The Empirical Research Of Corporate Income Tax Burden Of Companies Listed On GEM

For a long time, SMEs has been the cornerstone of China’s economicdevelopment. Especially after the reforming and opening up, China’s SMEs developedrapidly, has made remarkable achievements. They have become the main driving forceto promote China’s economic development. However, according to the survey, morethan66percents of SMEs in China have the problem of financing. Financialbottlenecks become a major obstacle to hinder the development of SMEs in China. In2009, to crack the difficult problems of SME financing in China, the birth of ChinaGEM is a timely rain, undoubtedly. In addition, it has made an important contributionfor our country to establish and perfect the multi-layer capital market system. GEMcan strengthen a number of scientific and technological enterprises, and directlycontributing to the achieving of the innovative country strategies. To this end, thecompetent departments or local governments are bound to give a lot of policy to takecare of the companies listed on GEM. Income tax benefits is one of the most importantpreferential policies.In this context, what about the actual income tax burden of companies listed onGEM? What factors are influencing and constraining it? Do the factors that affect theeffective income tax burden of companies listed on GEM affect the small plates in thesame way? When the specific enterprise variables unchanged, are there largedifferences in income tax rates between enterprises at different plate? The study ofthese issues and some policy recommendations constitute the basic framework of thisthesis.This article is divided into five parts. The first part explained the background ofthe study firstly, and discussed the significance of this study on this basis. Followed,domestic and foreign literatures about income tax burden were reviewed, the contentsof the article were showing. Finally, the main innovation of this paper was accountedand descriped. The second part introduced the meaning of the corporate income tax burdeninvolved firstly, and defined the concepts of the nominal and the actual income taxburden. Then, it showed some factors which affecting actual income tax burden fromthe macro and micro aspects.The third part carried out the specific research hypotheses for the empiricalresearch which would be doing in this article. It explained the study sample and datasources, described the specific research methods, and cleared the specific variables andeconometric models.The fourth part, sample of small and medium GEM board listed company data,used the SPSS18.0statistical software, did the empirical study on the accrual incometax rate for Chinese companies listed on GEM.On the basis of summing up the main conclusions of this paper, the fifth partproposed some relevant policy recommendations, and showed the inadequacies of thisstudy.