Scholarlink

<p>We employ a regression discontinuity design (RDD) to examine the effect of halving income tax on the quality of export products among small and microenterprises, leveraging the preferential tax policy introduced in 2014 as a quasi-natural experiment. A 50% reduction in income tax has a significant positive impact on the quality of export products in this sector. A series of robustness checks—including nonparametric regressions around the cutoff, local polynomial estimations, and placebo tests—confirm the consistency of our results. Mechanism analysis suggests that the policy operates through two main channels: increased investment in fixed assets and greater input into R&amp;D. The study further finds that the quality-enhancing effect of the income tax halving policy is not universal across firms. The heterogeneity analysis shows that the effect is statistically significant for state-owned enterprises, industrial enterprises, and smaller firms, whereas it is insignificant for private enterprises, foreign-invested enterprises, non-industrial enterprises, and larger firms. These findings provide theoretical insights for optimizing future income tax policies to support small- and micro-exporters.</p>

错误：搜索内容不能为空，请输入英文关键词
错误：关键词超出字数限制，请精简
高级检索

Can halving income tax improve the quality of export products in small and micro enterprises?

  • 期刊论文

  • 发表日期：

    2026年7月14日

查看全文
  • Xiaohui Liu,
  • Tan Wang,
  • Mingyi Wang,
  • Xuena Geng

摘要

We employ a regression discontinuity design (RDD) to examine the effect of halving income tax on the quality of export products among small and microenterprises, leveraging the preferential tax policy introduced in 2014 as a quasi-natural experiment. A 50% reduction in income tax has a significant positive impact on the quality of export products in this sector. A series of robustness checks—including nonparametric regressions around the cutoff, local polynomial estimations, and placebo tests—confirm the consistency of our results. Mechanism analysis suggests that the policy operates through two main channels: increased investment in fixed assets and greater input into R&D. The study further finds that the quality-enhancing effect of the income tax halving policy is not universal across firms. The heterogeneity analysis shows that the effect is statistically significant for state-owned enterprises, industrial enterprises, and smaller firms, whereas it is insignificant for private enterprises, foreign-invested enterprises, non-industrial enterprises, and larger firms. These findings provide theoretical insights for optimizing future income tax policies to support small- and micro-exporters.