An Empirical Study On The Influence Of Tax Peolicy On The Development Ability Of Enterprises

According to the report of the 19th Party Congress of China,the economy of China has changed from pursuing high-speed growth to the stage of pursuing high-quality development,and China is in the critical period of transforming its development mode and driving force and promoting the optimization and upgrading of its economic structure.The report points out that in the context of China's economic development entering the new normal and the pursuit of economic growth rate also lies in the improvement of the quality of economic development,we are facing challenges such as the upgrading of industrial structure and the transformation of growth momentum.In such a critical period,it is particularly important to improve the development ability of enteprises,and one of the key factors affecting the development ability of enterprises is its tax burden level.As one of the firm's rigid expenditure,the tax burden directly affects the production cost,then the disposable income of the firm,and finally the development ability of the firm.In order to reduce the tax burden of enterprises,the state has launched a series of tax policies,including tax return,the policy of"replacing business tax with value-added tax" and the tax preference of enterprise income tax.It is necessary to analyze the impact of tax policies on the development ability of enterprises.The development ability of an enterprise is the manifestation of the externalization of its comprehensive strength,while the tax policy affects the development ability of an enterprise by affecting its tax burden.Value added tax and enterprise income tax are the two main parts of the overall tax burden of enterprises,so the impact of the interaction of the two taxes on the development capacity may also exist regional and industrial differences.In this context,this paper combines theory and practice to analyze the mechanism of China's tax policy and enterprise development capability,and uses the data of Shanghai and Shenzhen A-share listed companies in 2008-2018 to draw basic conclusions from the overall sample test to the structural test by region and industry.This paper holds that a series of tax policies implemented by enterprises can improve the development ability of enterprises on the whole,but there are differences in the implementation effect between the policies,that is,there are differences in the impact of tax policies on the development ability of enterprises in the eastern,central and western regions,as well as differences in the impact on the development ability of manufacturing and non-manufacturing enterprises.Based on the research results,this paper believes that we should further reduce the tax burden of enterprises,further improve the system of corporate income tax preference and tax return,and take into account regional differences and industry characteristics when formulating tax policies.