摘要
在全球经济竞争日益激烈的背景下,各国政府纷纷出台减税政策以提高投资吸引力,促进投资与经济增长。通过选用外商直接投资和总投资作为衡量一国投资吸引力的指标,并基于1980-2016年157个国家的税收和经济数据构建面板数据模型,从更为宏观的全球税收政策变化视野分析减税对一国投资吸引力的影响,结果发现,减税对一国投资吸引力的影响因投资形式和税种的不同而不同,一方面,减税会显著影响一国的外商直接投资水平,但对国内总投资并不会形成显著影响;另一方面,从税种比较结果来看,货劳税税率对外商直接投资的负向影响显著,企业所得税税率对外商直接投资具有负向影响,只是统计结果未通过显著性检验。这表明,减税政策有助于保持一国对外商直接投资的吸引力,但若要提高国家的总投资水平,则需要考虑包括税收在内的更多因素,如GDP增长率与投资环境等。
In an increasingly competitive global economy,governments have introduced tax cuts policies to attract more foreign investment and to boost domestic investment.Based on the tax and economic data of 157 countries in 1980-2016,this paper constructs a panel data model and discusses the impact of tax cuts on the attractiveness of a country＇s investment from a more comprehensive perspective.The result shows that the impact of tax cuts on the attractiveness of a country＇s investment varies according to the form of investment and the categories of taxes.On the one hand,the tax cut will significantly affect the level of FDI in a country,but it will not have a significant impact on the total domestic investment.On the other hand,from the comparison of tax categories,the negative impact of commodity tax rate on foreign direct investment is significant.The corporation income tax rate also has a negative influence on foreign direct investment,but statistical results do not pass the significance test.This suggests that tax cuts help keep the country attractive to foreign direct investment,but if we want to improve the country＇s total investment level,we need to consider more factors including tax policy,GDP growth rate and investment environment.
出处
《四川师范大学学报（社会科学版）》
CSSCI
北大核心
2017年第6期54-61,共8页
Journal of Sichuan Normal University(Social Sciences Edition)
关键词
减税
国家投资吸引力
外商直接投资
总投资
tax-cut
the attractiveness of a country＇s investment
FDI
domestic investment
