The invisible corporate tax reduction: Evidence from new industrialization

Meiying Huang, Yimeng Yuan, Yi Zhang and Yongjian Huang

Finance Research Letters, 2025, vol. 83, issue C

Abstract: This study examines the impact of new industrialization on corporate tax burdens. Based on data of Chinese listed firms from 2008 to 2022, we find that new industrialization significantly reduces firms’ tax burdens by enhancing information transparency and improving supply chain efficiency. The effect is more pronounced among state-owned enterprises, firms with lower financial constraints, and those operating in high-tech, heavy-polluting, and capital-intensive industries.

Keywords: New industrialization; Corporate tax burdens; Staggered difference-in-differences (DID) (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:83:y:2025:i:c:s1544612325010086

DOI: 10.1016/j.frl.2025.107750

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