The Effects Of "Replacing The Business Tax With A Value-added Tax" On The Cultural Industry

As a pillar industry,the cultural industry has been integrated into the national economic development strategies.Combined with our current national conditions,our country is in a critical period of accelerating transformation of the pattern of economic development,in order to promote economic structural reforms and improve our country's national strength;we must develop the third industry,especially in the modern cultural industry.On the basis of "Thirteen Five Plan" of structural tax cuts policy,the cultural industry shall be implemented for replacing the business tax with a value-added tax,to solve the double taxation,reduce the corporate tax cost,improve the ability of enterprise development,and promote cultural industry international competitiveness,it has important significance to promote the development of cultural industries and the transformation and upgrading of economic structure.“replacing the business tax with a value-added tax” as the reform of the fiscal and taxation systems,it is one of the important content to establish a modern financial system,is of great significance not only in theory of reducing the tax burden,achieving tax system conversion,promoting economic transition and stimulating economic vitality,and by studying the effect of “replacing the business tax with a value-added tax” to cultural enterprises will further promote the development of cultural industry.Therefore,this article on the basis of the theoretical analysis,using the “replacing the business tax with a value-added tax” characteristics of gradually,learning from the reference measurement method of difference-difference model,through analyzing of 2009-2016 related to the culture of Shanghai and Shenzhen A-share listed fifty-nine company financial data,the system test of “ replacing the business tax with a value-added tax” to the culture of enterprise tax burden,investment ability,and financial situation,using The Times difference method and the first-order difference method to carry on the empirical research,it is concluded that the “ replacing the business tax with a value-added tax” policy effect and time trend,then we carry on the robustness test.In addition,we divide into three types of resources according to the characteristics of the cultural industry,as resource-based type,manufacturing type,and creative type,analyzing the effect of policy and concluding the factors affecting the effects of different types of cultural industry policy reform,providing a certain reference significance for the continue vigorous development of cultural industry.Our research shows that: the “ replacing the business tax with a value-added tax” policy effectively reduces the sample with cultural enterprises tax burden,improves the enterprise financial performance,and has a certain continuity in time dimension,also effectively promotes the cultural industry transformation and upgrading,then promotes the cultural industry as pillar industry of national economy.From the views of different types of cultural enterprises,the “ replacing the business tax with a value-added tax” policy brings manufacturing cultural enterprise tax burden with larger degree reducing,resources-based cultural enterprise and creative culture enterprise fixed assets investment and financial performance with larger increasing.Comprehending the theoretical and empirical analysis,the result of the throughout our country culture industry development present situation,this article from two aspects of macroscopic policy and microcosmic enterprise give suggestions,in order to better promote the cultural industry transformation and upgrading,promote the development of national economy.