Comprehensive Analysis Of The Tax Reduction Effect Of Replacing Business Tax With Value-added Tax On Cultural Industry

Cultural industry has always been regarded as the key field of national soft power competition in the 21 st century and the sunrise industry with the most investment prospects.High-quality development of cultural industry is a major theme proposed by General Secretary Xi Jinping at the national conference on publicity and ideological work in 2018.In this regard,the government has introduced a series of policies to support the development of the cultural industry,but the tax burden is too heavy,tax incentives and support policies are not perfect and other key factors restricting its development.And to " replacing business tax with VAT ",aims to solve the problems of the modern service industry double taxation,finally realizes the structural tax cuts and industrial transformation and upgrading of policy goals.Then,will the tax burden of cultural enterprises be effectively reduced after the comprehensive "replacing business tax with VAT" ? What are the changes of turnover tax burden,income tax burden and total tax burden?In order to comprehensively analyze comprehensive " replacing business tax with VAT " policy implementation of enterprise tax burden,this paper using the 211 listed companies from2009 to 2018 annual panel data,and build a RD regression model for empirical test.The study found that,in an average sense,the comprehensive "replacing business tax with VAT" policy significantly reduced the total tax burden and enterprise income tax burden of cultural enterprises,but had no significant effect on the turnover tax burden.However,for cultural enterprises with high intermediate investment and non-state-owned enterprises,the turnover tax burden was significantly reduced.The above conclusions provide a realistic basis for us to vigorously promote the high-quality development of cultural industry and comprehensively implement tax reduction and fee reduction.Finally,this paper puts forward feasible policy Suggestions and countermeasures from two different dimensions of government and enterprise.