Research On Tax Planning During The Overseas M&A Of Chinese Enterprises

At present,most of China’s leading enterprises have carried out one or more overseas M& A,and the majority of small and medium-sized enterprises are also actively carrying out overseas M & A.Generally speaking,Chinese enterprises have achieved good economic results through overseas M & A.Through overseas M & A,Chinese enterprises can quickly obtain advanced technology,professional talents and sales channels from the acquired enterprises,and then break through the bottleneck of their own development to obtain a broader overseas market;on the other hand,it can greatly reduce the high transnational transportation costs and tariff barriers caused by exports.However,due to different countries involved in overseas M & A,the differences in tax system,tax jurisdiction and tax laws and regulations have brought tax challenges to overseas M & A.Based on this,this paper studies the tax planning of overseas M & A of Chinese enterprises from two aspects of theory and practice.There are three chapters in theoretical research.The first chapter is the introduction,which is a brief background of the paper.The second chapter is the overview and theoretical basis of overseas M & a tax planning,including the overview and theoretical basis of overseas M & a tax planning.The overview of overseas M & a tax planning respectively introduces overseas M & A and tax planning,and defines the "overseas M & a tax planning" mentioned in this paper;the theoretical basis of overseas M & a tax planning introduces the synergy effect theory and transaction cost theory.The third chapter is the choice of tax planning strategy for overseas M & A of Chinese enterprises.Firstly,it introduces the tax policies related to overseas M & A from domestic and foreign aspects,then analyzes the feasibility of tax planning for overseas M & A from internal and external aspects,and finally introduces the methods that can be selected for tax planning for overseas M & A of Chinese enterprises.The part of practical research has two chapters,corresponding to four or five chapters of the thesis.In this part,a classic case of overseas M & A,i.e.Hegang Resources M & A of South Africa PC company,is selected.The fourth chapter is the analysis of tax planning ofPC company in South Africa.Firstly,it gives a brief introduction to the transaction background,including the involved companies and the transaction process.Then it analyzes the feasibility of tax planning of overseas M & A from the inside and outside combined with the case.Finally,it uses the tax planning method mentioned in the third chapter to analyze the case.The fifth chapter is the tax planning risk analysis of the merger and acquisition of Hegang resources.It puts forward the possible tax planning risk of Hegang resources in the process of overseas merger and acquisition,and puts forward the avoidance measures.