“营改增”对零售业税负及盈利能力的影响分析——以沪、深零售业上市公司为例

Analysis on Business Tax to VAT Transformation Reform Impacting Tax Burden and Profitability in Retail Industry——taking the listed companies of shanghai and shenzhen retail industry as anexample

营业税和增值税作为我国两大主要税种,在经济领域起着重要的作用。通过选取上市公司特定的衡量指标进行实证分析,发现"营改增"政策变量与我国上市公司零售企业的税收负担呈负相关,而税收负担与盈利能力呈正相关。即随着"营改增"的实施,零售业的税收负担下降了,但盈利能力也随之下降。同时针对"营改增"对零售业发展的影响,提出加强营运资金管理、提高财务人员水平、运用技术手段、拓展农村市场及加强发票管理等相应的对策建议。

Sales taxes and value-added taxes,as two major taxes in China,have played an important role in the economy.The paper,through case analysis based on measure index picked up from the listed company,finds out that following the reform,policy variables have negative correlation with the tax burden in the listed retail enterprises meanwhile tax burden has positive correlation with profitability.With the implementation of the reform,tax burden as well as profitability has decreased.Meanwhile,aiming at the reform impacting the retail industry,measures should be adopted including strengthening the working capital management,enhancing the level of financial staff,employing the technology,expanding the rural market and controlling the invoice system strictly.