Research On The Impact Of Tax Burden On The Operating Performance Of Manufacturing Enterprises In China

Manufacturing industry is the pillar industry of China’s economic development,but also the main industry of China’s industrialization and modernization,manufacturing industry has played a significant role in driving China’s economy.China’s manufacturing industry is in an important period of overcoming difficulties and transforming and upgrading,but the tax burden has always been an important factor restricting its development and affecting its competitiveness.China is a big manufacturing country,but it is "big but not strong".Policies prevailing worldwide in recent years,tax cuts tide prevalent all over the world,our country has implemented a large-scale tax reduction Jiang Fei,for a long time,more focus on enterprise tax burden is reduced,whether to reduce the tax burden on the enterprise’s pain,but more should pay attention to is whether the enterprises enjoy the dividend policy,tax policy for the enterprise to bring the improvement of the profit,the improvement of business performance.In this paper,by selecting the data of a-share listed companies of manufacturing enterprises from 2010 to 2019,the tax burden index of enterprise income tax and turnover tax is constructed,and the operating performance index of enterprises is selected.Through the fixed effect model,empirical analysis is conducted to study the impact of tax burden on enterprise operating performance.The purpose of this study is to judge whether the reduction of corporate tax burden brings substantial improvement to corporate performance,provide direction for further tax and fee reduction in the future,and provide basis for our policy making.In addition,this paper studies the impact of tax burden of manufacturing enterprises on business performance from a micro perspective,which is more helpful for us to study the impact of tax and fee reduction on the whole economy at the macro level.Through in this paper,the study found that manufacturing enterprises lag issue of enterprise income tax and turnover tax and there is significant negative correlation between enterprise business performance,reduce the enterprise income tax and turnover tax can significantly improve business performance,and lagged effect,in addition of different types of enterprise tax’s influence on the enterprise operating performance,compared to small and medium enterprises,The reduction of tax burden of large enterprises is more conducive to the improvement of enterprise performance;Compared with state-owned enterprises,the reduction of tax burden of non-state-owned enterprises is more conducive to the improvement of enterprise performance.In view of this,we should continue to deepen Jiang Fei tax cut policy,keep the tax policy,to promote the manufacturing enterprises to improve the business performance of the,at the same time,to optimize the corporate income tax policy,to reduce the corporate income tax rate,deepening the reform of value-added tax system,perfect the leave on tax refund policy,the optimization of other relevant tax policy,to reduce the comprehensive cost of the enterprise,We will improve tax incentive policies and effectively reduce the cost burden on enterprises.In addition,precise tax policies should be formulated to inject vitality into the production and operation of manufacturing enterprises and achieve highquality economic development according to appropriate tax policies for manufacturing enterprise systems of different scales and different property rights.