工薪所得税筹划与薪酬激励效应研究

发布时间：2018-05-21 05:23

本文选题：个人所得税 + 税收筹划　；参考：《中南财经政法大学》2017年硕士论文

【摘要】：企业个人所得税纳税筹划可能影响工薪所得税数额与职工积极性进而影响薪酬的激励效应。本文基于前人薪酬激励效应的研究和中国特有的工薪所得税制度环境,在代理框架下探讨企业是否应该以及为何为职工进行工薪所得税的纳税筹划;薪酬个税的筹划对企业来讲是否可以提升薪酬激励效应,这种提升效应是否会受到诸如外部征税环境、个人所得税改革、公司内部治理和高管薪酬结构等因素的影响。本文利用中国分类征收和累进税制的个人所得税特征,使用在中国两个交易所主板上市的公司为研究样本,以企业为职工薪酬进行个人所得税的筹划对企业的职工薪酬业绩激励水平提高这一问题进行理论分析和数据检验。本文基于实务和文献中所归纳个税筹划的方法,利用上市公司年报中的薪酬与个税的数据构建了企业进行个税筹划的指标,包括年末是否有大额薪酬支付、非应税收入比例、年度内薪酬波动比例和企业税收政策激进程度等。本文利用这一指标识别企业帮助员工筹划和筹划个人所得税的程度,研究工薪所得的纳税筹划对薪酬激励效应的影响。本文研究发现:(1)上市公司帮助员工进行工薪个人所得税的筹划可以显著提高企业的职工薪酬的激励效应,进而提高企业财务业绩;(2)在外部的税收征管环境较强的情况下,企业所进行的个税筹划会更加显著提高企业个税筹划的职工薪酬激励效应;(3)2011年个人所得税进行了改革,实质上减轻了企业职工的个税压力从而抑制了个税筹划对薪酬激励效应的提高;(4)企业CEO和CFO的薪酬结构会影响工薪个人所得税筹划提高薪酬激励效应的水平,高权益薪酬会抑制个税筹划的激励效应;(5)在企业管理团队中,CEO比CFO对个税筹划对薪酬激励效应的提升更具影响力。最后,本文通过一系列稳健性检验和敏感性测试,证明以上结论的稳健。本文使用中国特有的个人所得税制度和薪酬披露制度,在公司层面进行有关工薪收入的个人所得税筹划研究,丰富了企业职工薪酬激励效应和税收筹划的文献。此外,本文提供直接证据表明个人所得税的筹划对薪酬激励效应有提升作用,对企业的税收政策制定有实际意义和政策含义。
[Abstract]:Personal income tax planning may affect the amount of income tax and the enthusiasm of employees, and then affect the incentive effect of salary. Based on the previous research on the incentive effect of salary and the special environment of wage income tax system in China, this paper discusses whether and why enterprises should plan for employees' income tax under the framework of agency. Whether the planning of salary tax can enhance the incentive effect of compensation to the enterprise, and whether this effect will be affected by such factors as external taxation environment, personal income tax reform, corporate internal governance and executive compensation structure, etc. This paper makes use of the individual income tax characteristics of China's classified and progressive taxation systems, and uses companies listed on the main boards of two Chinese exchanges as research samples. In this paper, the author makes a theoretical analysis and data test on the improvement of the performance incentive level of the employees' salary by the planning of individual income tax for the employees' salary. Based on the methods of personal tax planning summarized in practice and literature, this paper uses the data of salary and individual tax in annual report of listed companies to construct the index of individual tax planning for enterprises, including whether there are large salary payments at the end of the year and the proportion of non-taxable income. The annual salary fluctuation ratio and the enterprise tax policy radicalization degree and so on. This paper uses this index to identify the degree to which the enterprise helps employees to plan and plan individual income tax, and studies the influence of the tax planning of wage income on the incentive effect of salary. This paper finds that: 1) A listed company can significantly improve the incentive effect of employees' compensation by helping its employees plan their personal income tax, and thus improve the financial performance of enterprises. (2) under the circumstance of strong external tax collection and management environment, The personal income tax planning of enterprises will significantly improve the incentive effect of employees' salary in the enterprise's personal tax planning.) the personal income tax has been reformed in 2011. In fact, it alleviates the pressure of personal income tax on the employees and thus restrains the improvement of the incentive effect of individual income tax planning. (4) the salary structure of CEO and CFO will affect the level of salary incentive effect of individual income tax planning. High equity compensation will restrain the incentive effect of personal tax planning. (5) CEO has more influence on salary incentive effect than CFO on individual tax planning in enterprise management team. Finally, the robustness of the above conclusions is proved by a series of robustness tests and sensitivity tests. This paper makes use of the individual income tax system and salary disclosure system in China to carry out the research on personal income tax planning at the company level, which enriches the literature on the incentive effect of employees' compensation and tax planning. In addition, this paper provides direct evidence that the planning of individual income tax can enhance the incentive effect of salary, and has practical significance and policy meaning to the tax policy of enterprises.
【学位授予单位】：中南财经政法大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F812.42;F272.92

【相似文献】