| Since 2017,China VAT rate has been lowered year by year,but there are obvious differences in the sense of tax reduction among different companies.Then,how should the tax reduction effect of the VAT reduction rate be measured objectively and comprehensively?What is the reason for the difference in the sense of tax reduction?First,this article believes that based on the transferability of VAT,assessing the effect of tax reduction should not be limited to the corporate VAT burden in the financial sense,but should also consider the impact on corporate performance.Secondly,the complexity of VAT deductions and price games between enterprises will make the policy benefits of tax reductions redistribute among enterprises,which results in differences in the sense of tax reduction for enterprises.Therefore,this article takes the industrial interconnection and bargaining power as the research perspective,uses the A-share data,and builds the industrial interconnection index based on the input-output table to measure the reduction of the company’s deductible input tax,and based on the company’s bargaining power.Grouping,assuming a certain decline in the output tax rate of enterprise VAT,from the perspective of input tax and cost,the impact of tax cuts on the VAT burden and performance of enterprises is tested.The following conclusions are drawn:when the bargaining power of a company is constant,the higher the industrial interconnection between the company and suppliers,the less input tax the company can receive,the smaller the decline in corporate tax burden,and the smaller the business operation the greater the decline in performance.When the degree of industrial interconnection of enterprises is certain,the stronger the bargaining power of the enterprise,the more benefits the enterprise can obtain from the tax reduction dividend through price negotiation,the lower the input tax that can be obtained due to the lower cost,and the lower the corporate tax burden.The smaller the degree,the smaller the decline in business performance. |
