Impact Of Environmental Information Disclosure On Tax Avoidance

Recently,environmental issues have received more attention from the society.As the number of companies continues to increase,the pollution problems caused by them have become increasingly prominent.For companies and the society,it is important to deal with the internal relationship between corporate responsibility and green production.Especially important,Fang Xinghai,vice chairman of the China Securities Regulatory Commission,stated in his speech: Strive for mandatory disclosure of environmental information to listed companies in 2020.On the other hand,tax avoidance has always been a hot issue for researchers,and research on tax avoidance is also on the rise.Enterprises have always made corresponding decisions with the goal of pursuing economic benefits.Therefore,certain tax avoidance behaviors are unavoidable.In view of the above phenomena,this article will study the relationship between corporate environmental information disclosure and tax avoidance within the environmental responsibility.This article uses 2016-2018 Chinese A-share listed companies as research specimens to explore the relationship between corporate environmental information disclosure and tax avoidance.This article uses the content scoring method to analyze the state of corporate environmental information disclosure from 2016 to 2018,and to quantitatively analyze the correlation between corporate environmental information disclosure and tax avoidance.The study found that there is a negative correlation between the disclosure of corporate environmental information and the degree of tax avoidance,that is,the higher the quality of corporate environmental information disclosure,the lower the tax avoidance.Further considering whether the company is an environmentally sensitive industry,the study found that the environmental responsibility score of environmentally non-sensitive companies is significantly negatively related to the degree of tax avoidance,and the environmental responsibility score of environmentally sensitive companies is not related to tax avoidance.This article studies the impact of environmental information disclosure on corporate tax avoidance,and proposes some suggestions and countermeasures from the perspective of tax authorities,governments,and enterprises.Firstly,for tax authorities,it is recommended that the performance of corporate environmental information disclosure be included in the scope of daily tax inspection and supervision,and more attention be paid to companies that perform poorly.Strengthen the guidance and supervision of enterprises;finally,for enterprises,they need to improve their own environmental management systems,establish environmental information disclosure systems,comprehensively disclose corporate environmental information,and obtain sustainable competitive advantages.