Research On The Impact Of Tax Reform On The Performance Of Listed Companies Of China’s Coal

The main purpose of this study is the analysis of the major reform of the tax systemin recent years brought changes to the performance of coal listed companies. and effectsand empirical results for its impact on coal listed companies in tax reform environmentrecommendations to improve company performance. The method of the essay is corporatethe normative and empirical research, quantitative and qualitative analysis. The studysamples are coal listed companies from2007to2011. The statistical software for analysisis Eviews6.0.At first, based on the analysis of the research status of the tax reform and theperformance of coal listed companies, this article elaborated the theory of tax reform andcorporate performance, and discussed the mechanism of tax reform affect the company’sperformance.Second, this study analyzed the tax system coal of listed companies and the generalsituation of the company’s performance. Respectively, from the overall situation of China’scoal industry, the tax system of China’s coal industry and the coal industry in China ListedCompanies Performance of the three aspects, elaborated China’s coal industry, the taxsystem and the performance of the current situation.Thirdly, this study theoretical analyzed the impact of tax reform on the performanceof coal listed companies. And the performance of coal listed companies as the dependentvariable, constructed a hybrid model of panel data, to utilize Eviews6.0software modelMultiple linear regression analysis, obtained four significant variables through empiricaltesting: the effective tax rate for value-added tax, cash flow from operating activities pershare, asset-liability ratio and Total assets.Finally, according to the analysis of the effect and the empirical results, proposedrecommendations to improve the company’s performance under the tax reform: VAT taxplanning in corporate procurement and sales, rational use of the VAT tax preferentialpolicies, the establishment of the enterprise income tax planning, rational use of incometax incentives, correctly handle the resource tax and coal companies dimensional Jane fees and security costs.