Nominal Tax Rate Rising,actual Tax Burden And Enterprise Development

Taxation is not only an important means for the country to obtain financial revenue,but also an important policy tool for the country to carry out macro-control.In the tax policy,the adjustment of nominal tax rate is undoubtedly a very important one.However,the current studies on nominal tax rate adjustment are mostly carried out from the perspective of nominal tax rate decline,and there is no in-depth study of the impact of nominal tax rate rise on enterprises.This paper starts from the actual tax rate and enterprise development,focusing on the impact of nominal tax rate rise on enterprises.Based on the background of enterprise income tax reform in 2008,this paper uses the data of listed companies from 2006 to 2012 to study the impact of nominal tax rate rise.The main research object is the enterprises that implement the transitional tax rate after the tax policy reform in 2008.In this paper,we use the double difference method to study the enterprises whose tax rates are rising.The main contents are divided into two parts.The first part is the impact of nominal tax rates on the actual tax rates of enterprises,and the second part is the impact of nominal tax rates on the development of enterprises.The study found that the rise in nominal tax rate will significantly increase the actual tax burden of enterprises,and the rise is heterogeneous.On the macro level,the proportion of corporate income tax revenue to fiscal revenue,fiscal pressure and policy uncertainty have an impact on the actual tax burden of enterprises,and GDP per capital and government size will not have a significant impact on the actual tax burden of enterprises.At the micro level,the asset-liability ratio and operating performance have an impact on the actual tax burden of enterprises.The industry classification,the nature of enterprises and the scale of enterprises will not have a significant impact on the actual tax burden of enterprises.At the same time,the research on the development of enterprises finds that the rise of nominal tax rate will not have a significant negative impact on the return on assets of enterprises,and there is no significant heterogeneity in this impact,while the impact on the growth rate of income will vary with the size of enterprises.The growth rate of income of large-scale enterprises will decrease significantly after the rise of nominal tax rate.According to the conclusion,this paper has following suggestions:(1)Increasing the tax policy of tax rate change except income tax;(2)Improving the tax collection and control system;(3)Increasing the propaganda of tax knowledge.This paper provides some reference for the policy of nominal tax rate changes.