企业纵向并购的税收筹划

作为企业获得战略性发展的重要方式之一,并购日益成为企业界和学术界关注的焦点。而税收作为影响每一个企业的重要经济因素,是企业并购决策不容忽视的内容。合理的税收筹划有助于并购的最终成功,反之则可能导致并购的失败。本文立足于企业纵向并购,从不同的目标企业、融资方式、实现方式等角度对纵向并购中的税收筹划进行了剖析。

Corporate Tax Planning in Vertical Merger

As one of the important ways in which corporate can gain strategic development, M&A is becoming the focus of business community and academia. And tax which effects each corporate can not be ignored in M&A decisions. Reasonable tax planning is helpful to the ultimate success of M&A while unreasonable tax planning may lead to failure. This paper analyses the tax planning in vertical merger in several factors such as target firms, financing modalities and achieving manners.