Research On Tax Risk Management Of High-tech Enterprises Proposed For Overseas Red-chip Listing

Tax risk is an important factor in enterprise risk management,and both enterprises and tax authorities begin to pay attention to the importance of tax risk management because of the development of tax risk management theory and the complexity of economic activities.The continuous opening and development of the Hong Kong capital market has led many mainland Chinese companies to choose to list in Hong Kong,and most of the enterprises listed abroad adopt the red chip model,especially private enterprises,but the special equity structure will bring more tax risks.In an enterprise that is going to be listed on the red chip,tax risks are not only related to tax credit and daily business activities,but also may affect whether the enterprise can be successfully listed on the stock market.Therefore,it is of great significance to study the tax risks and tax risk management measures of listed red-chip companies.This article selects the case that the S company intends to list on the red chip as the research subject,which is representative to some extent.Enterprise S is a high-tech enterprise that is going to be listed on the red chip.Whether it is a high-tech enterprise or it plans to IPO in Hong Kong,it will face many tax risks.This paper is divided into two parts.The first part mainly analyzes the financial and tax-related status of the case company and the internal control system of tax risks.On the basis of the risk management theory and tax risk management theory,the second part points out that the tax risks of S enterprises before preparing for the overseas red chip listing are mainly related to the qualification of high-tech enterprises,preferential tax policies,the treatment of government subsidies,and some important related transactions.The tax risk of the S enterprise during the preparation of the overseas red chip listing mainly comes from the three aspects of corporate reorganization,the handling of IPO expenses,and the withholding and payment of personal income tax.The tax risk of the enterprise after completing the preparations for the overseas red-chip listing is related to its business plan after listing.The risk factors leading to the tax risks in the above three different operating stages may come from the inadequacy of the capabilities of the managers and other employees of the S enterprise,the incompleteness and uncertainty of the tax law and accounting system.Finally,this article recommends that S companies should follow the enterprise risk management process in the tax risk management of these three operating stages to do a good job in identifying,assessing and responding to tax risks,and attach importance to the establishment and improvement of internal control systems,communication and evaluation mechanisms.