The Influence Of Enterprise Tax Preferential Policy On Charitable Donation

The 14th Five-year Plan calls for "giving play to the role of the third distribution,developing charities and improving the distribution pattern of income and wealth",and the sixth Plenary Session of the 19 th CPC Central Committee calls for "promoting common prosperity",all of which reflect the determination of the state to narrow the gap between the rich and the poor.China’s philanthropy is entering a new stage of development.Corporate charitable donation is an important part of social donation.With the development of economy,corporate charitable donation plays an increasingly prominent role in adjusting the distribution pattern of social income and promoting the harmonious development of society.People are paying more and more attention to corporate social responsibility and corporate charitable donation,which is the primary way for enterprises to undertake social responsibility.Enterprises are expected to undertake more responsibilities for society through charitable donation in addition to the requirements of government and law.So what are the factors that motivate and motivate Chinese enterprises to actively undertake social responsibilities through public welfare charitable donations? Therefore,it is necessary to study the impact of corporate tax incentives on charitable donation.Firstly,this thesis introduces the relevant concepts and theories,including the definition of charitable donation and tax preference,cost and benefit theory,competitive advantage theory,resource dependence theory and other relevant theories.By defining the concept and combing the theory,the relevant content and understanding of the thesis can have a better guarantee.In addition,also analyzed the influence mechanism of the income tax preferential policies to promote enterprise donation,and by building a profit maximization model,the utility maximization model,the analysis in the idealistic state enterprises expenditure proportion of charitable donation and the donation yield is proportional to the,introduced after deducting proportion,the proportion of corporate philanthropy spending increase,and deduct the percentage is higher,The higher the proportion of corporate charitable donation expenditure,the theoretical basis for the empirical study in the following thesis is provided.Based on the above related concepts and theoretical policies,hypotheses are proposed.Secondly,this thesis introduces the status quo of charitable donations in China.Through sorting out,it is found that enterprises are the main body of charitable donations in China,and the donation amount of listed companies is the most important part of charitable donations,which provides a realistic basis for empirical research on charitable donations of listed companies in this thesis.In the follow-up,the thesis points out the existing problems of China’s current enterprise donation income tax preferential policies by sorting out the status quo and combining with the actual situation of China,as a starting point for subsequent theoretical research and analysis.Thirdly,this thesis selects the a-share listed enterprises with charitable donation behavior from 2010 to 2019 as samples,and concludes through regression analysis that there is A significant positive correlation between tax incentives and donation expenditure.In 2017,the tax deductible policy promoted corporate charitable giving;The increase of tax incentives has a more obvious effect on the donation behavior of non-state-owned enterprises than state-owned enterprises.The empirical results show that,under the established tax system,tax authorities should not only stimulate charitable donation through tax incentives,but also introduce targeted policies for the heterogeneity of enterprises,so as to maximize the effectiveness of tax incentives.Policy recommendations on the above analysis will follow.Finally,combined with the existing problems of the above preferential tax policies for Chinese enterprises and the results of empirical analysis based on the data,this thesis puts forward some suggestions from two aspects: improving the policy system and improving the tax management.At the level of improving the policy system:(1)improve the preferential policies related to corporate income tax charity;(2)Improve other tax related policies;(3)Improve the evaluation system of non monetary donations;At the level of strengthening tax management:(1)strengthen supervision;(2)Simplify the application process;(3)Strengthen policy publicity.