Study On The Problem Of Value-Added Tax Of Listed Companies In Our Country

Value-added tax has become the main tax of turnover tax system which it was reformed in 1994, and it accounted for almost 40% in the entire tax revenue, it is also a large expenditure for taxpayers a lot. Since production-type value-added tax is implemented in our Country, and it is no longer suited to the further development of Chinese companies during 10 years. Moreover, most of other countries have implemented consumption-type value-added tax and tax systems are perfect, it is also bad for the development of our country. So facing the new period of transformation of value-added tax, it is timely and urgency to research the influence factors of value-added tax and the profit on how to be effected by value-added tax and then provide proposals for tax planning and further tax reformation.637 listed companies are chosen in Shenzhen and Shanghai Stock Exchanges as researching samples of this paper, including 35 manufacturing companies in northeast provinces which have implementing preferential policies and 70 companies which have transportation costs. According to theoretical analysis, it conducts regression analysis to company's the proportion of fixed assets against assets, the proportion of inventory against assets, gross margin with the actual value added tax rate for five consecutive years data of 637 companies by using software SPSS 11.5. In the same way, it deals with the proportion of transport costs against sales with actual value-added tax rate about the data of 70 companies. For 35 manufacturing industries with the preferential policies, in order to analyze the preferential policies impact on value-added tax, software SPSS 11.5 is also used through Paired-Samples T test to analyze the proportion of fixed assets against assets, proportion of taxes payable against debt and the actual value-added tax rate.The conclusions are followed: burden of value-added tax difference exist in different industries and areas; The actual value-added tax rate is linear positively related to the proportion of fixed assets against assets and gross margin; It is linear negatively correlated with the proportion of inventory against assets; And it is no-linear correlation with the proportion of transport costs against sales; In the long term run, the tax preferential policies in the northeastern China, have no effect on investment in fixed assets, taxes payable and value-added tax of listed companies; And value-added tax has effect on profit with other things.