Research On The Effect Of Environmental Protection Tax On Financial Performance Of Chemical Industry Enterprises

In 2018,China introduced an environmental protection tax,the first tax in China directly aimed at environmental protection.The environmental protection tax was introduced on the basis of pollution charges,but due to changes in the collection departments,increases in the charging standards in some provinces,and government concerns,the environmental protection tax has a certain impact on the enterprises,especially the chemical industry,as a heavy-polluting manufacturing industry,is greatly affected by the environmental protection tax,and also as a knowledge-and capital-intensive industry,it is an important link in the development of advanced manufacturing industry in our country.Therefore,this thesis selects the quarterly data of listed companies in China’s chemical industry during the five years from 2016 to2020 as a research sample,and empirically analyzes the impact of the implementation of the policy of changing pollution charge to environmental protection tax on enterprise performance.The empirical results show that the implementation of environmental protection tax has a positive impact on the financial performance of Chemical Enterprises,and the conclusion is still valid after the robustness test.Based on the regression results,this thesis puts forward policy suggestions from both enterprises and the government.The government should continue to optimize the environmental protection tax system,strengthen the collection and management,and avoid rent-seeking,chemical Enterprises should take a positive attitude to green environmental innovation,reduce their own tax burden...