Probe - Accounting, Auditing and Taxation

Research on tax planning in corporate mergers and acquisitions: A case study of the merger between china national building material group and china national materials group

Yiqing Shi

University of Shanghai for Science and Technology

DOI: https://doi.org/10.59429/paat.v7i1.9443

Keywords: State-owned enterprise mergers and acquisitions; Tax planning; Asset acquisition

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Abstract

This paper focuses on the issue of tax planning in corporate mergers and acquisitions (M&A). Taking the M&A between China National Building Material Group Co., Ltd. (CNBM) and China National Materials Group Corporation (Sinoma) as a case study and proposes a tax planning strategy. As an important means of enhancing corporate strength and optimizing resource allocation, tax planning plays a crucial role in reducing tax risks, lowering acquisition costs, and maximizing economic benefits. Within the current legal framework, enterprises should fully leverage tax policies to support M&A. Tax planning is not only a method for reducing costs and improving efficiency, but also a key factor in maintaining competitive advantage. Through case analysis, this paper offers specific recommendations and emphasizes the importance of cultivating tax planning awareness. With the deepening of state-owned enterprise reform, reasonable tax planning can help enterprises reduce tax risks and costs, thus achieving the maximum economic benefits. The research in this paper is of reference value for enterprises to understand the importance of tax planning in M&A and to provide practical solutions and strategies.

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References

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