The Impact Of Corporate Tax Burden On The Performance Of Listed Companies In Construction Industry

As a pillar industry in China,the construction industry has the characteristics of frequent relocation of construction sites,more employment opportunities,long construction cycles,and more funds.Since the state-owned construction industry,it has been playing a huge role in the creation of China’s GDP.In recent years,various international cooperation models have been proposed,which provides a broader platform for the development of China’s construction industry,opens up a larger market for China’s construction industry,and promotes the development of the construction industry.As a country’s means of macroeconomic regulation and control,tax burden has had a significant impact on the development of the construction industry.Since the introduction of comprehensive "tax reform" and tax reduction policies,the tax burden of the construction industry has always been concerned,so it is necessary to research the tax burden of the construction industry.Firstly,the thesis divides the tax burden of construction enterprises into turnover tax burden and income tax burden,and analyzes the impact mechanism of turnover tax burden and income tax burden on construction company’s operating performance;Secondly,the thesis chooses 10 indicators which affect construction industry’s profitability,debt paying ability,operational ability,and development ability.By factor analysis,calculating the comprehensive business performance;Lastly,choosing the actual corporate tax burden,turnover tax burden and income tax burden as explanatory variables,and growth rate of fixed assets,the relative operating cost,enterprise size,net profit growth rate and bank borrowing rate as control variables.According to multiple regression,analyzing the relationship between the variables.Through the research,the following conclusions could be drawed: Firstly,the overall corporate tax burden is significantly negatively correlated with the performance of listed companies in the construction industry;Secondly,the corporate turnover tax burden is insignificantly positively correlated with the performance of listed companies in the construction industry Relationship;Thirdly,the corporate income tax burden has a significant negative correlation with the performance of listed companies in the construction industry.In view of the above conclusions,the paper finally puts forward some suggestions to optimize the tax burden of construction enterprises.