The Research On The Effect Of Tax Burden On Real Estate Enterprise’s Operating Performance

The ten years from2003to2013is the golden development of real estate industry in China. The rapid development of real estate industry has also led to the rapid growth of China’s GDP, and this period witnesses the miracle of the fast growth of the Chinese economy. However, with the rapid growth of the real estate industry, in addition to housing prices continuing to increase, a hidden phenomenon is that the tax burden of real estate enterprise is increasingly heavy, and the growth rate of real estate enterprises’ tax burden is far greater than that of the real estate industry GDP. Based on such a background, the research on how the heavy tax burdens of the real estate enterprises influences the operating performance of enterprises is in relation to the sustainable development of real estate industry and even the national economy.The paper first carries on the analysis of the tax burden, performance evaluation and operating mechanism of real estate enterprise tax burden effect, and then mainly analyzes the present situation of tax burden and the operating performance of real estate enterprise. Through multivariate regression method, the paper finds out the relation between tax burden and operating performance of real estate enterprises. In addition, the paper uses the factor analysis method to integrate various kinds of financial index representing profit ability, debt paying ability, development ability, and management ability into a comprehensive index reflecting the operating performance of real estate enterprises. Finally, through the empirical regression analysis between the comprehensive index and the actual tax burden rate, sales tax and additional tax burden rate and corporate income tax rate, the paper validates the empirical the assumptions made and explains its rationality.Through the above research, this paper draws the following conclusions:first, the tax burden of real estate enterprises showed a rising trend year by year, the overall tax burden is too high, and the internal structure is out of balance. Second, the correlation between the overall tax burden level and business performance is negative, the correlation between business income tax burden level and business performance is negative and the correlation between Sales tax burden level and business performance is positive. The above conclusion reflects the current real estate enterprise tax burden is too high, which is not conducive to development of the real estate business in the future. Therefore, the paper finally puts forward some suggestions to reduce the tax burden of real estate enterprises.