With the rapid development of China's economy in the fortieth anniversary of the great reform and opening up, the corresponding fiscal revenue is also growing rapidly. This has played an important role in the improvement of China's national strength, but in the debate on the "death tax rate" in 2016. China’s macro tax burden level and corporate competitiveness under high taxation have once again become the focus of social attention. In China, many well-known entrepreneurs have put forward the demand for “taxes and taxes are too heavy”. For a time, the voice of “tax burden is too heavy” is very rampant. On the international front, the Trump administration's tax cuts have also sparked a big discussion about China's tax competitiveness. In order to promote China's supply-side reform, adapt to the new normal of economic development, and enhance China's international tax competitiveness, since the "18th National Congress", the state has introduced a series of tax cuts and reductions in order to give the whole society more sense of gains. policy. For enterprises, with the continuous deepening and development of the tax reduction and tax reduction policy, enterprises have gained a better system and policy environment, which has helped the company achieve its profitability goal to a certain extent. However, in the international and domestic economic development situation, the company adapts to the development environment created by the state as soon as possible, and fully utilizes the policy of tax reduction and fee reduction, appropriately adjusts the investment strategy, financing strategy and dividend policy of the enterprise, and then obtains the enterprise. Considerable financial results. This paper mainly analyzes how China's tax reduction and fee reduction affects the net profit of the petrochemical industry, and combines the actual development of Yueyang Petrochemical Company to comprehensively discuss its financial profit quality, and then empirically test the tax incentives. Whether the policy has a significant impact on the net profit of Yueyang Petrochemical Company, I hope that the analysis of this paper can provide reference for relevant enterprises.
Keywords: petrochemical enterprises; tax reduction and fee reduction; net profit; tax burden theory
