Research On The Financial Impact Of Tax Cuts And Fee Reductions On Manufacturing Enterprises

From the perspective of international environment,the trend of global economic development is slowing down,the international economic environment is complex and changeable,and the trade friction between China and the United States is increasingly aggravating.In terms of domestic environment,China's economy has made remarkable achievements in the past 30 years.At the same time,China is also faced with the dual tests of transformation,upgrading and structural adjustment.China's reform has entered a deep water zone.China is a big manufacturing country,which plays a key role in the development of the real economy.China's manufacturing enterprises have ranked first in the world in terms of total quantity,but there are still some problems in quality,such as lack of independent research and development ability,low level of technological innovation and unreasonable industrial structure.In order to further promote the transformation of China's economy from high-speed growth to high-quality development,the CPC Central Committee and the State Council have introduced a series of tax and fee reduction policies since 2019 to "live water and raise fish",and listed manufacturing enterprises as the focus of burden reduction,in order to promote the technological innovation,transformation and upgrading and structural adjustment of the manufacturing industry.Policies prevailing worldwide tax effect for manufacturing enterprise,will be reflected by the influence of the financial aspects,this article selects the Y enterprise company,as a case study of tax cuts Jiang Fei for manufacturing enterprise financial impact,and put forward countermeasures and Suggestions,make manufacturing enterprises can enjoy the tax and fee reform brings the maximum policy dividends.Through investigation and research,I collected the financial data of Company Y from 2015 to 2019,and made a comprehensive analysis by combining case analysis and financial index analysis.On the basis of theoretical research,this paper first introduces the policy background of tax reduction and fee reduction in China,briefly lists the specific content of tax reduction and fee reduction policies in China,and analyzes the financial impact of tax reduction and fee reduction on manufacturing enterprises.Then,combined with the development status,operation status and tax payment from 2015 to 2019 of Y manufacturing enterprise,the analysis concluded that although Y enterprise has a good development momentum,the tax payment amount is high and the tax burden is heavy,which seriously restricts the long-term development of the enterprise.Under the background of tax reduction and fee reduction policy,through comparative analysis of the tax burden changes before and after tax reduction and fee reduction of Y enterprise,it can be seen that the overall tax burden of Y enterprise has been effectively reduced.Then,using the financial index analysis method,from the four aspects of the profit,operation,debt repayment and development of Y enterprise,a comprehensive comparative analysis of the financial performance of the company in the past five years is made,and the conclusion is drawn that the tax and fee reduction policies have generally improved the financial performance of the company.At the same time,the tax and fee reduction policy has greatly improved the cash reserve capacity of Y Company,alleviated the pressure of capital turnover of the company and enhanced the confidence of the development of the company.In addition,the tax and fee reduction policy has also promoted enterprises' deep development of advanced and sophisticated technologies and enhanced their research and development capabilities.The comprehensive research results show that tax reduction and fee reduction have effectively reduced the tax burden of Y manufacturing enterprises,reduced their production costs,and stimulated the development vitality and creativity of the enterprises.Finally aiming at the existing problem of Y manufacturing enterprise itself,from a financial strategy,accounting and internal control and financial personnel overall quality four aspects,proposed under the background of tax cuts Jiang Fei Y enterprise development strategy,the optimization of manufacturing industrial structure,deepen the reform of the manufacturing system,improve the level of manufacturing financial performance,boost the leap development of manufacturing enterprises with high quality It has a positive promoting effect.