Study on the Problem of China’s Business Tax Changes to VAT —Based on the Panel Data of Listed Companies in the Transport Industry

摘要

The program to replace the business tax with a value-added tax has been taken for three years since 2012 and it is a great success. Moreover, the transport industry is not only a basic and ser-vice one, but also a “bridging” institute between social production and consumption, wherefore it turns itself into a focus and forerunner industry of the program. Under the condition of a comprehensive program about business, tax changes to the value-added tax in the overall industry for 2016 (shortened as “program” below). This essay attempts to probe what the program would impact upon the transport industry along with the causes in respect of tax incidence and so forth in the model of DID (Difference-in-Difference model). Based on this, further relevant suggestions and reflections upon improvements and soluble schemes of the policies are going to be proposed.