The Study On Influencing Factors Upon The Incomes Tax Burden Of China's Listed Companies

Enterprises are the main provider of state tax revenue.corporate income tax and turnover tax are the main item of taxation which the enterprises paid to the state. In view of the Shifting of Taxation theory and Tax Incidence theory, the actual tax burden of an enterprises is mainly from the Corporate Income Tax. In recent years the implementation of new Accounting Standards and the new Enterprise Income Tax Law have played a certain regulation role in the quantity and fairness in tax burden and have had a significant impact in the income tax burden. Since corporate income tax plays an important role in the socio-economic development and the process of production and operation,along with the income tax's policy continues to reform and perfect in recent years, the corporate income tax and corporate income tax burden's studies have become a hot research for experts and scholars.Electronics Manufacturing Industry is closely linked with people's lives, it has played an active role in promoting economic development of our country, and it is becoming more and more important in the national economic layout and arrangement of the global industry. This paper uses the income tax burden of the electronics manufacturing industry as a research topic is mainly based on two considerations:First, the electronics manufacturing industry has been enjoying and will continue to enjoy the support of the state's tax policies in the process of the long-term development. Second, electronic manufacturing industry's income tax burden is affected by macroscopic and microcosmic factors, analyzing of the factors which have impact on the electronics manufacturing industry's income tax burden helps guiding the healthy and rapid development of electronics manufacturing industry and indeed playing a leading role in the process of China's economic boom.This paper will further summarize the related concepts, the related theory and the measurement of the corporate income tax burden on the basis of the literature review, then define the electronic manufacturing industry, analyze the status and factors affecting the income tax burden. explore the affection's properties,degree and possible causes of the electronic manufacturing industry's income tax burden. This paper selects 42 listed electronic manufacturing companies'disclosed financial data as study sample for statistical description, and establishes regression model to proceed empirical research for the influencing factors of the electronic manufacturing industry's income tax burden.The results showed that the electronics manufacturing industry's income tax burden was downtrend generally from 2006 to 2010, the proportion of the listed companies whose income tax burden are heavier gradually reduced, most corporate income tax burden is increasingly focused on 15%. Eastern region and central region's income tax burden is higher than that of western region and special economic zones. The implementation of the new Enterprise Income Tax Law had the desired effect in reducing income tax burden of the electronics manufacturing industry. Electronic manufacturing industry's income tax burden is influenced by the macroscopic factors such as economic factors, regional factors and policy factors; meanwhile, it is influenced by the microcosmic factors such as firm size, corporate investment and financing decision-making, ownership structure, and the implementation of tax rates. Among them, the firm size, asset-liability ratio, profit rate to net worth, fixed assets intensity, the proportion of the first shareholders and corporate income tax burden have negative correlation, the implementation of tax rates and corporate income tax rate have positive correlation.