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1、ChinaEconomicReview46(2017)S17–S34ContentslistsavailableatScienceDirectChinaEconomicReviewAsymmetricreformbonus:TheimpactofVATpilotexpansiononChina'scorporatetotaltaxburdenabc,⁎HongshengFang,YuxinBao,JunZhangaSchoolofEconomics,ZhejiangUniversity,38ZhedaRd.,Hangzhou310027,China
2、bSchoolofEconomics,ZhejiangUniversity,38ZhedaRd.,Hangzhou310027,ChinacSchoolofEconomics,FudanUniversity,600GuoquanRd.,Shanghai200433,ChinaarticleinfoabstractArticlehistory:China'sVATpilotprogrambeganinShanghaiandwasextendedtoeightprovincial-levelre-Received6July2016gionsin2012
3、.WedevelopasimplemodeltoexplorewhetherandhowtheVATpilotexpan-Receivedinrevisedform17January2017sionaffectscorporatetotaltaxburden.WefindthatitwillreducecorporatetotaltaxburdenofAccepted10February2017small-scaletaxpayers,whileforgeneraltaxpayers,totaltaxburdenchangeisuncertain.U
4、singAvailableonline12February2017uniquecompany-levelhalf-yearlypaneldataandgeneralsettingforDIDanalysisformultiplegroupsandmultipleperiods,wefindthattheaveragetreatmenteffectsoftheVATpilotexpan-Keywords:siononcorporatetotaltaxburdenofgeneraltaxpayersareinsignificantinthepooledsa
5、mple.VATpilotexpansionFurthermore,theVATprogramshowsnoheterogeneitybetweenthetransportationandmod-Corporatetotaltaxburdenernservicesindustries.However,wefindthatthepiloteffectvariesbydeductibleitems.InAsymmetricreformbonusparticular,thereductiontaxeffectisstrongerincompanieswit
6、hhigherintermediateinputrates,andthelargesteffectis60.4%.Theseresultsareconsistentwithourconceptualframework.©2017ElsevierInc.Allrightsreserved.1.IntroductionThesluggishdevelopmentofChina'sservicesindustryhasattractedconsiderableattention.AsshowninFig.1,theratioofaddedvalueoft
7、heservicessectortogrossdomesticproduct(GDP)hasremainedstagnantataround41.8%since2002.Onepop-ularexplanationforChina'sstagnantservicessectoristhatthesector'staxburden,especiallythemodernservicessector,isstilltooheavy(Pingetal.,2009;Ping,2011).Asaresult,theChinesegovernmenthasex
8、ertedextensiveefforttoimplementthevalue-addedtax(VAT)pilotexp