摘要
"营改增"试点于2014年6月1日起扩大到电信业,中国移动、中国联通和中国电信(三大运营商)作为行业巨头受其影响最大。然而,在选择《营改增通知》公布日作为事件日,并选用事件研究法分析股票市场对电信业"营改增"的反应时,发现股票市场对电信业"营改增"带来的税负在短期增加的负面信息已经消化,统计上没有显著的反应。利用已经公布的2014年半年报对各企业"营改增"后的实际税负进行分析,得出三大运营商"营改增"后实际税负的比例估计,发现三大运营商的税负大致相当,但仍需积极控制成本,降低利润下滑的幅度。
On June 1,2014, the reform program to replace the business tax with a value-aooeo tax was expanueu in telecommunications industry, which has great impact on China Mobile, China Unicom and China Telecom ( three major operators). In this paper, the day, on which "VAT" was announced, is regarded as event day. So a study is conducted to analyze the effect of stock market on "VAT" of telecommunications industry based on the method of event study. The result indicates that the short-term negative information of tax burden brought by stock market has been digested, which is not significant statistically. According to the semi-annual report of 2014, the real tax burden of enterprises is analyzed after VAT in order to get the ratio estimation of real tax bur- den of three major operators. The study reveals that the tax burden is still overloaded. Therefore, it is necessary for them to control costs and discourage the inclination in profits.
出处
《税务与经济》
CSSCI
北大核心
2015年第4期97-102,共6页
Taxation and Economy
关键词
营改增
电信业
企业税负
to replace the business tax with a value-added tax
telecommunications industry
enterprise tax