Government Budget Management and Corporate Tax Burden: From the Perspective of Budget Deviation

ZHANG Kai-qiang; CHEN Zhi-gang

Volume 36 Issue 6

Nov. 2021

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ZHANG Kai-qiang, CHEN Zhi-gang. Government Budget Management and Corporate Tax Burden: From the Perspective of Budget Deviation[J]. Journal of Guangdong University of Finance & Economics, 2021, 36(6): 98-112.

Citation:

ZHANG Kai-qiang, CHEN Zhi-gang. Government Budget Management and Corporate Tax Burden: From the Perspective of Budget Deviation[J]. Journal of Guangdong University of Finance & Economics, 2021, 36(6): 98-112.

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Government Budget Management and Corporate Tax Burden: From the Perspective of Budget Deviation

ZHANG Kai-qiang¹,
CHEN Zhi-gang²

1.
National Academy of Economic Strategy, Chinese Academy of Social Sciences, Beijing 100006
2.
College of Economy, Shenzhen University, Shenzhen 518060, China

Received Date: 2021-08-14
Available Online: 2021-12-16
Publish Date: 2021-11-28

Abstract

Abstract

In the context of comprehensively advancing and implementing budget performance management during the 13th Five-Year Plan period. Based on the phenomenon that the local government fiscal budget deviation appears as "excessive income" and the expenditure budget deviation shows "less expenditure", this paper explores the mechanism of government budget deviation on corporate tax burden. Based on the mechanism of local government budget deviations affecting the micro-market entities, it is found that an increase in the deviation of government revenue and expenditure budgets will raise the actual tax rate of enterprises. A series of empirical analysis shows that, when the government revenue budget deviates by 10%, the effective corporate income tax and VAT rates in the region will increase by 0.46% and 0.25% respectively; when the deviation of the government expenditure budget increases by 10%, the effective corporate income tax and value-added tax rates in the region will increase by 1.34% and 0.62%respectively; the actual tax rate of corporate income tax has changed more than the value-added tax. In addition, compared with the central and western regions, enterprises in the eastern region are more affected by government budget deviations. The tax burden of state-owned enterprises is closely related to the budgetary behavior of local governments, followed by foreign-funded enterprises but the least to private enterprises. The conclusions of this paper will provide references and suggestions for deepening the budget management system, scientifically regulating government revenue and expenditure, optimizing the market competition environment, and improving the relationship between the government and the market.
- government revenue and expenditure,
- government budget,
- corporate tax burden,
- budget deviation,
- budget system,
- tax compliance,
- actual tax rate,
- income tax,
- value added tax

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References(41)

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