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Published VersionCC BY-NC-ND V4.0, Open Access
Journal article
Value-added tax expansion reform and specialization in China: evidence from textual analysis
Journal of the Asia Pacific economy, Vol.30(3), pp.1177-1197
2025
Appears in UniSC Supported Open Access Outputs
Abstract
This paper investigates the impact of China’s value-added tax (VAT) expansion reform on specialization using data sourced from listed companies. Through an examination of changes in business scope and revenue, two significant findings emerge. First, certain companies extend their services beyond internal use, aiming to boost sales during the post-reform period. This expansion is evident in the changes observed in the business scope matrix. Second, certain service providers experience a significant revenue increase as they attract outsourced orders from manufacturers affected by the reform. The disaggregated analysis of the three sectors involved in the VAT expansion reform further substantiates these findings. Moreover, we rule out tax avoidance as a motive by evaluating actual changes in tax burden, as opposed to projected burdens. These findings have important policy implications for understanding the ramifications of VAT reform and the dynamics of specialization within the industry.
Details
- Title
- Value-added tax expansion reform and specialization in China: evidence from textual analysis
- Authors
- Yang Wang - Shanghai University of Political Science and LawWei Huang (Corresponding Author) - Shanghai Lixin University of Accounting and FinanceSajid Anwar (Corresponding Author) - University of the Sunshine Coast, Queensland, School of Business and Creative Industries
- Publication details
- Journal of the Asia Pacific economy, Vol.30(3), pp.1177-1197
- Publisher
- Routledge
- Date published
- 2025
- DOI
- 10.1080/13547860.2024.2370744
- ISSN
- 1469-9648; 1354-7860
- Copyright note
- © 2024 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group. This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way. The terms on which this article has been published allow the posting of the Accepted Manuscript in a repository by the author(s) or with their consent.
- Data Availability
- The data used in this study are available from the authors upon request.
- Grant note
- This study was supported by the (i) National Social Science Fund of China (Project No. 22BJL026) and (ii) Shanghai Philosophy and Social Science Planning Youth Project (2021EJB009), funded by the Shanghai Planning Office of Philosophy and Social Science.
- Organisation Unit
- School of Business and Creative Industries; Indigenous and Transcultural Research Centre
- Language
- English
- Record Identifier
- 991045098902621
- Output Type
- Journal article
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