An Empirical Study Of The Factors Affecting Income Taxes In The Automobile Manufacturing Industry

With the development of China's economy and the continuous improvement of people's quality of life,cars are no longer high-end products that most people can't afford,but they are an indispensable means of transportation in people's daily lives.There is domestic demand as well as export,and now China has become a big country in the automobile manufacturing industry.It is not difficult to see from the development process of the entire automobile industry that the development of China's automobile industry has become an important part of the national economy to this day.Corporate income tax,as the second largest basic tax in China's current tax management system,is one of the main sources of national public financial revenue.In addition,corporate income tax is a key tax paid by enterprises as part of their daily tax management activities.It is also an important factor affecting the net profit after tax of enterprises,and there is obvious room for tax planning.Therefore,the income tax burden of an enterprise is not only related to the country's fiscal lifeline,but also important to the actual operation and development of the enterprise.Based on reading theories and literature on the impact of corporate income tax burdens at home and abroad,this article selects the annual financial statement data of listed companies in the automotive industry in the five years from 2014 to 2018 as samples,descriptive statistical analysis of the actual corporate income tax burden level,and then carried out an in-depth empirical analysis of the close relationship between the actual corporate income tax burden and the size,asset structure,financing structure,management level,profitability level of the automobile manufacturing company.The empirical results show that the current ratio of the automobile manufacturing company's size and financing structure is positively related to the actual corporate income tax burden.Asset structure factors,the asset-liability ratio and long-term debt ratio in the financing structure,and the management level and Factors such as profitability are negatively related to the actual corporate income tax burden.Finally,based on the results of empirical research,this article proposes several tax planning suggestions to reduce the actual corporate income tax burden.