Empirical Research of Influencing Factors on the Actual Tax Burden:A-share Listed Companies in Automotive Manufacturing Industry of China

摘要

On the basis of the panel data from 2004 to 2008 of listed companies in automotive manufacturing industry, this paper studies the influencing factors of the actual tax burden of listed companies. The study shows that there was no significant relationship between capital intensity, shareholding structure and ETRs (Effective Tax Rates), but there is a significantly negative correlation between company size, the company's financial leverage and ETRs, which verifies that political rights hypothesis and debt tax shield has an effect on ETRs. The stronger the company's profitability, the higher ETRs is. Region effect is very clear, the actual tax burden in the car manufacturing industry of listed companies of the west, and Special Economic Zone was significantly lower than other areas. In addition, there was a significant positive correlation between the implementation tax rate and ETRs.