A Study On How The Ownership Structure Affects The Actual Income Tax Burden Of Listed Companies

Income tax as one of the important enterprise burden of taxes,the current basic rate is 25%, which is a relatively modest fees for companies. Reduce enterprise income tax burden Plays an important role for enterprise development. While ownership structure as corporate governance mechanism and the important foundation of enterprise component is a significant impact for enterprise behavior choice and operational efficiency. Based on different ownership structure under different enterprise tax planning enthusiasm ownership structure and consideration, this paper studies the relationship between ownership structure and actual income tax burden. Research the shareholding structure of the influence of income tax have actual theoretical significance and practical significance. On the one hand, it promotes enterprise tax and corporate governance research; On the other hand, it helps the listed company governance structure and reduce the optimized tax burden of enterprises and improve enterprise value.Using the data of 825 listed companies during 2007 to 2009, this paper studies the impact of ownership structure on the actual income tax burden. This paper defines ownership structure as the type of eventual controller from quality and defines it as ownership concentration and ownership balance form quantity.At first the thesis tests the impact of the type of eventual controller on the actual income tax burden. Based on the most directly hold equity shareholders may not be the final control must be enterprise of consideration, this thesis select the type of eventual controller as ownership structure properties variables, which is one innovation. Secondly this paper tests the impact of ownership concentration on the actual income tax burden. The first step we reject ownership concentration factors, the second step jion in ownership concentration factors. The third step add the type of eventual controller to see the difference.Thirdly this paper tests the impact of ownership balance on the actual income tax burden with the same method. In the second step and the third step, join the type of eventual controller, rather than individual income to their respective actual to study the influence of the tax burden, which is the other innovation. Finally overall return the three variables of ownership structure for comprehensive consideration of the actual tax burden on their income tax work together, which verify the return of the single variables and improve research conclusion.We draw the following conclusions:firstly, State-controlled listed company has significantly higher actual income tax burden than non-state-owned holding listed companies. Secondly, the relationship which is the actual income tax burden increase at first and then decrease as the ownership concentration increasing is more significant in non-state-owned holding listed companies. Thirdly, The negative correlation between ownership balance and the actual income tax burden is more significant in non-state-owned holding listed companies. This paper makes three suggestion:Firstly hold the state-owned shares rationally, encourage to reduce actual tax burden by the tax planning. Secondly, lower high ownership concentration, play the enthusiasm of moderate concentration of ownership. Thirdly make use of ownership balance reasonably, optimize corporate governance effect.