| This article analyzes how the level of corporate governance affects the degree of tax planning of a company from the perspective of costs and benefits,and how the level of corporate governance will affect the degree of tax avoidance of a company under different natures of corporate property rights.The improvement of corporate governance can enable shareholders to strengthen supervision of management and increase the cost of management to maximize their own benefits through tax planning and other means.Therefore,the company’s financial transparency will be improved and it will be more conducive to the supervision of external governance institutions.The level of corporate governance will have a certain inhibitory effect on the management’s tax planning behavior,and further studies the impact of corporate governance on the degree of tax planning in the context of companies with different property rights.More significant.This article selects the data of listed companies that meet the standards from2015 to 2018.Through empirical research,it is found that:(1)the level of corporate governance has a significant inhibitory effect on the degree of corporate tax planning.(2)The level of corporate governance has a significant inhibitory effect on the extent of corporate tax planning.(3)The level of corporate governance of state-owned enterprises has no significant effect on tax planning,while the level of corporate governance of private enterprises has a significant inhibitory effect on tax planning.Finally,based on the mechanism and research results of corporate governance’s impact on after-tax planning,this article puts forward some suggestions for the company itself and the outside of the company,respectively.This paper believes that enterprises should establish a reasonable,legal and scientific concept of tax planning,further improve the corporate governance mechanism,and also propose suggestions for optimizing the shareholding structure to introduce institutional investors for different situations of state-owned enterprises.Environment,put forward scientific guidance for enterprises to reduce tax burden and strengthen tax planning. |
