and implemented more tax reduction and fee reduction measures for enterprises and individuals.The implementation effect of "tax reduction and fee reduction" will be reflected by the financial performance of the enterprise.Therefore,this article will take the effect of "tax reduction and fee reduction" on the financial performance of the company as the research content.In order to study the impact of the new round of "tax reduction and fee reduction" on the financial performance of enterprises,this paper selects the Tsingtao Brewery of the leading enterprises in the beer production industry in China(hereinafter referred to as Tsingtao Beer)as the research object,in the new round of "tax reduction and fee reduction" background,the comprehensive use of financial indicators analysis,case analysis,based on Eva Model Analysis and other methods for analysis.This paper first introduces the main business of Tsingtao brewery and the operation of the company after the new round of "tax reduction and fee reduction",secondly,this paper analyzes the impact of "reducing taxes and fees" on the production and operation of Tsingtao Brewery from four aspects: corporate tax burden,cost,product price and profit,this paper analyzes the financial performance of Tsingtao brewery before and after the new round of tax reduction and fee reduction from four aspects: Debt paying ability,profit ability,operation ability and development ability Then by calculating the trend of its economic value added(Eva),Tsingtao Beer's economic value added(Eva)increased after the new round of "tax reduction and fee reduction",but remained negative,therefore,Tsingtao brewery in achieving high profits while there is still a potential crisis.The results show that the "tax reduction and fee reduction" can greatly reduce the tax burden of Tsingtao Beer,reduce the production cost and increase the profits of the enterprise;"Tax Reduction and fee reduction" has more positive than negative effects on Tsingtao Beer's performance,and the economic value added has increased,but it is still negative.In the end,the countermeasures of reducing taxes and fees are put forward for Tsingtao beer itself,this will be of far-reaching and positive significance to promote tax fairness,optimize industrial structure,establish more reasonable tax system,improve the level of financial performance of enterprises,and protect the interests of shareholders and every investor.