Can “Capital-Biased” Preferential Tax Policies Promote Capital Deepening?

DOI

10.2991/978-94-6463-598-0_50How to use a DOI?

Keywords

tax incentives; accelerated depreciation of fixed assets; Capital deepening

Abstract

Capital deepening is an inevitable trend to cope with the aging of the population and the declining birth rate. Therefore, based on the data of manufacturing enterprises in the Shanghai and Shenzhen stock markets from 2011 to 2018, this paper examines the impact of the accelerated depreciation policy of fixed assets on capital deepening. The empirical test shows that the policy significantly increases the per capita capital of enterprises, and the growth rate of capital factor exceeds that of labor factor. The group discussion found that the capital deepening effect of this policy on capital-intensive and innovative enterprises is more obvious. These conclusions provide a basis for optimizing relevant tax policies.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Jingjing Xu
PY  - 2024
DA  - 2024/12/19
TI  - Can “Capital-Biased” Preferential Tax Policies Promote Capital Deepening?
BT  - Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024)
PB  - Atlantis Press
SP  - 486
EP  - 492
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-598-0_50
DO  - 10.2991/978-94-6463-598-0_50
ID  - Xu2024
ER  -