"Camp Changed By" Impact On The Tax Burden Of Listed Companies In The Logistics Industry

Value-added tax (VAT) is a turnover tax which based on the newly increased value in the production and circulation of commodity (including taxable services). Since1979, VAT in China has experienced small scale trial, expanding nationwide in1983. From2009, our country carried out consumption-type VAT, and expanded the scope of VAT in2012. Obviously, the development of VAT in our country is a gradual process.There are two tax systems exist in our country----Value-added tax (VAT) and Business tax (BT). This plan is not conducive to exert VAT’s neutral advantages, and results in breaking the chain of VAT deduction. On the other hand, BT levy repeatedly, increase corporate tax burden, and do not meet international standards. With the development of economy in our country, the disadvantage gradually exposed. BT to VAT transformation has become an inevitable choice. In order to improve the tax system, from January1of2012in Shanghai, China began on the transportation industry and certain modern service industries implementation of the VAT pilot reform, expanding to Beijing, Jiangsu, Guangdong and other8provinces and cities in December of2012.On the basis of the existing research of BT to VAT studies, this article analyzes the influence of VAT reform from the tax aspect with a sample of listed companies in the logistics industry. In the empirical study, this article selects53companies of the A-share listed which belong to logistics industry, then analysis the sample data from descriptive statistical aspect with EViews6.0software, and establishes a multiply linear regression model on tax factors. Finally, this article selects the financial data of12listed companies in the logistics industry of Shanghai pilot in2012as a case analysis.After the analysis, we conclude that:the tax levels of logistics industry listed companies have increased to different degrees after the implementation of’BT to VAT’. These factors influence the tax burden:growth rate of fixed assets, debt to total assets ratio, asset turnover, operating profit margin. Compared to last year, the tax burden of the pilot logistics enterprises generally increased in2012.In conclusion, based on the adverse effects of’BT to VAT’on the logistics industry, this article proposes some appropriate measures and proposals in order to bring a certain reference value to some industries which have yet to implement tax reform.