Rethinking and Reconstruction:Tax Aspects of Corporate Merger and Acquisition(M&A) in China

Abstract

With the quick advances of economic globalization and the deepening of marketization reform,corporate merger and acquisition(MA) in China has presented a new trend,including internalization in the scope,behavior in market ways,securitization and the form diversity.However,there are many restricted factors in Chinese tax law,such as unreasonable tax structure,incomplete tax items and non-unified tax systems,which distort the behavior;affect the development of capital market.Therefore,some measures should be taken to eliminate the reverse effects of tax law on corporate MA.