Analysis Of Factors Affecting Income Tax Burden Of High-tech Enterprises

The development of high-tech enterprises plays an important role in promoting China's economic development.While improving people's production and life,it is also very important to improve international competitiveness.Corporate income tax burden as an integral part of enterprise costs has a great impact on the production and operation of high-tech enterprises.To achieve the goal of reducing the income tax burden of high-tech enterprises,it is necessary to understand the factors affecting the income tax of high-tech enterprises.This paper firstly states the purpose of the research and the significance of the research,then reviews and comments on the research results of corporate income tax at home and abroad,and then sorts out the preferential tax policies for high-tech enterprises introduced by the state after the reform and opening up.Then it analyzes the theory of income tax burden,proposes the measurement index of income tax burden,and refers to the research conclusions of scholars.According to the characteristics of high-tech enterprises,it explores the influencing factors affecting the income tax burden of high-tech enterprises,and analyzes the influence of these factors on high-tech.The mechanism of the technology enterprise income tax burden.In order to confirm whether these influencing factors are significant and affect the direction of high-tech enterprise income tax burden.This paper selects 287 empirical data of the financial data of 287 listed companies that have been identified as high-tech enterprises for five consecutive years from 2012 to 2016.After descriptive statistics and individual fixed-effects model regression analysis,it is found that high-tech enterprises have large internal tax burdens,and there is room for tax burden.At the same time,there are differences in tax burdens between different regions and industries,and high-tech enterprise income tax burden and asset-liability ratio.Profitability,R&D investment level,and earnings management are negatively correlated,indicating that debt tax shield theory and R&D expenses plus tax deductions have played a role in high-tech enterprises.Increasing the proportion of creditor's rights and increasing R&D investment can reduce corporate tax burden.The higher the profitability,the lower the income tax burden of high-tech enterprises indicates that the tax policy has played a role in the business results of the enterprises.The interaction between the internal factors of these enterprises and the government tax incentives can well reduce the tax burden of high-tech enterprises.Earnings management is negatively correlated with high-tech enterprises,indicating that the downward management of earnings in high-tech enterprises can reduce the corporate income tax burden.In the case of a certain amount of assets,the higher the capital intensity,the lower the income tax burden of high-tech enterprises,indicating that the depreciation of fixed assets is conducive to reducing corporate tax burden.The income tax burden of high-tech enterprises is positively correlated with the concentration of ownership,but the impact is not significant.Whether the concentration of ownership affects the tax burden should consider whether the actual controller of the company is an individual or a legal person.When it is an individual,it will lead to lack of supervision and financial decision-making tends to maintain stability.Reducing tax planning,thereby increasing corporate tax burdens,will slow down this phenomenon for legal persons.The scale of enterprises,the proportion of state-owned shares,and the proportion of management personnel have no significant impact on the income tax of high-tech enterprises.Explain that political rights theory and political cost theory may not be applicable to high-tech enterprises.At the end of this paper,the empirical conclusions of the factors affecting the income tax burden of high-tech enterprises are summarized.At the enterprise level,financial decision-making suggestions are proposed from the perspectives of financing,investment and ownership structure.At the government level,policy recommendations were made from the improvement of the tax incentive system and the strengthening of tax administration.