企业战略对税收激进度的影响研究

A Study of the Effect of Corporate Strategy on Tax Aggressiveness

摘要: 本研究的核心目标在于深入剖析企业战略对税收激进策略的影响，并进一步解析企业特性在这种关联中所扮演的关键角色。考虑到税收激进度对企业声誉和市场价值的潜在影响，理解企业战略如何塑造税务行为对于企业决策者和政策制定者均具有重要意义。本文选取2012~2022年我国A股上市公司为研究样本，运用定量分析方法，构建了包含企业战略得分、内部控制质量、政府干预等多个变量的回归模型，并对模型进行多重共线性检验，确保分析结果的准确性。研究发现企业战略得分与税收激进度显著负相关，表明企业战略越保守，其税收激进度越高。内部控制质量低的企业中，企业战略对税收激进度的影响更为显著。此外，企业的产权性质以及市场化程度对企业战略的影响呈现出了显著的异质性效应。因此，在制定和执行企业战略时，企业必须充分考虑税收激进度的控制，以有效规避税务风险并提升企业价值。加强内部控制、优化税务筹划策略以及提高税收透明度，这些措施对于降低税收激进度、确保企业可持续发展至关重要。本研究的结果不仅为政策制定者提供了完善税收政策、加强税收征管的参考依据，同时也为企业管理层在制定战略时充分考虑税务筹划的影响提供了实证支持。

Abstract: The objective of this study is to delve into the effect of corporate strategy on tax aggressiveness and dissect the role played by various corporate characteristics in this dynamic. Given the potential implications of tax aggressiveness on a company’s reputation and market worth, it is pivotal for both corporate decision-makers and policymakers to comprehend how corporate strategy molds tax behavior. We have selected China’s A-share listed companies from 2012 to 2022 as our research subjects. Utilizing quantitative analysis methods, we have constructed a regression model encompassing variables such as corporate strategy score, internal control quality, and government intervention. The model has undergone rigorous testing for multiple covariances to ensure the precision of our analytical findings. The research demonstrates a clear negative association between corporate strategy conservatism and the degree of tax aggressiveness, indicating that firms adopting a more cautious strategic posture are likely to exhibit a greater tendency towards tax aggressiveness. The effect of corporate strategy on tax aggressiveness is more significant in firms with low internal control quality. Moreover, the nature of corporate ownership and the level of marketization exhibit a noteworthy heterogeneous influence on the shaping of corporate strategy. When crafting and executing corporate strategies, it is imperative to prioritize the management of tax aggressiveness to mitigate tax-related risks and bolster corporate value. Key strategies include enhancing internal control mechanisms, refining tax planning approaches, and fostering greater tax transparency. These measures are essential for minimizing tax aggressiveness and paving the way for sustainable corporate growth. The study’s findings offer policymakers a solid foundation for enhancing tax policies and bolstering tax collection and management, while also offering empirical evidence that corporate management should factor in the implications of tax planning during strategy formulation.