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《Reform》 2013-01
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The Effects of Government Control on the Real Income Tax of Enterprise: 365 Listing Corporation Samples

Xu Tao Zhang Yi  
This paper uses the panel data of 365 listed firms during 2004 to 2011 from the Shanghai Stock and Shenzhen Stock Market.We define the effective tax rates to be the ratio of income tax expense and profit before tax.By combing the methods called Prais-Winstein regression and PCSEs(Linear regression with panel-corrected standard errors);we analyze the impact of different levels of government control on the corporate effective rates.The result shows that it is uncertain that whether government control influences the effective tax rates of listed companies or not.Compared to the listed companies which are controlled by central government,those which are controlled by local government have a higher effective tax rates.The size and debt of companies have a positive relationship with effective tax rates while the profit has a negative relationship with effective tax rates.Therefore,we suggest that on the one hand,the local government should release the regulation of company and promote the listed company's property rights reform;On the other hand,the company should focus on improving the profitability and cannot blindly pursue expanding scale and excessive use financial leverage.
【Fund】: 国家自然科学基金青年项目“中国区域间产品内分工深化与区域协调发展研究”(批准号:71003066)
【CateGory Index】: F812.42;F832.51;F224
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【Citations】
Chinese Journal Full-text Database 3 Hits
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【Co-citations】
Chinese Journal Full-text Database 10 Hits
1 LU Jun(School of Accounting;Zhejiang University of Finance and Economics,Hangzhou 310018,China);Nominal Tax Rate Adjustment and the Change of Effective Tax Rate——Analysis of the Effect of the New Enterprise Income Tax Law[J];West Forum;2011-03
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【Co-references】
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1 ZHANG Biwu,SHI Jintao(School of Management,Shanghai Jiao Tong University,Shanghai 200030,China);CEO Turnover and Top Management Team Stability——Evidence from Chinese Listed Companies[J];Journal of Finance and Economics;2006-01
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