Can a company's more than a dozen tax arrears announcements explain its financial situation?

Can a company's more than a dozen tax arrears announcements explain its financial situation?

Failure to file tax returns on time will bring credit stains to the company and have the following effects.

(1) The legal representative cannot borrow money to buy a house;

(2) The legal representative cannot do immigration;

(3) The legal representative can't get the endowment insurance;

(4) The company is fined 2000- 10000 yuan by the tax bureau every year;

(5) In case of tax arrears, the legal representative of the enterprise shall be prevented from leaving the country; Can't catch up with the plane and high-speed rail;

(6) if the tax is not declared for a long time, the tax bureau will come to the door for inspection;

(7) If the tax is not declared for a long time, the invoice will be locked;

(8) The industrial and commercial credit network has entered the list of business anomalies, and all foreign bidding businesses have been restricted, such as opening bank accounts and entering shopping malls.

Legal basis:

According to Article 37 of the Notice of State Taxation Administration of The People's Republic of China on Printing and Distributing the Administrative Measures for Pre-tax Deduction of Enterprise Asset Loss (Guo Shui Fa [2009] No.88), the investment loss of qualified equity (equity) of an enterprise shall be determined according to the following relevant evidence, in which the second case is the bankruptcy announcement and bankruptcy liquidation documents of the invested entity.