The Research On The Policy Effect Of The VAT Replacing The Business Tax In Construction Industry

The reform program to replace the business tax with a value-added tax,as a major part of financial restructuring in China,is an important measure to facilitate the supply-side structural reform and accelerate the comprehensively deepening reform.May 1,2016,the entire industry implemented "replacing business tax with VAT".As the pillar industry of the national economy,the construction industry not only plays a more and more important role in the national economy,but also has become an important driving force for economic development.By studying the construction industry policy effect in the implementation process of "replacing business tax with VAT",on the one hand,it is conducive to analyze the implementation effect of the policy,find out the problems found in the implementation process,improve the VAT tax policy,and create a fair tax environment.On the other hand,it will also help the construction industry to reduce the tax burden and avoid tax risks,and speed up the development and structural transformation of the construction industry.At present,"replacing business tax with VAT" in the construction industry in China has been more than two years.By using input-output table and the micro data of listed companies,this paper studies the policy effect of "replacing business tax with value-added tax" in the construction industry from two aspects of tax reduction effect and industrial ripple effect.The paper finds that in terms of reducing tax burden,construction industry has achieved a smooth transition of reform.Although some enterprises have increased tax burden instead of lowering it,the overall effect of tax reduction is obvious.In terms of industrial ripple effect,"replacing business tax with value-added tax" in the construction industry in China not only reduces the tax burden of the construction industry itself,but also reduces the tax burden of downstream industries to some extent.This paper is divided into five parts.The first part mainly introduces the writing background and significance of this article,domestic and foreign research literature review,writing ideas and research methods of this article,the innovation and deficiencies in this paper.The second part starts from the basic theory of "replacing business tax with value-added tax" in the construction industry in China,clarifies the theoretical basis and policy objectives of "replacing business tax with value-added tax",and elaborates the policy objective of "replacing business tax with VAT" in the construction industry based on the characteristics of the construction industry.And the selection of effect evaluation of "replacing business tax with VAT" in construction industry and the basis of establishing effect evaluation system of"replacing business tax with VAT" in construction industry are expounded.The third part calculates the tax reduction effect of "replacing business tax with VAT" in the construction industry.Based on the data in the annual reports of listed companies from 2014 to 2017,multivariate regression analysis was used to roughly calculate the changes in tax burden before and after the reform of business tax to VAT in listed companies,and the results were analyzed.The fourth part mainly calculates the industrial influence effect of "replacing business tax with VAT" in the construction industry by calculating the industrial correlation degree.Multivariate regression analysis was used to explain the relationship between the industrial correlation coefficient and the reduction of tax burden in the downstream industry of construction industry,and the results were analyzed.The fifth part mainly analyzes the possible reasons for the rise of tax burden of some construction enterprises,and puts forward some suggestions from the aspects of policy improvement and enterprise coping strategies,providing certain reference for the research 'of "replacing business tax with VAT" in China's construction industry.