Corporate Life Cycle And Tax Avoidance

Corporate tax avoidance has always been the focus of tax research.The extent of tax avoidance reflects the internal governance of the enterprise to a certain extent,and it is also closely related to the country's tax revenue.This article examines the relationship between equity concentration and corporate tax avoidance from the perspective of corporate growth and development,attempts to explore how equity concentration affects corporate tax avoidance in different stages of the corporate life cycle,and explains corporate tax avoidance from the perspective of corporate growth and development.Behavior,enriching existing literature.The research in this article can not only expand the research on the relationship between equity concentration and corporate tax avoidance,but also make efforts to better understand the heterogeneity of tax avoidance behaviors in the process of corporate growth.In addition,this also provides useful help for tax authorities to better implement tax collection and management activities.Due to the different tax avoidance levels of enterprises in different life cycle stages,tax authorities can carry out This paper uses the annual report data of A-share listed companies to construct an empirical regression model.On this basis,this article first tests the relationship between equity concentration and corporate tax avoidance.The results of empirical analysis show that the higher the concentration of equity,the more severe the tax avoidance of the enterprise.Further,based on the division of the enterprise life cycle,the empirical analysis method was used to test the heterogeneity of the tax avoidance of enterprises in different development stages.The tax avoidance of enterprises in the growth stage is higher,while the tax avoidance of enterprises in the recession period is higher.To a lesser extent.After adding the interaction term of life cycle and equity concentration in the model,the regression analysis was performed again.The results show that under the condition of high equity concentration,the life cycle of the company can alleviate the tax avoidance of the company to a certain extent,and it is in a recession period.Of enterprises with higher equity concentration still have a higher level of tax compliance,but their growth tax compliance is lower,although they have eased,they still tend to avoid taxation.In the robustness test,this article uses three methods.The first is the measurement of equity concentration.This article uses three indicators to better describe the situation of corporate equity concentration.In the division of the enterprise life cycle,due to the existence of There are many different methods and different studies may be different,but they are mainly divided into two categories: financial indicator method and cash flow indicator method.In this paper,the cash flow method is used to re-divide the sample during the robustness test.The model in this paper performs regression and the results are still robust.In addition,a sub-sample test is performed in this paper,and the conclusions are consistent.