Analysis on the Effect of Tax and Fee Reduction on the High-Quality Development of Small and Medium-Sized Manufacturing Enterprises
In recent years,China has implemented a series of tax and fee reduction policies.Tax and fee reduction is an important fiscal and tax policy to promote the high-quality development of manufacturing enterprises.This paper selects the empirical data of the 100 index of smes from 2014 to 2021 and adopts the multi-time point DID model to empirically analyze the impact of tax and fee reduction on the high-quality development of small and medium-sized manufacturing enterprises.The results show that:the implementation of tax reduction and fee reduction policy will promote the high-quality development of small and medium-sized manufacturing enterprises,but the local government deleveraging policy will reduce this promotion effect;The promotion effect of tax reduction and fee reduction policy on the high-quality development of small and medium-sized manufacturing enterprises will be heterogeneous due to the property rights nature of the enterprises,the level of industrial technology and the degree of product market competition.Tax reduction and fee reduction policy has a more obvious promotion effect on the high-quality development of state-owned enterprises in small and medium-sized manufacturing enterprises,non-high-tech enterprises and regional enterprises with product market competition.Therefore,in order to further improve the promotion effect of tax reduction and fee reduction on the high-quality development of small and medium-sized manufacturing enterprises,differentiated tax reduction and fee reduction policies should be implemented for small and medium-sized manufacturing enterprises with different property rights,different industrial technology levels and different levels of product market competition.In addition,when implementing tax reduction and fee reduction policies,the impact of local government deleveraging on tax reduction and fee reduction policies should be fully taken into account,so as to better play the role of tax reduction and fee reduction in promoting the high-quality development of small and medium-sized manufacturing enterprises.
reduce taxes and feessmall and medium-sized manufacturing enterprisestotal factor productivityinfluence effecttime-varying DID Model
万方数据
维普
