The impact of 2008 China tax reform on firms value－on the effect of anti-tax avoidance policy
碩士 === 逢甲大學 === 會計所 === 99 === For the taxes justice and perfecting the taxes system, the Corporate Income Tax Law and the relative rules were practiced from 2008.1.1 in China. Such as the “monitor director about securities extraordinary condition” issued by Shanghai stock exchange, it makes the Chi...
| Main Authors: | , |
|---|---|
| Other Authors: | |
| Format: | Others |
| Language: | zh-TW |
| Published: |
2011
|
| Online Access: | http://ndltd.ncl.edu.tw/handle/24303944816991261358 |
| Summary: | 碩士 === 逢甲大學 === 會計所 === 99 === For the taxes justice and perfecting the taxes system, the Corporate Income Tax Law and the relative rules were practiced from 2008.1.1 in China. Such as the “monitor director about securities extraordinary condition” issued by Shanghai stock exchange, it makes the Chinese investment environment more just than before. The new tax system is a important basis of anti-tax avoidance to the tax auditors. It can make all the opportunistic corporate pay much attention on the correct cognition about tax.
In the study, we investigate the effect to each kind of industry for the new tax system, and the ‘Tobin Q” is the index to measure the corporate value. The results shows as bellow：
1.The average effective tax rate of each kind of industry decrease gradually since 2008.
2.The enterprises''s value of each kind of industry increase gradually since 2008.
3.The national enterprises''s value are lower the the private enterprise since 2008..
4.The A-share enterprises’s value were increased since 2008, and B-share enterprises were not.
|
|---|