Research on the Impact of Tax Burden of Listed Companies on Investment and Employment under the Policy of “Tax Reduction and Fee Reduction”

Based on the Panel Data of A-share Listed Companies in Shanghai and Shenzhen

DOI

10.2991/aebmr.k.220603.079How to use a DOI?

Keywords

corporate tax burden; tax and fee reduction; investment; employment

Abstract

Faced with the complex economic situation, especially the impact of COVID-19, China has implemented a large-scale tax and fee reduction policy to achieve the goal of “stabilizing investment and employment”. This paper uses the data of China’s A-share listed companies in Shanghai and Shenzhen from 2012 to 2020 to examine the impact of corporate tax burden on investment and employment under the policy of tax reduction and fee reduction. The results found that the decline of the tax burden under the background of tax and fee reduction policies promotes enterprises to invest and expand the scale of employment. The decline of the tax burden has a stronger effect on promoting employment. In addition, the decline in tax burden has a significant effect on investment and employment of non-state-owned enterprises, small and medium-sized enterprises and technology-intensive enterprises. The decline in tax burden only has a significant impact on investment of large-scale and capital-intensive enterprises. The reduction of tax burden only has a significant impact on employment of labor-intensive enterprises, while it has no significant impact on state-owned enterprises. Therefore, the government can implement differentiated policies to promote the coordinated development of social economy.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article distributed under the CC BY-NC 4.0 license.

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TY  - CONF
AU  - Pengjiao Guo
PY  - 2022
DA  - 2022/07/01
TI  - Research on the Impact of Tax Burden of Listed Companies on Investment and Employment under the Policy of “Tax Reduction and Fee Reduction”
BT  - Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)
PB  - Atlantis Press
SP  - 498
EP  - 502
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220603.079
DO  - 10.2991/aebmr.k.220603.079
ID  - Guo2022
ER  -