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国际金融学院学术系列(第40期)

稿件来源: | 作者:czs | 发布日期:2017-12-08

报告人:陈晓光博士
题  目:Tax Smoothing Across Sectors: Evidence From China
时  间:2017年12月13日(周三,10:00-12:00)
地  点:珠海校区行政楼国际金融学院915会议室
主持人: 李世刚副教授

报告简介:
We establish evidence on the cyclical sectoral effective tax rate and smooth macro tax rate in response to sectoral shocks on tax base. Using the firm level data in China during 2000 and 2007, we study how the sectoral effective tax rate and macro effective tax rate vary with the value-added share of the mining sectors in the whole manufacturing sectors. We use an instrument variable to deal with the endogeneity problem of the share of mining sectors. The results show that the effective VAT rate of the non-mining sectors rises as the value-added share of the mining sectors falls, and vice versa. However, both the macro effective tax rate and the statutory tax rate remain constant. This finding is robust to two alternative measurements of tax enforcement-the total effective tax rate and the profit gap rate. The findings suggest cyclical tax enforcement can be conducted at the sectoral level to diversity the sectoral risks across sectors, while the tax smoothing can still be achieved at the macro level. In the end, by comparing across counties and industries, we show that the volatile effective tax rates consequently reduce number of firms and only big firms survive. The results reveal that the volative tax enforcement can be a mechanism underlying the resource curse.
报告人简介:
陈晓光,经济学博士,西澳大利亚大学助理教授。他先后在北京大学光华管理学院和伦敦政治经济学院(LSE)获得经济学博士学位。研究领域为税收和发展经济学。已经在Journal of Public Economics,Economics Letters,《中国社会科学》(2篇)、《经济研究》(3篇)、经济学(季刊)发表多篇学术论文。