Research On The Impact Of Resource Tax On Enterprise Competitiveness

The resource tax reform of 2016 involves two measures for the mineral resource tax,which are the ad valorem resource tax and the clearing fee fund.Taking iron ore as an example,the price of iron ore will inevitably fluctuate after the resource tax reform.From the perspective of the entire steel industry chain,it is difficult for China's steel companies to pass the tax burden on consumers,while the upstream industry has a strong tax transfer ability.It may affect the competitiveness of China's steel companies.Based on this background,this paper studies the impact of resource tax reform on the competitiveness of China's steel companies.This paper divides the competitiveness level of China's steel enterprises into two aspects:explicit competitiveness and potential competitiveness.Among them,explicit competitiveness includes scale indicators,efficiency indicators,development indicators and environmental factors;potential competitiveness includes operational strength indicators,solvency indicators,employee quality and research indicators.Through the model,the transmission mechanism of resource tax to the above indicators is constructed,and the direct and indirect effects are analyzed.In this resource tax reform,the tax rate for iron ore is 1%-6%.Each province,city and autonomous region proposes a specific applicable tax rate within the tax rate range,and may also reduce the number of eligible enterprises.In order to further study the impact of steel companies'competitiveness under different tax rates,this paper framed a resource CGE model,establishes macro and micro social accounting matrix based on the extended table of China's input-output table.Through GAMS software simulation,we observed the impact on macroeconomics and corporate competitiveness when the iron ore resource tax rate increased from 1%to 5%.The results show that when the resource tax rate increases from 1%to 5%.the output of all sectors of the country,household consumption and exports have declined to varying degrees,which has a positive effect on imports and investment.At the same time,it is found that the resource tax rate and the competitiveness of steel companies is negatively correlated.According to the simulation results,the recommendations for China's steel companies include:seeking a reasonable scale economy;adopting a supply chain management model,improving enterprise efficiency;improving the fund management system,optimizing the company's operational strength;rationally assessing the company's funding level,and clarifying the company's solvency;establish an ecological economic development model,reduce the environmental costs of enterprises.