Income Tax Risk Management Of Coal Enterprise Based On ERM Theory

The possibility of business risks is gradually increasing with the rapid growth of the economy.How to manage business risks is constantly being emphasized by companies.We believe that reasonable risk management can help enterprises to operate effectively and permanently,but there are many theories and methods of risk management and they are constantly changing in accordance with the progress of the times.In 2017,《 Enterprise Risk Management-Integrating with Strategy and Performance 》 was put forward by Committee of Sponsoring Organizations of the Treadway Commission.This theory is more in line with the needs of enterprise risk management at this stage than the2004 version,which is different from other risk types.Tax risk is not easy to detect in the actual management and involves many business operation links,once the enterprise causing tax risk problems,then it will bring the enterprise economic benefit loss,bad credit record or management cost increase.In China’s tax system,the policy documents on enterprise income tax are complicated and frequently changed,and the production,sales,personnel protection and asset management of enterprises in operation are all related to income tax.In the enterprise income tax accounting,it is often more complicated,so the enterprise income tax risk is one of the more frequent problems in enterprise taxation.And the risk of loss and impact are relatively large and the difficulty of management is self-evident.Accordingly,it is necessary to study how to effectively manage the income tax risk of enterprises.As the pillar industry of WH city,coal enterprises account for a large proportion of tax revenue every year.It contributes a lot to the local economy,but at the same time,there are not a few coal enterprises’ tax risk management problems exposed.Therefore,coal enterprises need to strengthen their tax risk management.The main research of this thesis is to construct the management system of income tax risk of coal enterprises based on the content of ERM theoretical framework,From five aspects: the income tax risk management environment construction,income tax risk management goal establishment,income tax risk identification and the appraisal,the tax risk management performance supervision appraisal,the tax risk information communication and the report,and to apply the system to the actual coal enterprises for analysis.The current situation of income tax risk management in coal enterprises,the characteristics of the industry and the reasons for the existence of risks are analyzed in depth and combined with the documents of the State Administration of Taxation.This thesis selects suitable risk analysis indicators and assessment methods to help enterprises identify risks and understand the hazards of risks in a timely manner.On this basis,this thesis finds out the causes of the risks and proposes rationalized suggestions to catch the coal enterprises income tax risk management.