金融发展、市场地位和税收规避——基于中国上市公司的经验证据

Financial Development, Market Position and Tax Avoidance——Evidences from Listed Companies in China

基于上市公司的财务数据研究了金融发展、市场地位和税收规避三者之间的关系。研究发现:市场地位与税收规避程度显著正相关,同时相比于金融发展水平较好地区,金融发展水平较差地区的企业其市场地位与税收规避的正向关系更为显著。研究结果表明,市场地位越高的企业税收规避的动机和能力均较高,而金融发展水平较低会加剧市场地位较高企业的税收规避程度,因此,提高我国的地区金融发展水平可以降低企业进行税收规避的动机,达到规范我国财税体制的目的。

Based on the financial data of listed companies, this paper studies the relationship among financial development, market position and tax avoidance. The paper finds that the market position is positively correlated with the degree of tax avoidance, and the positive relationship between market position and tax avoidance is more significant in areas with poor financial development than in areas with better financial development. The results of this study show that the higher the market position is, the higher the motivation and ability of tax avoidance is and the poor financial development areas will aggravate the degree of tax avoidance of the enterprises of higher market position. Therefore, improving the level of regional financial development in China can reduce the motivation of tax avoidance, which can standardize Chinese finance and taxation system .