粤港澳大湾区:企业税负、投资规模与经济增长

Guangdong-Hong Kong-Macao Greater Bay Area:Corporate Tax Burden,Investment Scale and Economic Growth

以2010—2019年粤港澳大湾区11个城市为样本,探究企业税负对经济增长的影响。研究结果表明:企业税负与经济增长显著负相关,固定资产投资、外商直接投资发挥部分中介效应。由于集聚经济的影响,新一线城市、二线城市的企业税负比一线城市的企业税负对经济增长的影响更为显著。为实现稳定的经济增长,建议贯彻执行“减税降费”政策,深化财税体制改革;探索建立地区型转移支付制度,设立区域合作基金;加大实体投资的税收优惠力度,有效引导跨境资本流动。

The article takes 11 cities in Guangdong-Hong Kong-Macao Greater Bay Area from 2010 to 2019 as a sample to explore the impact of corporate tax burden on economic growth.The research results show that:corporate tax burden is significantly negatively correlated with economic growth,and fixed asset investment and foreign direct investment play an intermediary effect.Due to the impact of agglomeration economy,corporate tax burden in new first and second-tier cities has more significant impact than corporate tax burden in first-tier cities on economic growth.In order to achieve stable economic growth,it is suggested to implement the policy of“tax and fee reduction”and deepen the reform of fiscal and taxation system,explore the establishment of regional transfer payment system and establish regional cooperation fund,improve tax incentives for physical investment,and effectively guide cross-border capital flows.