Have tax reduction and fee reduction promoted the development of the financial industry?—Empirical evidence based on listed companies in the financial industry

Cao, Yang; Xie, Jiaming; Zhang, Wei

doi:10.1080/1331677x.2022.2152358

Cited by 3 publications

(3 citation statements)

References 49 publications

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“…The complexities of tax compliance behavior require a more thorough understanding, which can help create tax policies and interventions that are more successful (Owusu et al, (2023). In order to close the current gap and support the development of evidence-based policies that encourage tax compliance and increase tax collections for the benefit of society as a whole, this research attempts to close this one (Cao et al, (2023). Within the field of tax compliance and enforcement, the early engagement of tax audit specialists in tax audits is a matter of great significance (Chyz et al, (2023).…”

Section: Resultsmentioning

confidence: 99%

Exploring the involvement of tax audit experts in the early stages of tax audits

Mhlanga,

Masehela

2023

IJRBS

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Tax compliance and evasion pose significant challenges to tax authorities in South Africa and other countries. In recent times, corporate governance issues have increasingly involved tax compliance. This study focuses on unresolved audit issues with the South African Revenue Service (SARS), expensive litigation, and lengthy arbitration with the tax Ombudsman. These issues are complicated by legal elucidations, legislative components, and regulatory frameworks. The paper aims to clarify the purpose of a tax legal audit expert at SARS in the initial phases of an audit procedure. To answer this research question, a thorough mapping review using methodical, technique-based literature evaluation was conducted. The study found that the lack of skilled tax legal audit experts hampers the effectiveness and efficiency of tax audits. Therefore, tax authorities must invest in the skills of tax legal audit experts to improve audit outcomes.

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Section: Resultsmentioning

confidence: 99%

Exploring the involvement of tax audit experts in the early stages of tax audits

Mhlanga,

Masehela

2023

IJRBS

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“…The index selection method refers to the method in Cao Y et al [ 7 ], and screens and classifies the collected data. In order to ensure the integrity and accuracy of the results, the indicators with serious data loss are screened out, and 14 variables are finally obtained by calculation, including 4 financial indicators and 1 tax burden index.…”

Section: Index Selection and Variable Settingmentioning

confidence: 99%

“…However, there remains limited research on the impact of taxation on the development of this industry. This direction represents an innovative perspective in the research question; (ii) In 2019, the PVAR model was applied for the first time [ 7 ] to analyze the impact of tax cuts on the four major financial indicators of listed companies in the financial industry. To further verify its feasibility, this study combines the dosage effect DID model with the PVAR model to examine the impact of tax cut policies on the green energy industry.…”

Section: Introductionmentioning

confidence: 99%

Empirical study on the impact of tax reduction on the development of Chinese green energy industry

Cao,

Liu

2023

PLoS ONE

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The implementation of tax reduction policies in China represents a significant and effective strategy. Accordingly, this strategy has been designed to facilitate the development of a green economy by establishing a market-oriented allocation system for environmental and resource elements, while simultaneously invigorating microeconomic entities. As the nation navigates towards the adoption of green, low-carbon production, and lifestyles, the role of clean and green energy emerges as a vital necessity. Therefore, to explain the impact of tax reduction policies on the green energy industry, this study collected and compiled financial indicator data from 100 listed companies in the green energy sector, utilizing the China Stock Market Accounting Research database (CSMAR) as a source for research samples. A Panel Vector Auto Regression (PVAR) model was employed to observe the effects of tax reduction policies on the energy industry, while the dosage effects Difference in Difference (DID) model was utilized to verify and supplement the findings. In summary, the findings of this study can be summarized as follows: firstly, tax reduction policies exert a positive impact on the green energy industry by effectively mitigating the financial cost burden on green energy enterprises, thereby reducing production expenses and amplifying their profitability. Secondly, such policies bolster the capital turnover rate of enterprises in the short term, thereby enabling augmented research and development investments, refining production efficiency, and enhancing competitiveness. Through rigorous analysis and demonstration, the research findings accentuate the stimulative and propulsive impacts of tax reduction policies on the flourishing development of the green energy industry. Furthermore, this study provides relevant fiscal and tax policy recommendations, thoughtfully derived from the research findings.

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Obligaciones tributarias y rentabilidad sobre la inversión en el sector camaronero del Ecuador, período 2022-2023

Kodaka Yagual,

Suarez Mena

2024

LATAM

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El presente artículo muestra la relación existente entre las obligaciones tributarias y la rentabilidad de las empresas del sector camaronero, mediante el Impuesto a la Renta causado y los indicadores de rentabilidad ROE y ROA. Considerando que en el Ecuador existen 1426 empresas activas dentro del sector antes mencionado, generando ingresos formidables para el país, y al verse afectado, esto podría repercutir sobre otros aspectos sociales. El objetivo fue determinar la relación entre las obligaciones tributarias y el rendimiento sobre inversiones del sector camaronero del Ecuador, año 2022-2023. Se desarrolló bajo una metodología de enfoque cuantitativo, alcance correlacional, diseño no experimental de corte transversal. Con los Estados Financieros obtenidos de la Superintendencia de Compañías se identificó el escenario real del sector, se realizó un análisis de normalidad y matriz correlación Spearman entre las variables, teniendo como hipótesis la existencia de una correlación negativa significativa, sin embargo, los resultados arrojaron una correlación positiva moderada, concluyendo que el cargo de obligaciones fiscales no afectó la generación de ingresos y rentabilidad de las empresas en este sector, mas bien, la capacidad que tienen las empresas para cumplir con sus obligaciones tributarias a pesar de un año económicamente difícil se interpretó como un reflejo de un control financiero sólido y un uso eficiente de los recursos disponibles.

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Have tax reduction and fee reduction promoted the development of the financial industry?—Empirical evidence based on listed companies in the financial industry

Cited by 3 publications

References 49 publications

Exploring the involvement of tax audit experts in the early stages of tax audits

Exploring the involvement of tax audit experts in the early stages of tax audits

Empirical study on the impact of tax reduction on the development of Chinese green energy industry

Obligaciones tributarias y rentabilidad sobre la inversión en el sector camaronero del Ecuador, período 2022-2023

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