Empirical Study On Influence Factors Upon The Actual Tax Burden Of Listed Companies

Enterprise tax burden is one of the important parts of tax theory and system. Taxhas the macroeconomic impact of the national fiscal revenue, and determines theenterprise bear the burden of size. Fair and reasonable tax burden ratio, can guaranteethe need of national finance income to provide public services and promote a fair andeffective economic environment to promote enterprise on the path of benigndevelopment. In recent years, the tax system in our country’s reform, development andimprovement. This article will research actual tax burden of enterprise and factors thataffect the actual tax burden in such circumstances. This article selects listed companiesin stock markets of Shanghai and Shenzhen in2005-2012as research samples, usingdescriptive analysis and multiple linear regression analysis to depict actual tax basicsituation of listed companies, and research the influencing factors of effective tax rate oflisted companies.Through the descriptive statistics, the author found that: the overall effective taxrate of the listed company is less than average nominal rates. State-owned listedcompany’s average effective tax rate is higher than nature of non-state-owned listedcompanies. The eastern region of the listed company corporate average effective tax rateis highest, the central region, the western region. The eastern region of the listedcompany corporate average effective tax rate is highest, the central region enterprisesaverage effective tax rate and higher than that of the western region the averageeffective tax rate. In addition, with the passage of time, the effective tax rate of listedcompanies in decline year by year, the region also in gradually reduce effective tax ratedifferences.Through multiple linear regression analysis, the author gets the followingconclusion: the effective tax rate and the actual control of listed company backgroundare significant positive correlation. Effective tax rate of listed companies and theproportion of state-owned shares are significant positive correlation. Effective tax rateand executives’ shareholding of non-state-owned listed companies are significantlynegative correlation. Effective tax rate and executives’ shareholding of the state-ownedlisted companies are no significant correlation, but the coefficient is negative. Strengthof tax collection and the effective tax rate of listed companies are significant positivecorrelation. Compared with the state-owned listed companies, the tax collection and management strength of non-state-owned listed companies is greater.In addition, in terms of enterprise the basic characteristics, effective tax rate andthe return on assets non-state-owned listed companies are significant positivecorrelation. State-owned listed companies’ effective tax rate and the return on assets aresignificantly negative correlation. Effective tax rate and the asset-liability ratio of listedcompanies are significantly negative correlation. Effective tax rate fixed asset ratio oflisted companies are significantly negative correlation, tax shield effect is obvious.Effective tax rate of listed companies and the natural logarithm of total assets aresignificant positive correlation.