Research On Preferential Policies Of Income Tax To Promote Corporate Charitable Giving In China

Since the Economic Reform and Opening-up,Chinese economic and social development has been an unprecedented rapid development,the rapid expansion of social wealth makes the people's living standards increasing.However,excessive pursuit of economic efficiency and ignoring the fairness development model has caused serious imbalance in the distribution of social wealth.As an important means of the third distribution of social wealth,charitable giving has played an active role in alleviating the pressure of government financial expenditure and adjusting the gap between the rich and the poor.As the core measure of the government to promote charitable giving,the validity preferential tax policy have been proved by many scholars at home and abroad.This paper is divided into five parts,the first part is the introduction,introduces the research background,research significance,research ideas and methods,the second part is the development course of corporate giving income tax preferential policies and summarize and gauge the relevant policy since Reform and Opening-up,the third part is about the theoretical study on giving of corporate income tax preferential policies,the fourth part is combined with the giving of the listed companies of A Stock Market in China,the empirical analysis on the effect of preferential income tax incentives for corporate giving;the fifth part is combined with the empirical analysis of the current situation and our current income tax preferential policies for the conclusion,and puts forward relevant policy suggestions.The theory part of this paper is mainly based on the theory of utility maximization,with that formula calculation and graphics,demonstrates the current income tax deduction policy can produce incentive effect to the enterprise donation from two aspects of income effect and substitute effect.The empirical analysis,this paper selects the 434 companies which had a charitable giving as the sample,by constructing double logarithm regression model,calculates the corporate giving income elasticity and price elasticity,and draws a conclusion that corporate philanthropy donation expenditure and the price of negative correlation,positive correlation with net profit,the price elasticity of interval is(-0.834,-0.412),the income elasticity of interval is(0.404,0.585).Compared with foreign empirical research,The charitable giving tax price elasticity is low,which may be related to the current system of public giving,especially the relevant tax policy.Combined with current policy and empirical analysis conclusion,this paper puts forward suggestions as follows,optimizing the charity preferential tax system environment,perfecting the tax deduction system,expand the number of nonprofit organizations,strengthen the preferential policies of the propaganda and the credibility of charitable organizations construction.