Tax Incentives and Corporate Charitable Giving: Evidence from Changes in Corporate Giving Tax Credits

YANG Can-ming; YANG Yao-yu

Volume 38 Issue 3

May 2023

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Article Navigation > Journal of Guangdong University of Finance & Economics > 2023 > 38(3): 69-81

YANG Can-ming, YANG Yao-yu. Tax Incentives and Corporate Charitable Giving: Evidence from Changes in Corporate Giving Tax Credits[J]. Journal of Guangdong University of Finance & Economics, 2023, 38(3): 69-81.

Citation:

YANG Can-ming, YANG Yao-yu. Tax Incentives and Corporate Charitable Giving: Evidence from Changes in Corporate Giving Tax Credits[J]. Journal of Guangdong University of Finance & Economics, 2023, 38(3): 69-81.

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Tax Incentives and Corporate Charitable Giving: Evidence from Changes in Corporate Giving Tax Credits

School of Finance and Taxation, Zhongnan University of Economics and Law, Wuhan 430073, China

Received Date: 2022-12-05
Available Online: 2023-07-07
Publish Date: 2023-05-28

Abstract

Abstract

Social charitable donations are particularly important for improving the third distribution mechanism of national income. Based on the changes in corporate donation tax credit policies in 2008, this paper studies the impact of tax incentives on corporate charitable donations. It is found that with the tax deduction ratio of charitable donations increasing, the corporate charitable donation intensity and charitable donation tendency increased significantly; the conclusion is still valid after a series of robustness tests. Heterogeneity analysis shows that companies in more market-oriented regions and companies with more abundant cash flow have more obvious responses to preferential tax policies, and the short-term and long-established businesses are more affected by tax incentives for charitable donations. There are also economic motives behind corporate charitable donations. The theoretical and empirical analysis in this paper enriches the research on the effect of corporate donation tax credit policy and the motivation of charitable donations, which provides empirical evidence for optimizing China's tax incentives for charitable donations in the future.
- preferential taxation,
- donation tax policy,
- corporate donation,
- donation motivation,
- the third distribution

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References(28)

References

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