The Impact Of Tax And Fee Reduction On Enterprise Investment And Employment

In the process of globalization,China’s economy has made great progress.Under the downward pressure of the economy,we should reduce taxes and fees to alleviate the operating difficulties of enterprises.In recent years,it has been integrated into the Yangtze River Delta economic Zone.Tax reduction and fee reduction is an important fiscal policy in China,and tax revenue plays an important role in XX Province’s development goal of becoming a strong national economy.This paper studies the impact of tax and fee reduction policies on investment and employment of listed companies in XX Province.Firstly,the basic theories and policies related to tax and fee reduction policies are sorted out,summarized and deeply interpreted.Secondly,based on the economic situation and the implementation status of tax and fee reduction in XX Province,the implementation status and specific effects of tax and fee reduction policy in XX province are explored.Finally,the empirical analysis of the impact of tax reduction and fee reduction policies on the investment level and employment scale of listed companies in XX Province is made,and corresponding policy suggestions are put forward for further improving the effect of tax reduction and fee reduction policies.Currently,the space to further improve the effect of tax reduction and fee reduction in XX province can be summarized into two aspects: on the one hand,the employment level of small and medium-sized enterprises;on the other hand,the implementation effect of tax reduction and fee reduction policies.Reasonable policy suggestions are put forward based on the room for improvement of the above tax and fee reduction policies.First,we will make tax and fee reduction policies more employment-oriented.Second,we will improve tax incentives for small and medium-sized enterprises at their development stage.Third,we strengthened publicity on policies to cut taxes and fees.Fourth,all government departments will work with each other to accelerate the implementation of supporting policies in fiscal,tax,environmental protection,financial and other related fields to reduce the impact of non-tax factors on tax and fee cuts.At the same time,enterprises’ sense of gain will be used as an important indicator to evaluate the effect of tax cuts and fees on enterprises,so as to effectively improve their sense of gain.Fifth,we will ensure the long-term nature of tax and fee cuts so that enterprises can tap their development potential through healthy market competition and individual economies can fully unleash their vitality in emerging markets.