Big Data Tax Administration and Direct Investment in Tax Havens by Enterprises:A Quasi-Natural Experiment Based on the"Golden Tax Project Phase Ⅲ"
Based on a quasi-natural experiment of the"Golden Tax Project Phase Ⅲ",the study employs the difference-in-differences method to investigate the impact of big data tax administration on firms'outward direct investment behavior from the perspective of direct investment in tax havens.It is found that big data tax administration significantly suppresses firms'direct investment in tax havens.Mechanism research indicates that big data tax administration effectively inhibits direct investment in tax havens by enhancing tax administration analysis capabilities,reducing information asymmetry,and improving the quality of the institutional environment.Further research reveals that the inhibitory effect of big data tax administration on direct investment in tax havens is more significant in firms without political connections and with weaker internal and external governance environments.Moreover,the inhibitory effect is industry-specific,being more pronounced in industries with intense market competition and technology-intensive sectors.This study expands the research on firms'outward direct investment under the background of big data tax administration,clarifying the role of big data technology in curbing corporate international tax avoidance.It provides valuable policy insights for the Chinese government to further participate in global tax governance and to safeguard and regulate Chinese firms"going out".
big datatax administrationtax havens"Golden Tax Project Phase Ⅲ"
NETL
NSTL
万方数据
