Research On Competitiveness Of Enterprise Tax Burden Based On American Tax Reform

The United States Tax Reduction and Employment Act,which Trump vigorously implemented and finally signed,has greatly reduced the tax burden of enterprises in the United States.This unilateral international tax competition in the United States will inevitably break the balance of the new type of tax cooperation formed by BEPS to a certain extent,and cause a new round of tax competition among countries for capital and other economic growth factors.Based on the above background,this paper draws a conclusion from the analysis of the international tax competition theory and the tax reduction theory of the supply school that in the face of the new situation of tax competition policy adopted by various countries and the urgent domestic demand for economic growth,China should take the initiative to improve the competitiveness of the tax system in the tax burden of enterprises and formulate tax preferential policies for enterprises.Then it analyses the situation that the tax burden of enterprises caused by the demand for public services,the ability of collection and management,and the rate of fiscal deficit in China is heavier than that in the United States and OECD countries.It also calculates the space for China to continue to implement tax reduction policies in the next few years in three aspects: deficit rate,the proportion of state-owned enterprises' profits and fiscal expenditure.Finally,from the point of view of risk and benefit,this paper chooses the international tax agreement,the patent box policy of technology investment and R&D expenditure as the emphases of tax reduction policy.In terms of international tax agreements,it is suggested to actively expand the scope of tax agreements including tax concession clauses between the two sides,reduce the conditions and hierarchical requirements of the indirect deduction law,and change the negotiating position of the agreements.In terms of technology investment and R&D expenditure,suggestions are made to expand the scope of determining high-tech enterprises,increase tax incentives for "output" of R&D investment for high-tech enterprises,sort out relevant laws and regulations,and promulgate targeted "patent box" tax policies.