Research On The Influence Of Income Tax Burden On Donation Behavior Of Chinese Enterprises ——empirical Analysis Based On The Data Of A-share Listed Companies

The improvement of the social governance system of CO governance and sharing is one of the important links to promote the modernization of national governance system.As an important part of social co governance,improving the system of charitable donation is of great significance to the development of social governance model.Since the reform and opening up,social organizations have been growing,and governments at all levels have issued various incentive policies and management regulations.Social vitality has been constantly stimulated,and charitable donations have been increasing.The total amount of charitable donations has gradually increased,and the overall development of philanthropy is getting better.However,the management of charity is not standardized,and the matching degree between the current policy and the development stage of charity is not high.In order to strengthen the standardization and sustainability of China’s charitable donation,the government should strengthen policy guidance,integrate resources,standardize the system,and form a more mature and complete system.Corporate philanthropy is the development direction of China’s philanthropy,which has witnessed the start and development of China’s philanthropy.It has important historical significance for the formation of China’s charity environment,and its future development trend affects the development prospects of China’s charity.This paper takes tax policy as the starting point,based on the financial statements of A-share listed companies from 2008 to 2018 and the relevant charity report data published by the government departments,this paper makes a research on the influence of income tax burden on corporate charitable donation behavior.In recent years,official data show that corporate philanthropy has made an important contribution to the development of philanthropy in China,and local enterprises are the main force of charitable donation.As one of the indicators that affect the level of net profit of enterprises,the burden of enterprise income tax affects the expectation of enterprise development,which is concerned by the enterprise management and affects the decision-making of enterprise management.As an important fiscal policy of national macro-control,tax policy can play a role in regulating the material interests of the main body of the market economy,and profoundly affect the behavior of enterprises.This paper will start from the tax policy,take the income tax burden as the main explanatory variables,and take the net profit,sales expenses and asset liability ratio as the control variables to study the relationship between corporate income tax burden and charitable donation behavior.This paper will study the relationship between income tax burden and corporate donation from both theoretical and empirical aspects.First of all,this paper expounds the relevant theories of tax incentives,analyzes the factors affecting charitable donations and the theoretical basis of the impact of tax policies on corporate donation behavior,and combs the current development of tax policies on charitable donations and related problems.Secondly,through the theoretical analysis and mechanism research,combined with the existing theoretical results of domestic and foreign scholars,combined with the development status of China’s charity donation,put forward the corresponding theoretical assumptions.Finally,through the collection,collation and induction of financial statements of listed companies,this paper establishes a measurement model to test the hypothesis.According to the empirical analysis,this paper obtains the following empirical results:There is a positive correlation between corporate donation and income tax burden.The empirical results show that corporate charitable donation expenditure is significantly positively correlated with corporate income tax rate,corporate net profit and corporate sales expenses;corporate charitable donation expenditure is significantly negatively correlated with state-owned enterprises,but not with non-state-owned enterprises.Based on the research conclusions,the following policy optimization suggestions are put forwardWe should give full play to the guiding role of tax policy to promote the healthy development of philanthropy,improve the tax system of charitable donation,improve the stability of policy,expand the scope of the recipient,optimize the application process of tax preferential policies,and improve the diversity of tax preferences.