Tax Reform,Business Environment and Market Vitality:Debate on the Effect of Policy Synergy
This paper mainly focuses on examining the policy effects of"replacing the business tax with the value-added tax"(abbreviated as VAT reform)and analyses whether these effects depend on the business environment,providing information on the effective deployment of fiscal policies.Based on nationwide business registration data,this study finds,using a difference-in-differences approach,that VAT reform has not only significantly increased the number of new service sector enterprises in pilot areas but has also indirectly led to an increase in new industrial enterprises through input-output relationships.However,it should be noted that the impact of the VAT reform on market vitality depends to a large extent on the regional business environment conditions,underlining the importance of policy synergy.In a situation where the scope for tax cuts is increasingly limited,improving the business environment and enhancing policy synergy emerge as effective pathways to maximise the benefits of tax policy adjustments.
NETL
NSTL
万方数据
维普
