Study On The Impact Of Salary Tax Credit On Enterprise Labor Productivity

In recent years,the issue of fair income distribution has gradually come into view and become a focus of attention in both academic and practical circles.Taxation is an important factor affecting the fairness of income distribution,and human capital is also an important factor driving social and economic development.How to stimulate employees’ motivation through the remuneration system and thus stimulate the improvement of corporate labour productivity is an important element of corporate management.The 2008 tax credit reform is an important reform measure that can effectively reduce the burden of enterprises,promote fair income distribution and ultimately achieve the goal of improving the productivity of enterprises.The 2008 tax credit reform is an important reform measure to reduce the burden on enterprises,promote fair income distribution and ultimately improve the productivity of enterprises.Based on the above background,this paper attempts to study the impact of the2008 tax credit on labour productivity of enterprises from the perspective of Marx’s labour value theory.The paper selects A-share non-financial listed companies from2000 to 2021 as the research sample,defines the explanatory variables from the perspective of Marx’s labour value theory,and uses a double difference(DID)model to study the impact of the tax credit on the labour productivity of enterprises on the basis of theoretical discussion.The results of the study show that the DID has a significant impact on labour productivity,and after further examination of the pay gap mechanism,it is found that the DID reform can increase labour productivity by reducing the pay gap.In the process of heterogeneity analysis,this paper finds that the impact of tax credit policy reform on labour productivity varies according to the life-cycle and size of firms.The paper concludes with targeted advice from both government and enterprise perspectives to improve labour productivity.This paper connects the payroll tax credit policy reform with the labour productivity of enterprises through the pay gap,expanding the literature on the factors influencing labour productivity of enterprises and enriching the literature on the mechanism of payroll tax credit effect.In addition,the paper takes a fresh perspective from Marx’s labour theory of value.Finally,the content of this paper provides theoretical and empirical support for the implementation of the payroll tax credit policy by the relevant authorities,and provides directions for the relevant authorities to innovate the specific content of the payroll tax credit and optimism and improve the current content of the payroll tax credit.