پارس پروژه پرتال خدمات دانشگاهی
این مقاله علمی پژوهشی (ISI) به زبان انگلیسی از نشریه الزویر مربوط به سال ۲۰۲۱ دارای ۲۱ صفحه انگلیسی با فرمت PDF می باشد در ادامه این صفحه لینک دانلود رایگان مقاله انگلیسی و بخشی از ترجمه فارسی مقاله موجود می باشد.
کد محصول: H714
سال نشر: ۲۰۲۱
نام ناشر (پایگاه داده): الزویر
نام مجله: China Journal of Accounting Research
نوع مقاله: علمی پژوهشی (Research articles)
تعداد صفحه انگلیسی: ۲۱ صفحه PDF
عنوان کامل فارسی:
مقاله انگلیسی ۲۰۲۱ : هزینه های تعدیل تغییرات مالیات نهادی از دیدگاه قیمت گذاری حسابرسی: شواهد تجربی از اصلاحات مالیات بر ارزش افزوده
عنوان کامل انگلیسی:
Adjustment costs of institutional tax changes from the audit pricing perspective: Empirical evidence from the VAT reform
برای دانلود رایگان مقاله انگلیسی بر روی دکمه ذیل کلیک نمایید
وضعیت ترجمه: این مقاله تاکنون ترجمه نشده برای سفارش ترجمه ی مقاله بر روی دکمه ذیل کلیک نمایید (کد مقاله:H714)
مقالات مرتبط با این موضوع: برای مشاهده سایر مقالات مرتبط با این موضوع (با ترجمه و بدون ترجمه) بر روی دکمه ذیل کلیک نمایید
Abstract
Institutional changes inevitably impose adjustment costs on firms while also generating benefits. However, empirical evidence regarding the adjustment costs of institutional changes is limited, with much of the focus centered on benefits. Using data on China’s A-share listed companies from 2010 to 2018 and the nation’s staggered adoption of the ‘‘business tax to value-added tax reform” (hereafter, ‘‘VAT reform”) as a natural experiment, we examine the impact of this reform on a particular corporate cost: audit fees. We find audit fees to be 8.11% higher for VAT reform firms than for non-VAT reform firms. This difference does not exist before or after the reform year. That is, it is only observed in the year of VAT reform implementation. This indicates the existence of an adjustment cost specifically related to the VAT reform. Furthermore, we observe larger fee increases among firms audited by Big 4 international audit firms, firms that require more audit work, firms that are more complex, and firms with weak internal controls. From the audit pricing perspective, we provide evidence of the economic consequences of tax reform. The corporate adjustment costs that arise from institutional changes deserve more attention from decision-makers.
Keywords: Institutional changes, VAT reform, Audit pricing, Audit fees
۱.Introduction
In recent years, China’s ongoing market-oriented reforms have brought institutional changes and associated benefits. The pilot ‘‘business tax to value-added tax reform” (hereafter, ‘‘VAT reform”) launched during the 13th Five-Year Plan period is one of the most distinctive aspects of China’s tax reform. Following the expansion of the scope of value-added tax in 2009, the Ministry of Finance and the State Administration of Taxation decided to implement institutional VAT reform with approval from the State Council. The aim was to further reduce corporate tax burdens and optimize the value-added tax system. Since first being piloted in Shanghai’s transportation and modern service industries (hereafter, ‘‘۱ + ۶ industries”) in 2012, the VAT reform has been gradually adopted by other provinces and industries. The VAT reform policy has been fully implemented nationwide since 2016. It represents the significant decision to reduce corporate tax burdens, stimulate market vitality, promote industrial and consumption upgrades, and extend supplyside structural reforms. It directly changes the tax calculation method and also profoundly affects companies’ actual tax burdens (Wang and Li, 2014), investment in research and development (R&D; Li and Zhang, 2015), total factor productivity (Yuan et al., 2015), business scope (Chen and Wang, 2017), and various other business activities and governance behaviors…
۶.Conclusion
Using data on China’s A-share listed companies from 2010 to 2018 and the nation’s staggered adoption of the VAT reform as a natural experiment, we examine the impact of this reform on a particular corporate cost: audit fees. We find audit fees to be 8.11% higher for firms in their VAT reform implementation year than for firms that do not adopt the VAT reform. This effect does not exist before or after the reform year, which indicates the existence of an adjustment cost specifically related to the VAT reform. This fee increase is also greater for firms audited by the Big 4 international audit firms, firms that have a greater audit workload, firms that are more complex, and firms with weak internal controls. From the perspective of audit pricing, we provide evidence of the economic consequences of a tax reform. The corporate adjustment costs that arise from institutional changes warrant more attention from decision-making executives…
| مقالات مرتبط با این موضوع |