Does Digital Tax Enforcement Increase Corporate Philanthropy——A Quasi-natural Experiment Based on"Golden Tax-Ⅲ Project"
The digital tax enforcement is a deep integration of tax administration and digitalization.Abundant researches have been conducted on the governance effect of digital tax enforcement at the enterprise level,but there is a paucity of studies on its impact on corporate philanthropy.Based on the micro data of A-share listed enterprises in China from 2008 to 2020,this paper adopts the Staggered DID to empirically test the impact of the digital tax enforcement on corporate philanthropy.The results reveal that the digital tax enforcement significantly increases the scale of corporate philanthropy.The conclusions of this paper still hold after conducting robustness tests such as parallel trends,propensity score matching difference-in-difference method(PSM-DID),replacing explanatory variables,and excluding part of the samples.The reason for this is that the digital tax enforcement not only improves the corporate information transparency,but also promotes the preferential tax policy implementation,which increases the proportion of enterprises enjoying the preferential tax policy,thus increasing the scale of corporate philanthropy.The expansive analysis shows that the effect of the digital tax enforcement to promote the scale of corporate philanthropy is even more significant after 2014 in regions where the economy is prosperous and enterprises are non-state owned.It is suggested that the reform of tax administration should be promoted in depth,the regulation and guidance of tax administration on corporate philanthropy be strengthened,the advantages of tax big data be emphasized,so as to promote the timely and accurate matching of various preferential policies on taxes and fees to each applicable enterprise,and to help enterprises to better implement their charitable donations.
Digital tax enforcementCorporate philanthropyGolden Tax-Ⅲ projectCommon prosperity for all
NETL
NSTL
万方数据
