Influence of Tax Reduction and Fee Reduction Policy on the Value of Manufacturing Enterprises in Guangdong Province
This article takes the A-share listed manufacturing industries in Guangdong Province as a sample to analyze the impact of tax reduction policies on the value of manufacturing enterprises in Guangdong Province by constructing a fixed effect model. The result reflects that, at this stage, the overall tax burden rate of A-share listed manufacturing industries in Guangdong Province is high. The value of enterprises is relatively low, the corporation value and its overall tax burden have a high level of correlation. This paper gives some suggestions for manufacturing companies in Guangdong Province on how to use the tax and fee reduction policies to promote their development.
[1] Zhang Deng. Research on the Tax Burden Change of Manufacturing Industry under the Background of Tax
Reduction [J]. Chinese Market.2021(33):81-83.
[2] Gong Huiwen. Logic Thinking on Reducing Value - added Tax Rate of Manufacturing Industry [J]. Taxation Research.2020(02):5- 10.
[3] Wagner. A. F, Zeckhauser. R. J, Ziegler. A. ZIEGLER A. Company Stock Price Reactions to the 2016 Election Shock:Trump,Taxes, and Trade [J].Journal of Financial Economics,2018(2):428-451.
[4] Wan Xiangyu , Tang Liang , Shi Xuemeiet al. Economic Effect Evaluation of Reducing Corporate Income Tax Burden in China——Based on Micro - Simulation Model [J]. Academic Research.2020.( 10):93- 100.
[5] Tang Zetao, Tang Yugang. VAT tax cuts, bargaining power and enterprise value——Empirical evidence from Hong Kong stock market[J].Study of Public Finance.2020(04): 115- 128.
[6] Rao Qian , Yang Yuhong , Guo Shijunet al.The impact of added-value tax deduction on enterprise value [J]. Study of Public Finance.2020( 10): 102- 114.