Big Data Tax Collection And Management,Information Transparency And Enterprise Risk

"We will improve the modern budget system,optimize the structure of the tax system and improve the transfer payment system." Proposed at the 20 th National Congress of the Communist Party of China to the construction of our tax system,Tax regulation is one of the basic work of tax system construction.In the new era,using Internet technology to carry out big data tax regulation is a new generation of regulation method to keep pace with The Times.The "Golden Tax Phase III" project uses modern information technology such as big data to improve the collection and management capacity,which can be used to measure digital tax collection and management.Therefore,the implementation of "Golden Tax Phase III" project can be a typical representative of the specific application of big data tax collection and management technology.The external environment can affect the business activities of enterprises,and then cause enterprise risks,preventing and resolving major risks is still an important task for us.In-depth investigation and exploration of the implementation of the "Golden Tax Phase III" project on the impact of enterprise risk,for the subsequent implementation of the "Golden Tax Phase IV" project and resolving enterprise risks have important policy significance.Since the implementation of the "Golden Tax Phase III" project,the tax department has used this system to strengthen supervision on enterprises,making enterprises involved in tax information more and more standardized,which has played a great role in ensuring tax security in our country.In the era of economic globalization,the competition between the same industry is increasingly fierce,especially in recent years under the impact of the epidemic,the development situation of enterprises is more difficult,enterprises to manage their own risks has become more important.However,most of the literature studies published by the academic circle focus on the impact of tax collection and administration on corporate tax burden,and the impact of tax collection and administration on corporate risk has not been carried out yet.Therefore,this paper will break through the traditional research mode that only attaches importance to corporate internal governance,and discuss the impact of big data tax collection and administration on corporate risk from the perspective of external governance.This paper studies the tax collection and management of big data represented by the "Golden Tax Phase III" project into the same framework system,discusses the impact of tax collection and management of big data on enterprise risks,and provides some reference basis for tax collection and management of Chinese tax authorities and enterprises’ management decisions.This paper firstly combs,analyzes and summarizes the published literature,and makes clear the previous research results on tax collection and management and enterprise risk,taking this as the research basis.Then,combining with the actual situation of tax collection and management in our country,it analyzes the mechanism of tax collection and management of big data represented by the "Golden Tax Phase III" project on enterprise risk.As a basic institutional arrangement,tax collection and management of big data plays an external governance role in enterprises,reducing the opportunity for management to seize corporate wealth,reducing agency costs and information asymmetry,and thus reducing enterprise risk.Then,the financial data of more than 3000 listed companies in 31 provinces of China from 2010 to 2019 were collected by taking advantage of the "Golden Tax Phase III" project,which was a good opportunity for exogenous policy impact.The enterprise risk of the collected data was calculated.The "difference-in-differences" model was used to study how the implementation of the "Golden Tax Phase III" project affected the enterprise risk.The research findings in this paper are as follows:(1)The big data tax collection and management technology represented by the "Golden Tax Phase III" project can significantly reduce enterprise risks;(2)Through the mechanism test,it is found that the tax collection and administration of big data improve the transparency of enterprise information and reduce the risk of enterprise;(3)Big data tax collection and management technology has a more significant impact on enterprises with weak internal control level and non-Big Four international audit.This paper broadens the research on the economic consequences of big data tax collection and administration,and also provides empirical evidence for government departments to further innovate the regulatory methods,improve the regulatory capacity and improve the implementation of the "Gold Tax Phase IV" project under the background of big data.At the same time,for the sake of their own sustainable development,enterprises should consciously regulate tax payment activities,improve their own tax credit,improve their own governance mechanism,and provide beneficial directional guidance for enterprises to reduce their own risks.