DocumentCode :
2199971
Title :
Influence on Taxpayer´s Financial Statements Of VAT Reform in China
Author :
Tan, Qingmei ; Fang, Jie
Author_Institution :
Sch. of Manage., Tianjin Univ., Tianjin, China
fYear :
2010
fDate :
24-26 Aug. 2010
Firstpage :
1
Lastpage :
4
Abstract :
Based on the tax burden, book value of fixed assets, depreciation, income and cash flow, this paper analyzes the influence on the taxpayer´s balance sheet, income statement, cash flow statement and statement of change in equity of the VAT reform in China. For the given amount of purchased fixed assets, the result shows that the VAT reform will reduce the tax burden, decrease the book value of fixed assets and depreciation, increase income, reserve surplus, undistributed profits and cash flow from operating activities, promote the enterprise competitiveness and enhance the fixed assets investment motivation of taxpayers. If the fixed assets investment increases sharply owing to the VAT reform, the more complicated characteristics of book value of fixed assets, income and cash flow would emerge.
Keywords :
financial management; taxation; China; VAT reform; book value; cash flow statement; fixed assets; income statement; purchased fixed assets; tax burden; taxpayer balance sheet; taxpayer financial statements; Books; Construction industry; Finance; Indexes; Investments; Maintenance engineering; Production;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Management and Service Science (MASS), 2010 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-5325-2
Electronic_ISBN :
978-1-4244-5326-9
Type :
conf
DOI :
10.1109/ICMSS.2010.5578290
Filename :
5578290
Link To Document :
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