Research On Tax Risk Of Automobile Manufacturing

Due to China's economic development,the acceleration of socialization and the improvement of tax laws,the tax environment of enterprises is getting worse and worse.Incomplete understanding or inaccurate interpretation of tax legal system may cause the company to suffer economic losses and incalculable reputation losses.Therefore,it is important to study the tax risks of enterprises.In recent years,the automobile industry has rapidly developed into a pillar industry in China.The automobile industry has great links with other industries and has a great role in driving the economy.This article takes the data of 124 listed automobile manufacturing industries from 2015 to 2018 as the research object.Study on Tax Risk of Automobile Manufacturing Industry by Combining Theory and Empirical Method.Based on the basic theory of corporate tax risk,this paper constructs tax risk related indicators and studies the tax risk of the automobile manufacturing industry.First of all,the assessment results of the main types of VAT and income tax risks show that automobile manufacturing enterprises face different VAT tax risks and large corporate income tax risks.The tax risks of automobile manufacturing industry in five major regions shows that Regional tax risks are uneven.Then,this paper uses regression and principal component analysis to study the image factors of corporate tax risk.The results showed that corporate value-added tax,income tax burden,fixed asset change rate,and asset size were positively related to tax risk.The debt ratio,total asset turnover ratio and return on net assets are negatively related to tax risk.Finally,on the basis of empirical and theoretical analysis,this article puts forward suggestions for improving the tax risk management of the automobile manufacturing industry from three aspects,including the management of major tax types,improving the internal control environment and other supporting measures.These suggestions provide a reference for tax risk management in the automotive industry.