Empirical Study on China\'s corporate income tax reform and Effective Tax Rate
| Autor: | Qiu,Yu-Heng, 邱雨恒 |
|---|---|
| Rok vydání: | 2019 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 107 As one of the three major tax categories in China, the corporate income tax is an important part in fiscal revenue for the Chinese government and plays a leading role in domestic and international capital flows. Nowadays, countries led by the United States have diverted international capital by reducing corporate income tax, meanwhile, China is gradually embarking on various tax reforms. It has been more than a decade since the last tax reform, whether the corporate income tax system should be adjusted again has become a hot topic again. This paper takes the opportunity to look back at the achievement of the 2008 corporate income tax reform, and explore the factors affecting the effective tax rate in enterprises. Hopefully, this paper will provide a basis for the tax system adjustment from a macro perspective, reflect on the experience, and provide a reference for the corporate tax planning at the micro level. By using the financial data from a China's non-financial listed companies from the year of 2004 to the year of 2011, this paper applies empirical research method to explore the impacts of China's 2008 corporate income tax reform on the effective tax rate of listed companies, and analyzes the factors affecting the effective tax rate. The results show that the corporate income tax reform has a significant impact on the average effective tax rate of listed companies. Empirical analysis proves that factors affecting corporate tax burden include company scale, debt ratio, profitability and capital intensity. Additionally, the region of enterprises and scope of business also influence its effective tax rate. Among these industries, the high-tech industry which enjoys favorable tax incentives before the tax reform, is influenced less by nominal tax rate adjustment, after the preferential treatments are tightened in the tax reform. Based on the above results, the paper puts forward related suggestions at the end. The result of the study have implication foe policy-making, corporate governance, and future reserch. Key words: China corporate income tax, Corporate income tax reform, Effective tax rate |
| Databáze: | Networked Digital Library of Theses & Dissertations |
| Externí odkaz: |
|