The Research On The Influence Of Corporate Income Tax Preferential Policies On Corporate Charitable Donations

With the proposal of the second centenary goal of achieving common prosperity for all the people,the third distribution Policy was incorporated into the basic institutional arrangement,reflecting the determination to promote social fairness between the lines,and the development of philanthropy in our country has entered a state of full swing.As part of the main body of charity,enterprises play an important and pivotal role in the entire philanthropic undertaking,helping the country to alleviate poverty,respond to epidemic prevention and control,and actively assume social responsibility.In this context,it is of epochal significance to study how to guide and motivate corporate charitable giving.Therefore,based on this,this paper discusses the impact of the adjustment of preferential income tax policies on corporate charitable donations.This paper first introduces the concept of charitable donation and preferential corporate income tax Policy,analyzes how the preferential income tax Policy promotes corporate donation from the third distribution theory,cost-benefit theory and Pareto optimal theory,analyzes how the preferential income tax Policy affects corporate charitable donations through the profit maximization model and utility maximization model,and concludes that the charitable donation of enterprises is related to the pre-tax deduction level and tax rate.Secondly,the current situation of social donation is introduced,the trend of donations in recent years is analyzed through data,and the main forms of social donation funding sources and the inflow of charitable donations are analyzed.As the main source of social donation,corporate donation focuses on the current situation of donations of enterprises of different nature and different regions,as well as the fields in which listed enterprises choose to donate.This paper sorted out the current income tax Policy to encourage enterprise donations,and found out some limitations of the current Policy in combination with the actual situation.At the same time,through the empirical analysis of the donations of Shanghai and Shenzhen A-share listed companies from 2013 to 2021,it is finally concluded that the preferential income tax Policy adjusted in 2017 has promoted the scale of corporate donations and the willingness of enterprises to donate.Compared with state-owned enterprises,non-state-owned enterprises are more sensitive to Policy adjustments,and the preferential income tax Policy has a greater impact on large-scale enterprises,and compared with enterprises in the central and western regions,eastern enterprises will be more inclined to donate under the incentive of policies.Based on the current situation and empirical analysis,this paper puts forward some suggestions on the problems existing in the current Policy,hoping to better promote the development of philanthropy.