Tax Administration Perception and Enterprises'Investment Intention:Empirical Evidences Based on the Thirteenth Chinese Private Enterprise Survey
Deepening the reform of tax collection and administration system is an important initiative to create a fair and competitive business environment,which has a far-reaching impact on the behavior of micro market players.Based on the merger of State Tax Bureau(STB)and Local Tax Bureau(LTB)in 2018,this paper explores the impact of the perception of uncertainty in the collection and management system on the investment intention of enterprises from the perspective of entrepreneurs'subjective perception,utilizing the data from the thirteenth China Private Enterprise Survey(CPES).The study finds that the perception of uncertainty in the levy and administration system significantly inhibits enterprises'willingness to invest,and this effect is stronger in enterprises with a heavier tax burden,weaker tax collection and administration,a poor business environment and weak risk management and control.The mechanism analysis suggests that the perception of uncertainty in the tax administration system reduces enterprises'willingness to comply with taxes,raises the cost of political connections,and thus weakens their willingness to invest.The findings of this paper not only further validate the positive governance role of tax collection and management at the level of enterprise behavior,but also help provide policy insights for private enterprises to create a fair,transparent and predictable tax business environment.
STB-LTB mergerTax administration uncertainty perceptionTax business environmentInvestment intention
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