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税收之所以会影响企业之间的并购决策,说到底是因为税收会影响企业的税前和税后的现金流量。并购理论中的纳税协同效应理论认为税收会在并购中起重要的作用,一方面,并购可以通过一定的交易安排而获得一定的税收利益;另一方面,税收制度的规范也可以影响企业的并购活动。因此,企业在并购活动一开始就应全盘考虑,认真而谨慎地筹划,仔细研究并购过程所涉及的方方面面的税收问题。一、并购交易中可能涉及的税收利益从世界范围来看,并购活动中的纳
The reason why tax revenue will affect mergers and acquisitions decisions between enterprises, in the final analysis because the tax will affect the enterprise’s pre-tax and post-tax cash flow. Tax synergy theory in M & A theory holds that tax revenue will play an important role in M & A. On the one hand, M & A can obtain certain tax benefits through certain transactional arrangements; on the other hand, the tax system can also affect the M & A of enterprises activity. Therefore, the enterprises should take the overall consideration from the beginning of M & A activity carefully and prudently and carefully study the tax issues in all aspects involved in the M & A process. First, the tax benefits may be involved in M & A transactions from the world point of view, M & A activities in the na