Research On Tax Incentive Effect Of Corporate Charitable Donation

In recent years,with the formal implementation of the charity law,people from all walks of life are increasingly calling for the optimization and implementation of preferential policies to promote the development of charity.However,as the tax incentive system for charities in China has not yet been established,the mismatch between the current tax system for charitable donations and the donation behavior is increasingly prominent,which restricts the development of charities in China and has affected the donation strength and efficiency of major enterprises.From the perspective of taxation,the research on the status quo and current tax policies of corporate charitable donations in China reveals that the overall intensity of corporate donations in China is relatively low.The level of tax legislation on charitable donation is too low and the long-term consideration of tax preferential policy system is lacking.Moreover,the donation data and relevant economic indicators of a-share listed enterprises from 2016 to 2018 are further introduced,and the absolute value of the price elasticity coefficient of charitable donations is less than the absolute value of the elasticity coefficient of net profits by using the log-log linear regression model,and the input of corporate charitable donations will increase with the reduction of corporate income tax rate.The increase in the return on total assets will reduce the investment of corporate charitable donations.Finally,through the analysis of relevant tax preferential policies and regulatory measures on charitable donations by charitable organizations and enterprises in the United States,China and the United Kingdom,it is concluded that China should further strengthen the supervision of charitable organizations and give more tax preferential policies matching their behaviors by fully considering the interests of charitable organizations and donation enterprises.Therefore,in order to promote the development of corporate charitable donations,the government should appropriately reduce the corporate income tax rate,flexibly set up preferential tax methods,further strengthen tax supervision on the premise of lowering the threshold of charitable access,and improve the preferential tax policies for non-monetary charitable donations.