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资本结构优化是企业财务管理的重要内容。而企业债务融资方面的税收法律规定却是资本结构优化中不容忽视的问题。随着新企业所得税法相关法律法规的出台及完善,如何在优化资本结构中确保优化的收益?则需对相关税收法规政策进行正确的理解,对其中需要注意的问题加以明示。如何优化企业的资本结构是企业财务管理的重要问题之一。资本结构相关理论都重点研究了债务融资的节税收益和破产成本。本文从我国企业所得税法出发,分析了在我国设有机构(分公司或子公司)的跨国企业在进行资本结构安排时会受到的法律制约,并重点研究了跨国企业应采取的筹划措施。
Optimization of capital structure is an important part of enterprise financial management. However, the tax laws and regulations on corporate debt financing are problems that can not be ignored in the optimization of capital structure. With the promulgation and perfection of the relevant laws and regulations of the new Enterprise Income Tax Law, how to ensure the optimized income in the optimization of capital structure? It is necessary to correctly understand the relevant tax laws, regulations and policies and make explicit the problems that need attention. How to optimize the capital structure of an enterprise is one of the most important issues in the financial management of an enterprise. Relevant theories of capital structure focus on the tax-saving benefits and bankruptcy costs of debt financing. Based on China ’s Enterprise Income Tax Law, this article analyzes the legal constraints that MNCs that have institutions (branches or subsidiaries) in their capital structure arrangements and focuses on the planning measures that MNCs should take.