A Study On The Impact Of Tax Burden On The Business Performance Of My Country’s Construction Enterprises ——Based On The Data Of Shanghai And Shenzhen A-share Listed Companies

As a traditional industry in my country’s economic development,the construction industry has always been a pillar industry in my country,promoting economic and social development,making great contributions to the development of the country and society,and promoting the accumulation of social wealth and the prosperity of the country.The development of the construction industry plays a fundamental role in the development of the whole country.At the same time,the construction industry provides a large number of employment opportunities for the society and ensures the livelihood of the people.In recent years,as the impact of the epidemic continues to deepen,the state has also introduced many policies to ensure the development of all walks of life.The tax policy has also been continuously reformed,which has contributed to the promotion of enterprise development.In 2016,my country began a comprehensive "replacement of business tax with value-added tax",including the construction industry.Since then,tax policies related to the construction industry have been continuously introduced.Therefore,as a construction industry that plays a protective role in the national economy,it is worth studying.Yes,it is also very necessary.This paper mainly measures the operation and development status of the construction industry through business performance,and studies the impact of the tax burden of enterprises on the business performance of construction enterprises.This paper uses the turnover tax rate,income tax rate,other tax rates and the overall actual tax rate to measure and calculate the tax burden of construction enterprises,and uses the return on equity to represent the business performance level of the enterprise.Firstly,it gives an overview of tax burden and business performance,and introduces the theoretical basis of the impact of tax burden on business performance.And analyzed the status quo of the tax burden and business performance of the construction industry,including the analysis of the status quo of the tax burden of the construction industry from the perspectives of tax types and regions.The four aspects of development ability analyze the current situation of the construction industry’s operating performance.Secondly,according to the results of the previous analysis,the return on net assets is selected as the explained variable,the turnover tax rate,income tax rate,other tax rate and the overall tax rate are used as explanatory variables.Operating cost,enterprise scale and asset-liability ratio are used as control variables for empirical analysis,and the random-effect model and fixed-effect model are respectively adopted through model judgment,and the relationship between variables is proved by stepwise regression method.Finally,through theoretical and empirical analysis,this paper draws a conclusion:the overall tax burden of the construction industry is relatively high and the development is sluggish,and the turnover tax,income tax,other taxes and the overall tax burden are all negatively correlated with the business performance of construction enterprises,the income tax and the overall actual tax burden show a significant negative correlation.At the same time,the study also found that the scale of enterprises has a positive correlation with the operating performance of the construction industry,and the asset-liability ratio has a negative correlation with the operating performance of construction enterprises.Based on all the previous research and analysis,this paper gives the reasonable selection of suppliers,strengthening the management of purchase invoices,improving business strategies and reducing dependence on liabilities,rationally planning labor expenses,reducing corporate income tax burdens as much as possible,and rationally adjusting relevant taxes by the government.Policy and other policy recommendations.