The Effect Of Tax Burden On Manufacturing Industry In China

Manufacturing industry is the core part of our country's real economy,and it is also the basic department for increasing income and employment.Since 2012,China's economy has entered the "new normal"and combined with the"stage of structural adjustment painsiness"during the period of"economic slowdown”,the extensive and inefficient development model has been unable to adapt to the new economic requirements;2016 Since the second half of the year,around the topics of"tax burden pain index"and"death tax rate",the issue of whether China's manufacturing industry is overtaxed has become the focus of controversy.In fact,it reflects the adjustment and transformation of the manufacturing industry in China.Highly concerned with the issues that arise during the upgrade.By sorting out relevant taxation methods for corporate tax burdens,the research dynamics of micro-level corporate tax burdens,and the effects of the current tax system structure in China,this paper examines the many economic effects of taxation structure dominated by turnover taxes..Through the full sample analysis of the listed companies in the manufacturing industry,the study finds that the tax system based on turnover tax in our country shows a“tax-neutral”effect at the current development stage,and the"rigid"cost pressure actually reflects the urgency of China's tax system reform.In addition,the paper introduces the differences in the characteristics of the size of the company,the nature of the property,the ratio of labor and capital,the economic region,and the industry it belongs to,and validates the“structural effects”highlighted by the tax burden of listed companies in China's manufacturing industry.The purpose and significance of this study are as follows:First,it clarifies the "tax-rigidity"effect highlighted by China' s current tax system,which is the lack of flexibility of corporate tax burden on corporate profitability;Under the"tax rigid"effect,there are many"structural effects"of listed companies in the manufacturing industry in China in terms of scale,property rights,labor-capital ratios,and economic regions.The significance of this paper at the level of policy operation lies in:first,optimizing the structure of the tax system,increasing the proportion of income tax and property taxes,and reducing the proportion of turnover taxes;second,persisting in the“holistic burden reduction”and“structural adjustment"of tax reform,and coordinating and nurturing“innovation".The relationship between driving and guaranteeing"employment and income increase";Third,we must focus on and timely promote the conversion of the tax system to the direct taxation system,so as to truly achieve the goal of"reduction of corporate tax burden"and restoration of taxation"automatic stabilizer".