论股利分配过程中的税收筹划

On Tax Planning in Dividend Distribution

在不违反税法情况下 ,为使股东权益最大化 ,可采取的税收筹划方式包括 :对有投资机会的公司采取剩余股利分配政策、对成长性公司发放股票股利以及必要时采取股票回购政策。

The purpose of corporate financial management is to maximize stockholders welfare. A company may achieve the goal under various approaches. Appropriate tax planning is one of them, which means selecting an appropriate dividend distribution model to minimize the tax burden of stockholders without violating tax laws. This approach is assured to develop in China as the capital return tax has not been levied at present.