Can "Replacing Business Tax with Value-added Tax" Spawn Manufacturing Enterprises' Sense of Fulfillment from the Tax Reduction

The theoretical analysis shows that the effect of "Replacing Business Tax with Value-added Tax" on manufacturing enterprises' sense of fulfillment obtained from the tax reduction is the comprehensive result of tax reduction effect caused by the deduction of input tax from services provided by pilot industries of "Replacing Business Tax with Value-added Tax", and the tax increase effect caused by intensifying the tax collection and management after "Replacing Business Tax with Value-added Tax", and the differentiation of tax reduction effect and tax increase effect leads to obvious individual differences in manufacturing enterprises' sense of fulfillment obtained from the tax reduction of "Replacing Business Tax with Value-added Tax". Based on the sample survey data of 107 manufacturing enterprises, the empirical results show that the status of purchasing service from pilot industries of "Replacing Business Tax with Value-added Tax" and the tax collection and management intensity are important factors affecting the manufacturing enterprises' sense of fulfillment obtained from the tax reduction of "Replacing Business Tax with Value-added Tax". In the post era of "Replacing Business Tax with Value-added Tax", more attention should be paid to the differences in the impact of different taxes on manufacturing enterprises' tax burden and the tax increase effect caused by the increase in the tax collection and management intensity while designing the plan of reforming tax system and reducing tax and fee, and it needs to accelerate the transformation of traditional to service-oriented manufacturing enterprises, and continuously improve manufacturing enterprises' sense of fulfillment obtained from tax reduction.