The Impact Of Tax Collection And Management On Corporate Donation

Philanthropy plays an important role in alleviating the gap between rich and poor and maintaining social equity and stability.In our country,corporate donation is an indispensable part of philanthropy.How to guide enterprise to donate is of great significance.There are many researches on corporate donation.On the one hand,domestic scholars pay attention to the impact of tax institution on corporate donation,hoping that the government can issue and improve relevant policies to encourage corporate donation,on the other hand,many studies reveal the instrumentality of corporate donation,but pay less attention to the impact of external governance factors on it.The research on tax collection and management has also extended to many fields since it's an effective external corporate governance force,except for corporate donation.This paper studies the influence of tax collection and management on corporate donation,including donation tendency and donation scale.From the enterprise level and decision-maker level,this paper comprehensively and deeply analyzes the income and cost of corporate donation,which is a complex economic behavior,and the impact of tax collection and management on it.Then in the empirical part,we use the data of A-share listed companies in 2007-2018 and the tax and economic data of various regions for regression analysis,and draw the following conclusions:(1)The greater the intensity of tax collection and management,the weaker the corporate donation tendency and the smaller the donation scale.Tax collection and management has a negative impact on corporate donation by restraining tax avoidance and alleviating the agency problem.(2)Compared with non-state-owned enterprises,in state-owned enterprises,the intensity of tax collection and management has a stronger negative effect on the tendency and the scale of corporate donation.However,the donation tendency and the donation scale of state-owned enterprises are higher than that of non-state-owned enterprises.It shows that the donation of state-owned enterprises is greatly influenced by the opportunism of managers,which reflects the relationship between donation and agency problem,and the governance role of tax collection and management in alleviating the agency problem and reducing agency cost.Finally,this paper makes the following policy recommendations: First of all,make use of tax collection and management to restrain the donation expenditures with impure purpose and to guide the corporate donation.And the tax authorities should avoid the interference of the "good children" effect of enterprises with donation when implementing tax collection and management.Secondly,the tax authorities should strengthen the collection and management of state-owned enterprises,pay attention to donations that are large and beyond reasonable level,and play the role of the supervision and management of state-owned assets.Finally,we should create an institutional environment conducive to fair competition and solve the difficulties in the operation and development of enterprises,to restore the nature of corporate donation as one of the corporate voluntary social responsibility behaviors.