Research On Tax Incentive Effect Of Public Welfare Donation Of Listed Companies In China

After the introduction of the Charity Law in 2016,charity began to receive widespread attention.As the third distribution means,charity is an effective supplement to the initial distribution and redistribution.In addition,the corporate is the main force of charitable donation in our country,and make outstanding contribution to narrowing the wide gap between the rich and the poor.Based on these,this paper studies the incentive effect of our country's tax policy on Enterprise's charitable donation and how to use tax policy to encourage enterprises to increase charitable donation,and then reach the goal of narrowing the gap between the rich and the poor and benefiting the society.Through the combination of normative analysis and empirical analysis,this paper studies the tax incentive effect of corporate charitable donation in China.According to the fact that the preferential mode of enterprise donation in China only has the pretax deduction,this paper defines the enterprise donation price as the1-enterprise income tax rate*donation permitted to be deducted donation/total amount of enterprise donation.In the empirical analysis part,use 482 listed companies from 2009 to 2017 as sample,donation spending as the explained variable,giving price,net profit,asset-liability ratio and total assets net profit margin as explanatory variables,and the giving price is the core explanation variables.Build the double logarithm linear regression model,using the least squares regression analysis method,and concluded that enterprise donation tax incentive effect is insufficient.Further analyzing the causes of deficiency of incentive:the range of donated subject is relatively narrow,non-monetary donations value evaluation system is imperfect,special preferential tax system is not perfect,the policy of deferred excess donation deduction is not clear,enterprise donation tax incentives program needs to be simplified and the shortage of preferential tax measures.Finally,based on the empirical analysis results and the international experience,this paper puts forward some suggestions to improve the taxation incentive effect of Chinese enterprises charitable donation.