Research On The Effect Of Fiscal Revenue On Degenerate Value-added Tax Rates

Since the introduction of VAT in 1979,the pace of China's VAT reform has never stopped,specifically including the VAT transformation implemented in 2009,the comprehensive "business-to-tax increase" in 2016,and the "parallel tax reductions started in 2017 Negative " policy.For the first two VAT reforms that have occurred in China,scholars have done more research,but for the third "parallel tax reduction" reform,relatively little research has been done.And the existing literature is more about the overall effect of the nationwide VAT reform policy from a macro perspective,but taking into account the differences in the economic level,industrial structure and social environment of each region,even the same policy,There may be some differences in their implementation effects.Based on the above considerations,this paper uses the 2017 national input-output table to simulate the impact of VAT tax rate reduction on fiscal revenue by constructing an input-output model.The article is mainly divided into six parts.The first part is an introduction,covering the background of the topic selection,research significance,research content,research methods,and the contribution of this article.The second part is the literature review and related theories.The literature review is divided into two parts: domestic literature review,foreign literature review and literature review.Among them,the domestic literature is in accordance with the VAT transition,"increasing business reform" and "combining tax reduction and burden reduction"."Three reforms are carried out to summarize.Foreign literature mainly focuses on the design of VAT tax rates,VAT and fiscal revenue,and economic growth;related theories mainly include Laffer curve theory,tax neutral theory,and basic tax principles.The third part is the reason for the depreciation of VAT rate,mainly described in three parts: the history of VAT reform in China,the shortcomings of current VAT rate structure and the necessity of degenerating VAT rate structure.The fourth part is the input and output simulation analysis of the depreciation of the VAT tax rate,which mainly includes four parts: scheme design,model construction,fiscal revenue effect and optimal plan selection.First,by constructing the input-output model,the simulation study of different VAT tax rates The impact of the degeneracy scheme on fiscal revenue,it was found that the combination of tax rates with a small difference between the actual value of the national fiscal revenue and the simulated value are(13,6,3),(12,9,3)and(12,8,3)Three kinds,on this basis,combined with the characteristics of China's structural tax reduction,the optimal tax rate degeneracy plan is selected(13,6,3).The fifth part is the empirical analysis of the degeneration of VAT tax rate affecting local fiscal revenue,mainly including three parts: the simulation calculation of provincial fiscal revenue,variable selection and model construction,and empirical estimation and result analysis,that is,the fiscal revenue of various provinces and cities through simulation,Using the difference between the actual fiscal revenue and the simulated value as the dependent variable,selecting the corresponding independent variables,establishing an empirical model to study the VAT tax rate simplification and the impact on the local fiscal revenue.The research results show that the level of local economic development,opening The five factors of GDP,GDP of the tertiary industry,and social fixed asset investment all affect the fiscal revenue of each region.The sixth part is conclusions and recommendations.First,it summarizes the results of input-output simulation analysis and empirical analysis.Specifically,there is a significant positive correlation between changes in local fiscal revenue and the level of local economic development;the degree of openness to the outside world The change in fiscal revenue also shows a significant positive relationship;in addition,the depreciation of the value-added tax rate will also have a difference in the degree of impact on the fiscal revenue of the provinces due to the difference between the industrial production value and the tertiary industry gross value of each region;Finally,the value-added tax The simplified tax rate has a positive correlation with the impact of local fiscal revenue and local social fixed asset investment.On this basis,put forward relevant suggestions.