An Empirical Study On The Impact Of "Vat Pilot Expansion" On The Tax Burden Of Financial Industry

Starting from January 1, 2012,"VAT Pilot Expansion" works gradually open in China, as of may 1, 2016, the construction industry, real estate, financial industry and domestic service industry have been fully included in the "VAT Pilot Expansion" scope.This is another profound reform of the fiscal system since the tax system reform in 1994."VAT Pilot Expansion" has made the positive effects of tax system, enterprise burden,economic transformation,system optimization and promotion management,and become a bright spot in deepening the economic system reform in China. In the period of accelerating the transformation of the development mode,sweeping away" VAT pilot expansion" is not only the inevitable choice of perfecting our tax system, but also the urgent need to promote the development of modern service industry and promote the sustainable development of economy. This paper first introduces the basic theory of" VAT pilot expansion" and the content of the policy and financial" camp" policy, analyzes the impact and change of the financial industry tax before and after the tax reform, and calculates the tax burden of small-scale taxpayer and general taxpayer after" VAT pilot expansion ". On the basis of the above, puts forward two hypothesis, to implement" VAT pilot expansion" as the standard to give the" VAT pilot expansion" policy virtual variable,through the financial data of listed financial enterprises regression analysis, and concluded: first, the implementation of" VAT pilot expansion" policy, the financial enterprises to reduce the tax burden; Second, the asset-liability ratio, the size of the enterprise and the different sub-sectors can affect the tax burden. Finally, this paper puts forward the corresponding suggestions from the perspective of enterprise and government, such as optimize the enterprise income structure and enterprise structure,improve the deductible system, and vigorously promote the process of cleaning charge project and establish tax system.