›› 2018, Vol. 34 ›› Issue (12): 28-37.

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Tax Burden, Tax Structure and Investment of Enterprise

WEI Tianbao   

  1. School of Public Economics and Administration, Shanghai University of Finance and Economics, Shanghai 200433, China
  • Received:2017-11-30 Online:2018-12-10 Published:2018-12-05

税收负担、税负结构与企业投资

魏天保   

  1. 上海财经大学公共经济与管理学院,上海 200433
  • 作者简介:魏天保(1985-),男,甘肃天水人,上海财经大学公共经济与管理学院博士生。
  • 基金资助:
    上海财经大学科研创新基金项目(2016110862)

Abstract: Based on the theoretical analysis, the paper examines the impact of the effective tax burden and tax structure on the investment of fixed assets by using the database of Chinese industrial enterprises from 1999 to 2007. Unlike linear results in previous papers, this study finds that the effect of Enterprise effective tax burden on fixed assets investment is of an inverted “U” shape, and this effect is mainly caused by direct tax, such as enterprise income tax. The effect of indirect tax such as value added tax is not significant. In the analysis of the heterogeneity of enterprises, it is found that the tax burden has no significant influence on large enterprises, state-owned enterprises and foreign enterprises. The impact on small and medium-sized enterprises, private and collective enterprises is even more significant.

Key words: Tax Burden, Tax Structure, Enterprise Investment

摘要: 本文在理论分析的基础上,利用1999~2007年《中国工业企业数据库》,检验了企业有效税收负担与税负结构对企业固定资产投资的影响。与以往实证文献发现的线性关系有所不同,本研究发现,企业有效税收负担对固定资产投资呈现先促进后抑制的倒“U”形影响,且这种影响主要由以企业所得税为代表的直接税税负造成,以增值税为代表的间接税税负的影响效果并不显著。在对企业异质性的考察中,发现税收负担对大型企业、国有和外资企业并未造成显著影响;对中小型企业、私营和集体企业的影响更为显著。

关键词: 税收负担, 税负结构, 企业投资

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