| Since the tax distribution system reform in the year 1994,the issue about tax autonomy of local government has existed in the practice of local economy and tax.In 2014,the State Council issued<Circular of the State Council on Cleaning up and Standardizing Preferential Policies on Tax and Other Aspects>(Circular No.62),asking local government to clean up and standardize their local preferential policies on tax and other aspects.Among all the local tax preferential policies,tax return has taken a significant position.With the issuing of Circular No.62,the problem was pushed to the focus of public opinion once again.Then,Circular No.62 made some adjustment about the cleaning up action.This was interpreted as that the local tax preferential policies,including tax return policies,are complex and diversified,and need to be solved fundamentally.For the enterprises,tax return has the effect of supplementing the cash flow,improving operational efficiency and competitiveness.For the government,tax return is not only an important method to show the country’s support and encouragement for related industries,also local government’s tool to attract investment and benefit local economy.Good tax return policy could promote economic development,adjust the industrial structure and improve enterprise’s competitiveness,while nonstandard tax return policy could damage tax fairness and public credit,even harm the socialist market economic system.Therefore,for a researcher of tax field,tax return could be a good topic with great research value.Our paper explained the literature of predecessors and sorted the tax return policies since tax distribution system reform.Firstly,we established a basic framework about how enterprises got tax return and what kind of tax returns had they got.We divided tax return into two parts,which are institutional and non-institutional tax return.We made deep analysis about the influence factor and action mechanism,and proposed a more complete model.Then our paper used logit model and short panel random effect model,studied the factor influencing whether enterprise could gain tax return or not,and the factor influencing how much an enterprise could get from tax return through bargaining with the government.Based on the result from theoretical part,we build our expectation about the factors’ direction.And we got the result of empirical analysis.The outcome shows that factors like ownership,tax burden,current profit of the enterprise,as well as government’s financial level have significant influence on the tax return.This paper combined the theoretical and empirical analysis,through the way of ’problem-reason-countermeasure’,offered suggestions from the perspective of legislation,building concept and information disclosure for the government,and offered suggestions from the perspective of operation and tax for the enterprises.At the end of this paper,we concluded the limitations of this paper and also future research direction,aimed to provide convenience for the followers’ research. |
