Previous studies focus on the direct impacts of environmental regulations while paying less attention to spillover effects.Taking the Eleventh Five-year Plan in China as a quasi-natural experiment,our results show tha...Previous studies focus on the direct impacts of environmental regulations while paying less attention to spillover effects.Taking the Eleventh Five-year Plan in China as a quasi-natural experiment,our results show that environmental regulations significantly increase the tax burden of unregulated frms.Environmental regulations generate spillover effects on firms that should not be subjected to regulatory policies.Further channel analysis shows that the fiscal pressure of local governments caused by environmental regulations is a major channel for the increase in the tax burden of unregulated firms.Finally,according to the heterogeneity results,the spillover effects are more pronounced in small firms,non-state-owned enterprises,and provinces with stricter enforcement.Our findings emphasize the additional costs of environmental policies,and the government should consider these costs when formulatingpolicies.展开更多
In accordance with the purchasing tax-deduction method and the receiptbased value added tax(VAT)system,the same transaction can be recorded by two firms,which creates self-enforcement properties,thereby restraining ta...In accordance with the purchasing tax-deduction method and the receiptbased value added tax(VAT)system,the same transaction can be recorded by two firms,which creates self-enforcement properties,thereby restraining tax avoidance.Using the Replacement of Business Tax with VAT reform in China,this paper adopts a difference-in-differences design to investigate the spillover effects of VAT self-enforcement properties on corporate income tax avoidance by manually collating information about suppliers/clients of listed firms.As the listed firms’suppliers/clients switch from paying business tax to paying VAT,there is a striking decline in their corporate income tax avoidance behavior.This effect is pronounced in firms with closer upstream and downstream correlations,higher information complexity and stronger incentives for tax avoidance.展开更多
基金supported by China National Social Science Fund (No. 19BJY008)Humanities and Social ScienceFund Project of Ministry of Education in China (No. 18YJA790055)+1 种基金Graduate Project of Wuhan University(No. 1201-413100137)Undergraduate Education Quality Construction Project of Wuhan University (No.1201-413200294).
文摘Previous studies focus on the direct impacts of environmental regulations while paying less attention to spillover effects.Taking the Eleventh Five-year Plan in China as a quasi-natural experiment,our results show that environmental regulations significantly increase the tax burden of unregulated frms.Environmental regulations generate spillover effects on firms that should not be subjected to regulatory policies.Further channel analysis shows that the fiscal pressure of local governments caused by environmental regulations is a major channel for the increase in the tax burden of unregulated firms.Finally,according to the heterogeneity results,the spillover effects are more pronounced in small firms,non-state-owned enterprises,and provinces with stricter enforcement.Our findings emphasize the additional costs of environmental policies,and the government should consider these costs when formulatingpolicies.
基金funded by grants from the Natural Science Foundation of China(Nos.72272025,71772029)the Liao Ning Revitalization Talents Program(No.XLYC2007052)the Tax Accounting Research Center of Dongbei University of Finance and Economics
文摘In accordance with the purchasing tax-deduction method and the receiptbased value added tax(VAT)system,the same transaction can be recorded by two firms,which creates self-enforcement properties,thereby restraining tax avoidance.Using the Replacement of Business Tax with VAT reform in China,this paper adopts a difference-in-differences design to investigate the spillover effects of VAT self-enforcement properties on corporate income tax avoidance by manually collating information about suppliers/clients of listed firms.As the listed firms’suppliers/clients switch from paying business tax to paying VAT,there is a striking decline in their corporate income tax avoidance behavior.This effect is pronounced in firms with closer upstream and downstream correlations,higher information complexity and stronger incentives for tax avoidance.
