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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
1 CAO Shu-jun1,ZHANG Wan-jun2 (1.School of Economics and Business Administration,Chongqing University,Chongqing 400044,China;2.School of Accounting,Chongqing Technology and Business University,Chongqing 400067,China);Determinants of the Variability of Corporate Effective Tax Rates——Evidence of Listed Companies in China[J];Collected Essays on Finance and Economics;2008-06
2 LIYAN WANG (Peking University)XIANGQIAN LIU (Guotai-Junan Security,Ltd.);IPO and Non-legitimate Tax Preferences[J];China Economic Quarterly;2004-01
3 PIAO Ji-shan(Accounting Department, College of Economics and Management, Yanbian University, Yanji Jilin, 133002, China);Relationship between Corporate Size and Tax in China's Listed Companies[J];Journal of Yanbian University(Social Sciences Edition);2005-03
【Co-citations】
Chinese Journal Full-text Database 9 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
2 LIU Ai-ming,LIU Dong-rong(School of Business,Central South University,Changsha 410083,China);An Empirical Study on the Anti-tax Evasion Effect of Adjustment of Special Taxation of Corporate Income Tax[J];Systems Engineering;2011-11
3 CAO Shu-jun,LIU Xing,FU Yun-ying(School of Economics and Business Administration, Chongqing University, Chongqing 400044, China);Employment and Corporate Effective Tax Rate:Employ Incentive or Soft-budget Constraint[J];China Industrial Economics;2009-05
4 LIANG Xi-chao(Accounting College,Zhejiang University of Finance & Economics,Hangzhou 310018,China);The Industrial and Regional Differences of Effective Income Tax Rate and The Economic Consequences[J];Journal of Guangxi University of Finance and Economics;2011-01
5 Shen Jianfei1,2,Lin Weiwei1 (1.Graduate School,North China Electric Power University,Beijing 102206,China;2.College of Business Administration,North China Electric Power University,Beijing 102206,China);Empirical Study on Influence of Enterprise's Scale and Location on Actual Tax Burden:Taking Listed Enterprises in Wholesale and Retail Industry of China As Example[J];Technology Economics;2009-01
6 Jun Lu;Tax Rate Adjustment,Property Rights Arrangement and Actual Tax Burden Differences——Empirical Data from Consolidation of the Two Taxes[J];South China Journal of Economics;2012-02
7 TAN Guang-rong,LIN Xin-fang;Influencing Factors on Effective Tax Rates of Mediun-sized and Small Enterprises[J];Journal of Social Science of Hunan Normal University;2012-05
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9 Mi Xuming, Huang Liming;The Difference of Tax Collection,Tax Compliance and Corporate Value[J];Securities Market Herald;2012-10
【Secondary Citations】
Chinese Journal Full-text Database 2 Hits
1 SAMUEL GUIHAI HUANG (Macau University of Science and Technology)FRANK M.SONG (The University of Hong Kong);The Determinants of Capital Structure:Evidence from China[J];China Economic Quarterly;2004-01
2 Shi Donghui (Research Center,Shanghai Stock Exchange);Ownership and Competition in Transition Economy: Empirical Evidence From China's Listed Companies[J];Economic Research Journal;2003-08
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