| In recent years,my country’s new labor force has continued to rise,and college graduates are the main force in the new labor force.In 2016,the total number of college graduates in my country was 7.605 million.In 2019,it has risen to 8.224 million.The party and the national government have attached great importance to it.In recent years,the government has issued a series of policies to promote employment,and tax preferential policies are an important part.Tax incentives promote employment growth by reducing corporate tax burdens and encouraging companies to increase labor employment.But does the employment promotion effect of the preferential policies meet expectations?Are there differences in the employment promotion policy effects of enterprises of different industries,scales,and ownership?Based on this,this article attempts to explore the relationship between tax incentives enjoyed by enterprises and enterprise employment,and to provide empirical evidence for optimizing and implementing tax incentives that promote employment.This article first puts forward two basic hypotheses on the basis of theoretical analysis:(1)Enterprise tax incentives will have a positive effect on the employment growth rate of enterprises.(2)The impact of tax incentives may be related to the cash flow of enterprises,that is,the impact of tax incentives on employment growth is partly transmitted by affecting the cash flow of enterprises.And further use the financing constraints of the enterprise as an intermediary variable to construct an intermediary effect model to explore whether there is an intermediary effect between tax incentives and enterprise employment growth rates.The results show that there is a positive correlation between tax incentives and corporate employment growth rates.For every 1%increase in tax incentives enjoyed by enterprises,the employment growth rate will increase by 0.057%.At the same time,it is confirmed that there is an intermediary effect of financing constraints,and the promotion effect of tax incentives on corporate employment growth is partly produced by the impact on financing constraints(ie,cash flow).A further analysis of heterogeneity shows that:in terms of enterprise size and ownership,tax incentives have a more significant effect on the employment growth of small and medium-sized enterprises and private enterprises,on the contrary,the effect on large enterprises and state-owned enterprises is not significant;After distinguishing the factor intensity of enterprises,it is found that labor-intensive enterprises have a more obvious employment promotion effect than capital-intensive and technology-intensive enterprises.Finally,based on theoretical analysis and empirical research conclusions,this article proposes policies in terms of maintaining the continuity of preferential tax policies,improving the inclusiveness of tax reduction policies for innovative and entrepreneurial enterprises and small and micro enterprises,formulating differentiated policies,and establishing long-term tax incentive mechanisms.Suggest.The innovation of this article is proves from the theoretical level that the demand for corporate labor is affected by corporate taxation,invested capital and employee compensation,laying the foundation for subsequent research.In the research method,the mediation effect model is adopted to explore the ways in which tax incentives affect corporate employment;it is confirmed that tax incentives will affect the employment growth rate of enterprises through corporate cash flow,and provide empirical evidence for future policy optimization. |
