Research On Corporate Income Tax Policy To Promote Charitable Donations In China

In recent years,with the reform of corporate income tax and the formal implementation of the "Charity Law",my country's philanthropy has flourished.Charitable donations centered on the third allocation of resources,narrowed the gap between the rich and the poor in society,effectively made up for market failures,followed ethical principles,promoted the development of various social undertakings,and made great contributions to the country's economic development.Philanthropy is playing an increasingly important role in social development.Studying my country's preferential tax policies for charitable donations can further improve the tax incentive system,stimulate corporate enthusiasm for donations,and build a harmonious society.When making charitable donations,different companies have different motives,such as social responsibility,profit maximization,altruism,etc.,which prompt companies to make donation decisions.At the same time,due to the positive externalities of donations,tax leverage,etc.,the government has introduced various tax policies to encourage enterprises to donate,and uses theoretical models to study the impact of tax policies on charitable donations from long-term and short-term situations,regardless of corporate pursuits.Profit is still utility,and the pre-tax deduction ratio will affect the donation expenditure of the enterprise,but the corporate income tax does not affect the donation expenditure of the enterprise seeking short-term profit maximization.my country's philanthropy continues to develop.The corporate income tax preferential policy for charitable donations has gone through the policy establishment stage,the development stage and the standardization stage.It has been continuously improved in terms of tax preference and tax management.However,the tax incentive system is not yet a system and there is still a legal system Issues such as lagging construction,insufficient tax incentives,and inadequate charity management have yet to be resolved.Use the data of listed companies to verify and analyze the incentive effect of corporate income tax policies on charitable donations from the perspective of income effects.Although income tax preferential policies can encourage corporate charitable donations,the corporate donation enthusiasm is not strong enough,and carryover is deducted.Shorter years are not conducive to the behavior of charitable donations by enterprises with lower management.It is necessary to further increase tax incentives to encourage enterprises to donate.Based on the above analysis,my country's corporate income tax policy for charitable donations can be further improved from the following aspects,speed up the establishment of taxation regulations for charitable donations,expand the incentive effect of charitable donations income tax,diversify the forms of pre-tax deductions for donations,promote charity culture,etc.,To further promote the vigorous development of philanthropy in our country.