An Empirical Study On The Influence Of Operating Vat Reform On Listed Companies Performance In Transportation Industry

The VAT is a structural tax cut that China is now implementing.It mainly relies on obtaining less fiscal revenue in the short term,so as to achieve long-term development of fiscal revenue,which will contribute to the sustainable development of China's economy and also to the reform of the supply-side structure to good effect.After the implementation of this policy,although the overall tax burden has been reduced,some industries have shown signs of increase,especially in the transportation industry.However,some people have suggested that this is normal because of the time lag in the increase in the number of operations,in the coming years.There will be a turn for the better.Although many articles analyze the influence of the business reform and reform on the corporate performance of the transportation industry,they have not analyzed the overall tax burden and corporate performance separately,and there are few article analysis lags.Now is the 7th year of the reform and implementation of the reform.This article adopts the DID model(double difference model),one of the mainstream methods of econometrics,to analyze the impact on the transportation industry,and also test the lag of the policy.Using this method can effectively avoid the effects of some synchronic factors that cannot be excluded,and thus measure the net effect.This article carefully sorts out the relevant literature of the transportation industry and selects the latest research topics.This article deduces the comprehensive performance of the enterprise from three aspects.From the overall tax burden and comprehensive performance of the enterprise,this paper uses the DID model to study the effect of the reform of the VAT policy.In the empirical study,we selected 71 transportation enterprises listed in Shanghai and Shenzhen and obtained the panel data of the enterprises from 2010 to 2016,and obtained the net effect of the policy through the method of double difference.The conclusion is that there is a lag between the reform of the camp and the transportation enterprises In the current year,the business reform increased its negative effect on the business and became better in the coming years.Finally,the problems existing in the reform of the camp were raised and specificcountermeasures were put forward.