摘要
交通运输业作为营改增第一批试点行业,改革效果对未来政策优化具有指导意义。基于2007~2018年交通运输行业113家上市公司的面板数据,运用PSM-DID实证检验了营改增对企业的减税效应。研究结果表明:营改增对交通运输企业的减税效应显著;机制分析发现,减税效应是通过影响总资产周转率、投资活动现金流出规模与净资产同比增长率实现的;减税效应所呈现的时滞性在国企与非国企间存在明显异质性。因此,应加快增值税法定化进程;增值税未来的优化方向应聚焦在税率并档;企业应优化资金的供应方式,积极引进先进技术和人才。
As the first batch of pilot industries of replacing business tax( BT) with value-added tax( VAT),the reform effect of transportation industry has much guiding significance for future policy optimization. Based on the panel data of 113 listed companies in transportation industry from 2007 to 2018,this paper empirically tests the tax reduction effect of replacing BT with VAT on enterprises by using PSM-DID. Results show that the tax reduction effect of replacing BT with VAT on transportation enterprises is significant;the mechanism analysis shows that the tax reduction effect is realized by influencing the turnover rate of total assets and the scale of cash outflow from investment activities as well as the year-on-year growth rate of net assets,and the lag of tax reduction effect is obviously heterogeneous between the state-owned enterprises and the nonstate-owned ones. Therefore,the process of VAT law should be sped up. The future optimization direction of VAT should focus on the combination of tax rates,and the enterprises should optimize the mode of capital supply and actively introduce advanced technology and talents.
作者
高玉强
束永康
孙开
GAO Yu-qiang;SHU Yong-kang;SUN Kai(School of Kconomirs,Qingdao University,Qingdao 266071,China;School of Finance and Taxation,Northeast University of Finance and Kconomics,Dalian 116025,China)
出处
《湖南科技大学学报（社会科学版）》
CSSCI
北大核心
2021年第1期59-66,共8页
Journal of Hunan University of Science and Technology(Social Science Edition)
基金
国家社会科学基金项目(20BJL074)。
关键词
营改增
企业税负
双重差分法
交通运输业
replacing BT with VAT
enterprise tax burden
difference-in-differences(DID)
transportation industry
