摘要
税收结构与固定资产投资之间存在着溢出效应。一方面,固定资产投资可以改变各个税种的比重。另一方面,不同税种对固定资产投资的影响力存在差异,有的税种比重增加可以抑制固定资产投资,而有的税种比重增加却促进固定资产投资。营业税改征增值税政策对固定资产投资的促进作用主要来源于营业税比重的减少,而不是增值税比重的提高。另外,政府需要提前做好逆周期的调控预案,尤其是要在政策调整的初期采取措施抑制过度乐观的情绪。
There are spillover effects between tax structure and fixed asset investment. On one hand, fixed asset investment changes the weights of different taxes. On the other hand, taxes cast different influences on fixed asset investment. Some taxes would depress investment, while some taxes facilitate investment. Business tax remains much more power than value-added tax. In addition, reform at the present stage should go step by step and increase pilot areas gradually. Government should for- mulate counter-cyclical macroeconomic policy and especially control excessive optimism in the early days.
出处
《投资研究》
北大核心
2014年第1期4-12,共9页
Review of Investment Studies
基金
广西金融工程学会课题(GXJRGCXH2013008)
关键词
营业税
增值税
固定资产投资
溢出效应
business tax
value-added tax
fixed asset investment
spillover effect
