National Tax Bureau and Local Tax Bureau Merger Reform and Corporate Innovation:Inhibition or Promotion?
This paper investigates the impact of the NTB-LTB merger reform on corporate innova-tion by using a difference-in-differences(DID)method.The results show that the NTB-LTB merger reform significantly promotes corporate innovation,which remains valid after a series of robustness tests.Mechanism test shows that the NTB-LTB merger reform inhibits corporate inno-vation through the taxation channel,but promotes corporate innovation through the governance channel and the taxation business environment channel.The promoting effect is more significant in companies with lower information transparency,weaker corporate governance,and poorer re-gional business environments.Further analysis shows that the NTB-LTB merger reform improves the quality and efficiency of corporate innovation,demonstrating both"quality improvement"and"efficiency enhancement"effects.The above research conclusions suggest that unified and stand-ardized tax administration contributes to stimulating the vitality of corporate innovation,providing empirical support for deepening tax administration reform and building a modern fiscal and taxa-tion system.
NTB-LTB merger reformcorporate innovationtax administrationcorporate gov-ernancetaxation business environment
NETL
NSTL
万方数据
