An Empirical Study On The Impact Of "BT To VAT" On The Performance Of Listed Companies Of Logistics Industry

For a long time,the implementation of the taxation structure where both business tax and value-added tax coexisted in China has created problems of repeated collection,unfair tax burden,and heavy tax burden.These has seriously hindered the development of the tertiary industry and these are not conducive to the In order to reduce the burden on enterprises and to make China's tax system more equitable and reasonable,starting from 2012,China's taxation of value-added tax for business tax in the tertiary industry was first tested in Shanghai and then implemented nationwide.The logistics industry is a complex industry that integrates industries such as transportation,warehousing and services,and occupies a very important position in the tertiary industry and even in our national economy.The logistics industry is a pioneering industry in the policy of "reform by business reform".At the initial stage of the policy implementation,experts and scholars from all walks of life have drawn the conclusion that the tax burden of enterprises has "increased without decreasing".Since 2012,it has been implemented for more than five years.As time goes by,whether the implementation of the policy has reduced the tax burden of the company and whether it has a positive and positive impact on the performance of the company is a hot issue at present.This article examines the impact of the change of value-added tax on business tax from the micro perspective.Based on the theory of tax neutrality,tax optimization theory,and tax reduction theory,from the perspective of financial performance,the paper analyzes the impact of tax reform on the impact of the "business-to-business reform",the impact of the company ' s daily operations,and the impact of financial capabilities.The financial data of listed companies in logistics companies provide empirical evidence.The sample data of 2010 A-listed companies of the national logistics industry A-shares were selected from 2010-2016 to establish a multiple regression model.Using the principal component analysis method to derive comprehensive financial indicators,and then a regression analysis was conducted.The following conclusions were obtained:Firstly,reduction of"batched-increase" The tax burden of listed companies in the transportation industry has improved their financial performance levels;secondly,after the "reform from business reforms," the deductible effect of raw material input tax is positively correlated with the financial performance of the company.The higher the deduction rate,the higher the financial performance.The higher the level of improvement;Lastly,the The deduction effect on fixed assets is also positively correlated with the financial performance of enterprises.lt can be seen that as time goes on,the negative impact of business tax to value-added tax on the brought about by the tax burden of enterprises is slowly being eliminated.As far as the development of China' s current stage is concerned,value-added tax is more better than business tax.