Empirical Studyon The Effect Of The Change From Business Tax To Value-added Tax

Value-added tax(VAT) is with commodity(including the taxable services) value added generated in the process of the transfer as a tax basis and collection of a turnover tax. From 1979 to 1983 trial part city to nationwide; from 2009 VAT reform to 2012 the change from Business Tax to Value-added Tax(BT to VAT), VAT system is gradually developing.VAT and BT levied coexist, not conducive to play the advantages of value-added tax "neutral"; the double taxation from BT, increase the tax burden of enterprises, and cannot further into line with international. With the development of economy, a series of problems from VAT and BT coexist gradually emerging, the change from BT to VAT has become the inevitable choice. In order to improve the tax system, in January 1, 2012, China began to implement the pilot reform in the transportation industry and part of modern service industry in Shanghai.Up to now, the pilot reform has developed across the country.In this paper, we based on the existing research of the change from BT to VAT issues, based on the early reform of the list company of the transportation industry and part of modern service industry as a sample, analysis of the effect of the reform. Based on the perspective of enterprises, we analyzed the changes of tax burden and enterprise performance from the reform. Through empirical analysis, we can draw the conclusion that, in the early stages of reform, the tax burden of enterprises does not increase, and the reform does not adversely affect the performance of transportation industry. However, the reform has a more obvious negative effect for the modern service industry. Based on the perspective of investors, we find that, the reform policy has a positive effect to the modern service industry and the overall majority of the future profits of enterprises. In addition, the impact of reform for the transportation industry is not significant.Based on the conclusion of the study, this paper put forward has certain data to support policy recommendations, have certain reference significance.