The Research On The Effect Of Tax Burden On Listed Expressway Enterprise’s Operating Performance

The highway industry has ushered in a decade of rapid growth in the context of the country’s increased infrastructure investment since the financial crisis in 2008.The expressway industry has promoted the material circulation of China’s industrial economy and the development of the domestic economy.With the changes in the domestic economic development stage and the reduction of infrastructure investment,some of the early high-speed highways will be handed over to the government in the next decade,and the operational risks of expressway enterprises will surge.Studying the impact of highway enterprises’ tax burden on business performance is of great significance to the highway industry and the sustainable development of the economy.Firstly,the thesis introduces the theoretical concepts of tax burden and business performance and analyzes the impact of the tax burden on business performance by combining tax shitfing theory.Then,it analyzes the tax burden and business performance changes of the industry in recent years combining with the characteristics of expressway enterprises.It make reasonable assumptions on the basis and analyze the relationship between tax burden and the performance of expressway enterprises through multiple regression methods.Through the above research,the following conclusions can be drawn: First,the tax burden of highway enterprises is relatively small.The overall tax burden is higher than it should be,and the tax burden structure is not balanced.Second,the income tax burden level of the expressway industry has a negative correlation with its operating performance and the turnover tax burden has no significant relationship with its operating performance.The conclusions reflect the impact of the current unreasonable tax burden of expressway enterprises on the future operation status of expressway enterprises.Considering the characteristics of the tight connection between the expressway industry and the macro-economy,it proposes taxdisaggregated and targeted tax reduction proposals.