An Study On The Influencing Factors Of Income Tax Burden Of Real Estate Listed Companies

Enterprise income tax is one of the most important taxes in the country,and it is also an important source of national financial revenue.As an important engine of socialist economic construction and an important contributor to national financial revenue,real estate companies play an important role in the national economy.However,in recent years,housing prices continue to rise,the tax burden of real estate industry is too heavy,and the real estate market is easy to induce ecomomic bubbles.Under such a background,this paper studies the influencing factors of income tax burden of real estate listed companies,enriches the theoretical research of income tax burden of real estate companies,and is of great significance for the government to formulate tax policies,the healthy development of real estate industry,safeguarding and improving people s livelihood.Firstly,on the basis of literature review at home and abroad,this paper introduces the relevant concepts and theoretical basis,and puts forward the tax burden measurement method adopted in this paper.Secondly,it theoretically analyses the macro and micro factors affecting the income tax burden of real estate listed companies,puts forward research hypothesis,and selects 47 real estate listed companies as samples.The research hypothesis is validated by analysis,Housmann test and multiple regression.Finally,on the basis of empirical research,this paper chooses the representative BL real estate company as a case to analyse the impact of macro and micro factors on the income tax burden,and puts forward some suggestions to reduce the income tax burden.The study finds that:since the implementation of the new enterprise income tax law in 2008,enterprise income tax has become the second largest tax in the real estate industry,next only to the turnover tax.According to the annual report data from 2013 to 2017,the income tax burden of sample real estate companies shows a downward trend from 2013 to 2015,and the income tax burden of sample real estate companies shows an upward trend from 2016 to 2017 after the implementation of the 'replace business tax with value-added tax' reform.Tax law,profitability and growth ability significantly positively affect the income tax burden of real estate listed companies;financial leverage,company size and accounting information transparency significantly negatively affect the income tax burden of real estate listed companies;executive compensation,fixed assets concentration and company location have no significant impact on the income tax burden of real estate listed companies.Therefore,real estate companies should cultivate tax talents,use leverage financing,reasonablely arrange depreciation policy,improve executive incentives and make good use of scale effect;the government should strengthen supervision and management,improve the supporting measures of merger and acquisition,and improve the tax system reform system.