An Analysis Of Corporate Impact On The Green Tax In China

Since the policy of reform and opening up happened,Chinese economy has made great success,but its cost is the deterioration of environment and the resources.This predatory economic development model will constrain the ability of economic development.In the meanwhile,the environmental governance is special due to its public attribute.To solve this,tax,as the compensation cost of public services is naturally applied to the environmental governance and economic development,and Green Tax arises.China’s Green Tax has undergone long-term development and reform.China has a strict green tax--environmental protection tax,and other taxes with green nature,like resource tax,consumption tax,as well as a series of green-oriented preferential tax policies.However,while realizing its environmental protection function,Green Tax is bound to have an impact on enterprise economy.Does Green Tax affect enterprise economic performance? How does it affect the production and operation of the enterprise? This is exactly the topic of this paper.This paper explains the meaning and scope of Green Tax in narrow and broad sense respectively by combing the previous studies,and then analyzes the economic impact of Geen Tax in detail.On the one hand,Green Tax makes the external costs internalization,and causes a direct impact on the production and operation of enterprises.On the other hand,the additional environmental protection costs force enterprises to carry out technological innovation and product structure adjustment,which produces indirect effects on enterprises.In order to verify the green tax’s influence on the enterprise economic effect,this article first to explore the narrow Green Tax with the sulfur dioxide discharge occurring during the period from 2007 to 2015.We select relevant data listed industrial enterprises,build DDD model,observe whether the increase of discharge is affecting sulfur dioxide emissions the economic performance of the enterprise,to analysis the narrow Green Tax economic effect and its influence mechanism.On this basis,the data of urban construction tax and resource tax of the above-mentioned enterprises are selected to build a multiple regression model,to study the influence of broad Green Tax on enterprise performance and its mechanism,and to form a mutually verified effect with the research of narrow green tax.Through theoretical and empirical studies,it is found that Green Tax has a inhibitory effect on the economic performance of enterprises,and meanwhile it canforce enterprises to improve their operation through technological innovation and industrial structure adjustment.Finally,according to the empirical results for the further optimization and improvement of China’s green tax recommendations.