Research on Effect of Implicit Taxes on China’s Listed Companies
Xin Ling Zhang

Abstract
The extant research documents of implicit taxes mainly were in the developed countries and most has not addressed the potential impact of acts of government on the realization of implicit taxes. In this paper, a sample of Chinese listed companies 2001-2012 study found that implicit tax also exists in the Chinese market, that is to say, China's listed companies also bear the burden of hidden taxes. And in state-owned enterprises, which affected more by government ,this implicit tax burden is weakened, which means state-owned enterprises enjoy more preferential tax benefits. In addition, after the 2008 tax reform, China's listed companies implicit tax burden increased, indicating that the 2008 tax reform has provided China's listed companies a more fair and effective tax environment and competitive market.

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