Research On The Influence Of Corporate Income Tax Policy On Corporate Donation In China

With the continuous deepening of reform and opening up,China’s economy has entered a stage of high-quality development,and the overall economic level of the society has been significantly improved.However,the rapid economic growth has inevitably brought about a series of development problems.Problems such as the growing gap between rich and poor and the imbalance in regional development cannot be ignored.As an important carrier of the third distribution,donation can effectively regulate the allocation of social resources,and play an extremely important role in alleviating social contradictions,narrowing the gap between the rich and the poor,and improving the social responsibility of enterprises and citizens.At the 4th general assembly of the 19 th Central Committee,the Central Committee of China also clearly put forward the requirement that we should attach importance to the development of China’s philanthropy.For this reason,in recent years,China has taken tax policy as the main regulatory means to promote corporate donations,and revised and improved relevant laws and the enterprise income tax policies to guide and encourage corporate donations to promote the development of China’s philanthropy.In this context,based on the perspective of taxation,this paper explores the impact of corporate income tax on corporate donations,and based on the relevant research results and reality,provides policy suggestions for improving China’s tax policy,in order to further promote the stable development of China’s social donations.This paper consists of 5 chapters.The first chapter is the introduction.This chapter introduces the realistic background of this research topic and the theoretical significance of related research.Based on the summary and analysis of research literature in relevant fields,this chapter finds that domestic research on the effect of tax policies on donations is relatively lacking in such aspects as over-limit carry-over deduction policy,tax collection and administration and corporate financial redundancy.Therefore,this paper will carry out further research and exploration from the above directions.Chapter 2 is the theoretical research part,mainly elaborates the impact of income tax policy on corporate donation behavior.This chapter analyzes the motivation of corporate donation from three aspects of corporate social responsibility theory,tax benefit of donation and strategic philanthropy theory,and holds that corporate donation is not only a pure profit behavior under the social responsibility,but also a strategic choice made by enterprises to obtain external financing resources and achieve long-term development.On this basis,this chapter further clarifies the theoretical logic that corporate donations are affected by income tax policies from the perspective of the regulatory and incentive functions of income tax policies.Chapter 3 mainly analyzes the development status of China’s social donations and the current income tax policy of corporate donations.In terms of donations,enterprises are still the backbone of China’s social donations,with cash donations as the main form,but they are gradually developing towards diversification.Through the analysis of the income tax policy of corporate donation in China,we find that the current income tax preferential policy in China has some problems,such as scattered tax laws and regulations system,imperfect tax policy system of non-monetary donation and cumbersome application procedure of corporate tax preferential policy.Chapter 4 is an empirical study on the impact of corporate income tax policy on corporate donations.In this paper,the data of the companies listed on China’s A-share from 2012 to 2019 are selected as a research sample to analyze the impact of the actual income tax rate and the over-limit carry-over deduction policy on corporate donation expenditure.On this basis,this paper further studies the heterogeneity of corporate external tax collection and management environment and internal financial redundancy on the incentive effect of income tax policy.Relevant empirical research results show that the effective income tax rate has a positive impact on corporate donations;The over-limit carry-over deduction policy implemented in 2017 has a positive effect on promoting corporate donations;In addition,compared with the areas with low tax collection and administration intensity,the incentive effect of income tax policy on corporate donations is more obvious in the areas with high tax collection and administration intensity.And relative to the financial,high degree of redundancy of enterprise income tax policies on financial redundant degree of lower corporate donation incentive effect is more significant.Chapter 5 is the policy suggestion part.In this paper,according to the empirical research results and the existing problems of China’s taxation policy on corporate donations,from the enterprise income tax policy system,improve enterprise donated two aspects proposed the tax collection and administration and promote our country enterprise donation income tax policy Suggestions,in order to effectively guide the enterprises to make donations,promoting good sustainable development of Chinese philanthropy.