Analysis Of The Impact Of Private Enterprises' Tax Burdens On Enterprise Growth

Private enterprises are an important part of the modern national economy,providing an important impetus for the sustained and rapid development of the economy,and have made significant contributions to the improvement of people's livelihood and social progress.In the case of private enterprises occupying a very important position in the development of China's economy,the research on the growth of private enterprises is of great significance.At present,China is in a period of economic downturn,and private enterprises are more sensitive to the pressure of tax burden.However,due to China's relatively complicated tax system,the impact of different types of taxes on corporate growth will be different.This article uses factor analysis to obtain evaluation indicators to measure the growth of enterprises.Based on the theoretical analysis of the impact mechanism,the data of private listed companies is used to empirically explore the impact of corporate tax burden on corporate growth.In terms of theoretical research,this article mainly demonstrates the impact mechanism of the tax burden of private enterprises on corporate growth from three perspectives of corporate investment,corporate financing,and corporate innovation,and then analyzes the differences between turnover tax and income tax on the growth of private enterprises.Finally,the heterogeneous impact of the distribution area,asset size,and industry type of private enterprises is explored.In terms of empirical research,this article uses the private companies listed on the A-shares in China from 2011 to 2018 as a sample to empirically test the impact of private companies' tax burden on corporate growth.The conclusions drawn include:(1)From the overall tax burden of the enterprise From the perspective of private enterprises,the heavier the tax burden of private enterprises,the worse the level of corporate growth;(2)From the perspective of income tax,the higher the corporate income tax burden,the worse the corporate growth level;(3)From the perspective of turnover tax burden,in general,the turnover tax burden of private enterprises does not have a significant impact on the growth of the company;(4)The corporate tax burden has different effects on private enterprises in different regions,different asset sizes and different industries,and has a different impact on the eastern region.Regional,large-scale private enterprises,the turnover tax burden has a significant impact on the growth of enterprises,while in the central and western regions,private enterprises with smaller assets and industrial sectors,the impact of income tax burden on corporate growth Obviously,the impact of turnover tax burden is not significant.On the basis of summarizing the empirical results,this article puts forward corresponding policy recommendations,including: first,for the general direction of tax policy formulation,relevant departments should adhere to the tone of tax and fee reduction;second,focus on promoting valueadded The tax reform of turnover tax represented by tax;the last is to implement differentiated tax policy.