The Influence Of Enterprise Income Tax Reform On The Income Distribution Pattern Of Listed Companies

The fairness of income distribution has always been the cornerstone of social stability and economic health development.However,China's wealth polarization is very serious,the gini coefficient is higher than the global gini coefficient.This shows that our country must face and solve the problem of unfair distribution,in order to safeguard social fairness and justice.As a powerful means of macro control,the tax system is the first choice to solve the national regulation problem.Under this background,it is very important to study the effect of enterprise income tax reform in 2008 on income distribution pattern.From the enterprise micro level,this paper use 2003-2012 year's listed companies as samples to study the income distribution.Firstly,divide different factor owners of enterprises into the government(the actual tax rate),investors(shareholders or creditors)and staff(ordinary employees and executives of labor income rate).Then,use suitable variables to measure the distribution of each share.Lastly,based on the nominal enterprise income tax rate changing,using difference-in-difference model to evaluate the change of the explanatory variables,and understand the primary distribution of tax,capital and labor.The research shows that:(1)The reform of enterprise income tax significantly reduces the actual tax rate of enterprises,and improves the enthusiasm of enterprises,promotes the more stable and effective development of the economy;(2)The enterprise of labor income rate increased significantly,especially executive income rate increased significantly,ordinary staff income rate was increased non-significantly,and the state-owned enterprises to shoulder more social responsibilities,non-state-owned enterprises pay more attention to tax planning.So the ordinary employees of state-owned enterprises income rate increased significantly,non-state enterprise executives income rate increased significantly,the central state-owned enterprise executives income rate and ordinary employees income rate increased;(3)The total allocation of factor of enterprise capital increase,and the nature of the characteristics of the enterprise,due to the different property of the state-owned enterprises of the central creditors income rate increase more,local state-owned enterprises and non-state-owned enterprises more shareholders income rate increase.All in all,enterprise income tax reform has positive effect to provide a fair competition environment to domestic and foreign enterprises,improve the ability of enterprise investment,and so on.However,tax reform also has a lot to improve.