Abstract
This article reviewed the researches on tax planning published in the domestic and foreign authoritative magazines, and found that scholars put their emphasis on three points: research on the motivation of tax planning; research on the measurement of tax planning; research on the economic consequences of tax planning. With the improvement of the market economy system and the tax system in our country, tax planning can help enterprises to achieve maximum direct economic benefits and value. Besides, with the four-year reform of “business tax to value-added tax” coming to the end, it is particularly important for the enterprises to establish effective corporate tax planning strategy to achieve the scientific and sustainable development.
Highlights
In 2012, the APPLE Company paid $14 billion taxes for the $55.76 billion annual pre-tax income, and after comprehensive calculating, we found that the total tax rate is only 22%, far lower than the federal rate
These studies have proved that the difference between Accounting and Tax can show some part of the tax planning, which proves that regard the difference between Accounting and Tax as a measurement for tax planning is rational
The scholars studied the motivation of tax planning mainly from the respects of enterprise managers’ behavior motive and property rights, and demonstrated the economic consequences of tax planning with explicit and implicit results
Summary
In 2012, the APPLE Company paid $14 billion taxes for the $55.76 billion annual pre-tax income, and after comprehensive calculating, we found that the total tax rate is only 22%, far lower than the federal rate. As the world’s most profitable enterprise, its tax planning did a best job. Tax planning in developed countries is very common and has become a mature industry, and its specialization trend is clear. More than 60% of the companies in the United States appoint a tax agent to handle their tax work, and the rate in Japan is as high as 85%. The annual output of tax consult industry is about $100 billion in the United States. The development of tax planning in China is still at the starting stage. It is not until the establishment of the market economy system that the tax becomes an important factor for corporate interests. The last part is the conclusion, illustrating the existed opinions on Tax Planning and trying to find new understandings of tax planning
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