From Jan. 1st, 2009, the value-added tax transformation will be performed in all industries around the country. Based on value-added tax types and retrospection of reform practices, this article analyzes the backgroun...From Jan. 1st, 2009, the value-added tax transformation will be performed in all industries around the country. Based on value-added tax types and retrospection of reform practices, this article analyzes the background of the national value-added tax transformation and points out the influence of full implementation of the value-added tax transformation on various enterprises.展开更多
This paper deals with the approach to imposing value-added tax （VAT） on financial transactions. The VAT is a highly harmonized consumption tax within the European Union （EU）. VAT operational rules have been set do...This paper deals with the approach to imposing value-added tax （VAT） on financial transactions. The VAT is a highly harmonized consumption tax within the European Union （EU）. VAT operational rules have been set down by the relevant directive of the Council of the EU. Under the directive, it is possible to select either exemption or taxation of financial transactions. Only the first option is permitted in the Czech Republic. Pros and cons of both models are described, in particular, the problems with determining the difference between financial transactions and other similar performance that must always be subject to tax. Potential lower VAT revenue or tax base assessment, as appropriate, seems to be crucial in the case of the taxation of financial transactions.展开更多
The promotion of both market fairness and efficiency has long been a goal of securities market regulators worldwide.Accelerated digital disruption and abusive trading behaviors,such as the GameStop mania,prompt regula...The promotion of both market fairness and efficiency has long been a goal of securities market regulators worldwide.Accelerated digital disruption and abusive trading behaviors,such as the GameStop mania,prompt regulatory changes.It is unclear how this“democratization”of trading power affects market fairness as economies cope with pandemic-driven shifts in basic systems.Excessive speculation and market manipulation undermine the quality of financial markets in the sense that they cause volatil-ity and increase the pain of bubble and crash events.Thereby,they weaken public confidence in financial markets to fulfill their roles in proper capital allocation to irrigate the real economy and generate value for society.While previous studies have mostly focused on market efficiency,our study proposes a tool to improve market fairness,even under periods of stress.To encourage value generation and improve market quality,we advance a graduated Non-Value-Added Tax that we implement in an agent-based model that can realistically capture the properties of real-world financial markets.A profitable transaction is taxed at a higher rate if it does not enhance the efficiency measured by deviation from fundamentals.When an agent locks in profit not supported by fundamentals but driven by trend-following strategies,the generated profit is taxed at various rates under the Non-Value-Added Tax regime.Unlike existing financial transaction taxes,the non-value-added tax is levied on profit rather than on price or volume.We show that the proposed tax encourages profitable trades that add value to the market and discourages valueless profit-making.It significantly curtails volatility and prevents the occurrence of extreme market events,such as bubbles and crashes.展开更多
China's value-added tax reform is crucial to promoting national economic growth, deepening economic structure, reducing corporate taxes and improving corporate investment. Complex construction tax effectively prom...China's value-added tax reform is crucial to promoting national economic growth, deepening economic structure, reducing corporate taxes and improving corporate investment. Complex construction tax effectively promotes basic management functions of construction enterprises. However, the production environment and industrial characteristics of construction enterprises have special characteristics, such as large-scale construction projects, cycle time, multi-regional operations, decentralized management and mobility, numerous and complex production chains, upstream industry turbulence and unregulated regulations. In addition, the VAT system is characterized by strict regulations, voting and chain barriers, which make it difficult for construction enterprises to manage the tax risks in financial management. Over the past two years, many enterprises have continuously increased their tax revenue, indicating that financial management has not fully realized the tax risk associated with "increased inventories" and has strengthened its management. The following describes the risks of various tax payment components in the financial management of construction enterprises after the "replace business tax with value-added tax" and the corresponding management.展开更多
In order to further optimize and perfect the tax system and make it play a greater role in the economic transformation, China introduced the policy of "replacing business tax with value-added tax" in 2012. T...In order to further optimize and perfect the tax system and make it play a greater role in the economic transformation, China introduced the policy of "replacing business tax with value-added tax" in 2012. The influence of all walks of life on the society, the construction cost of construction enterprises is naturally no exception. Based on this, this paper attempts to take the construction cost of construction enterprises as the research object to study and discuss how to carry out the construction cost of construction enterprises after replacing the business tax with a value-added tax, and puts forward specific measures for reference.展开更多
The restaurant is traditional industry of the third industry in our country. Since May 1 in this year, China＇s Restaurant Industry to implement ＂replace the business tax with value-added tax＂ policy and change to p...The restaurant is traditional industry of the third industry in our country. Since May 1 in this year, China＇s Restaurant Industry to implement ＂replace the business tax with value-added tax＂ policy and change to pay VAT. This paper analyzed the possible impact on restaurant industry after the＂ replace the business tax with value-added tax＂ based on the understanding of the tax theory of＂ replace the business tax with value-added tax＂ and the tax compliance in our country. At the same time, this paper used the statistical analysis of data on the investigation of 100 samples of the VAT cognitive degree on ＂replace the business tax with value-added tax＂, using principal component analysis method to analyze and evaluate factors on the awareness of the restaurant owner to ＂replace the business tax with value-added tax＂ tax policy. After multiple comparison made on the sample data, this paper summarized and analyzed the countermeasures of improving the pushing effect in restaurant industry ＂replace the business tax with VAT ＂.展开更多
The"replacement of business tax by VAT reform"(hereby refer to as"VAT reform"for short)is a newly promulgated and implemented tax policy,and its impact on various industries in China is very differ...The"replacement of business tax by VAT reform"(hereby refer to as"VAT reform"for short)is a newly promulgated and implemented tax policy,and its impact on various industries in China is very different,and the highway project industry is no exception.The implementation of the"VAT reform"will not only have a positive impact on the cost of highway projects,but will also have some negative impacts.For this reason,highway project construction corporates must actively respond.The author explores and analyzes the positive and negative effects of the"VAT reform"on the cost of highway projects,and proposes a reform strategy for highway project cost work under the background of the"VAT reform",in hope of helping with bringing out the intrinsic value of highway project cost management work.展开更多
Corporate social responsibility(CSR)plays a vital role in advancing sustainable development.This study used China's 2018 value-added tax(VAT)rate reduction reform as a quasi-natural experiment to examine how indir...Corporate social responsibility(CSR)plays a vital role in advancing sustainable development.This study used China's 2018 value-added tax(VAT)rate reduction reform as a quasi-natural experiment to examine how indirect tax adjustments influence CSR performance.The results indicated that decreased VAT rates enhanced CSR performance by improving corporate cash flow,increasing corporate profits,and alleviating managerial myopia(short-term decision making).The first two channels relaxed internal resource constraints,while the latter enhanced management's willingness to engage in long-term,socially responsible investments.Further analysis showed that these positive effects were mainly evident in enterprises with weaker market power,higher levels of corporate governance,and those subject to stringent environmental regulations.This study enriches the literature on taxation and CSR,demonstrating that fiscal policy tools,such as VAT rate reduction,can act as effective levers to encourage sustainable corporate practices and align business growth with social objectives.展开更多
The electromagnetic wave absorption of silicon carbide nanowires is improved by their uniform and diverse cross-structures.This study introduces a sustainable and high value-added method for synthesizing silicon carbi...The electromagnetic wave absorption of silicon carbide nanowires is improved by their uniform and diverse cross-structures.This study introduces a sustainable and high value-added method for synthesizing silicon carbide nanowires using lignite and waste silicon powder as raw materials through carbothermal reduction.The staggered structure of nanowires promotes the creation of interfacial polarization,impedance matching,and multiple loss mechanisms,leading to enhanced electromagnetic absorption performance.The silicon carbide nanowires demonstrate outstanding electromagnetic absorption capabilities with the minimum reflection loss of-48.09 d B at10.08 GHz and an effective absorption bandwidth(the reflection loss less than-10 d B)ranging from 8.54 to 16.68 GHz with a thickness of 2.17 mm.This research presents an innovative approach for utilizing solid waste in an environmentally friendly manner to produce broadband silicon carbide composite absorbers.展开更多
Value-added Tax(VAT),a turnover tax levied on the value appreciated in commodities production,circulation and sale,has been widely practiced by economies worldwide for its neutrality.From the international perspective...Value-added Tax(VAT),a turnover tax levied on the value appreciated in commodities production,circulation and sale,has been widely practiced by economies worldwide for its neutrality.From the international perspective,European Union VAT and New Zealand VAT stand out as characteristic models of VAT development and reform history.With changing economic development models and the growth of e-commerce businesses,VAT systems have been upgraded to meet taxation challenges brought about by the digital economy.Recently,VAT policies and measures have been introduced particularly to combat the COVID-19 impact.In China,the VAT system has been reformed constantly over the past 40 years and has been converging with international practice.China now needs to address emerging VAT issues through legislation,tax incentives,and tax-rate grades so as to meet challenges in VAT collection and management and to suit the“new normal”of economic development.展开更多
The value-added tax(VAT)in China is levied and allocated based on the origin principle.Under the background of the increasing substitution of online retail for traditional offline retail,this mechanism will exacerbate...The value-added tax(VAT)in China is levied and allocated based on the origin principle.Under the background of the increasing substitution of online retail for traditional offline retail,this mechanism will exacerbate the disparity of regional tax revenue,and intensify tax competition among local governments.Therefore,reconsidering the allocation mechanism of value-added tax in China can be an important policy decision,and it is influenced by various economic and social factors.Firstly,we utilize large-scale retail transaction data from an e-commerce platform to measure regional disparities in retail and consumption among different regions and then reveals present tax policy results in revenue imbalance in different regions.Secondly,we establish a model based on game theory to illustrate how the origin principle leads to fierce tax competition among regions.Furthermore,by establishing and solving tax allocation models between local governments and the central government,this study simulates and calculates the degree of revenue imbalance under different scenarios and attempts to propose policy measures.The results indicate that implementing the destination principle will reduce regional tax imbalances.Moreover,adjusting the allocation ratio between the central government and local governments based on city levels is advantageous for further reducing regional tax revenue disparities.展开更多
China's 2004 value-added tax(VAT)pilot reform in the Northeast region,which changed the VAT from production type to consumption type,introduced a sizable tax credit for fixed investment in manufacturing industries...China's 2004 value-added tax(VAT)pilot reform in the Northeast region,which changed the VAT from production type to consumption type,introduced a sizable tax credit for fixed investment in manufacturing industries,leading to more investment and higher productivity at firm level.This paper,however,uses difference-in-difference estimation and finds a negative structural effect;that is,the VAT pilot reform leads to a reduction in the export sophistication of Northeast cities relative to other cities in China,and the results hold for a battery of robustness checks.It is found that resources are reallocated towards less-sophisticated industries.As the products with higher export sophistication are more skill and research and development(R&D)intensive,the shortfalls of skilled labor and R&D spending hinder the upgrading process.With a new round of revitalization plans in the Northeast,policymakers should be cautious with similar structural effects and focus on increasing skilled labor supply and R&D investment.展开更多
Based on the educational evaluation reform,this study explores the construction of an evidence-based value-added evaluation system based on data-driven,aiming to solve the limitations of traditional evaluation methods...Based on the educational evaluation reform,this study explores the construction of an evidence-based value-added evaluation system based on data-driven,aiming to solve the limitations of traditional evaluation methods.The research adopts the method of combining theoretical analysis and practical application,and designs the evidence-based value-added evaluation framework,which includes the core elements of a multi-source heterogeneous data acquisition and processing system,a value-added evaluation agent based on a large model,and an evaluation implementation and application mechanism.Through empirical research verification,the evaluation system has remarkable effects in improving learning participation,promoting ability development,and supporting teaching decision-making,and provides a theoretical reference and practical path for educational evaluation reform in the new era.The research shows that the evidence-based value-added evaluation system based on data-driven can reflect students’actual progress more fairly and objectively by accurately measuring the difference in starting point and development range of students,and provide strong support for the realization of high-quality education development.展开更多
This paper uses China's value-added tax(VAT)rate reform as a quasi-natural experiment to identify the impacts of VAT rate shocks on corporate financial leverage.The results indicate that the reform reduced corpora...This paper uses China's value-added tax(VAT)rate reform as a quasi-natural experiment to identify the impacts of VAT rate shocks on corporate financial leverage.The results indicate that the reform reduced corporate total leverage significantly.There was a decrease in short-term leverage,but long-term leverage showed no significant change.These results remained robust across a series of robustness checks.Mechanism analysis shows that increasing profitability and improving cash flows acted as intermediary channels for the reform's impact on leverage.The reform also contributed to the mitigation of the asset–liability mismatch problem and the reduction of debt risk,while having no apparent impact on corporate investments.Finally,enterprises with more elastic demand and those with lower intermediate input ratios were affected most by the deleveraging effect of the VAT rate reform.This study suggests how the VAT rate cut shaped corporate capital structure.It thus helps to explain the economic consequences of VAT rate shocks.展开更多
Value-added evaluation focuses on individual student growth by tracking changes in academic performance,skills,literacy,etc.,at different time points.It weakens horizontal comparisons and emphasizes vertical progress ...Value-added evaluation focuses on individual student growth by tracking changes in academic performance,skills,literacy,etc.,at different time points.It weakens horizontal comparisons and emphasizes vertical progress to more fairly reflect educational effectiveness.This evaluation method is particularly suitable for vocational education,effectively motivating students’learning enthusiasm and enhancing their self-confidence.Foreign research is represented by the Tennessee Value-Added Assessment System(TVAAS),widely used in evaluating school quality and teacher performance.Domestic research currently focuses on the theoretical construction,model establishment,optimization,and practical application of value-added evaluation,still facing significant challenges in data collection comprehensiveness and model adaptability.Aiming at current issues,this study focuses on exploring the application of artificial intelligence large models in student value-added evaluation from an evidence-based perspective,committed to constructing an innovative evidence-based value-added evaluation system.It aims to achieve precise assessment of students’learning effect“net value-added”through multi-source data collection,intelligent analysis,and personalized feedback.The system integrates outcome evaluation,process evaluation,value-added evaluation,and comprehensive evaluation to form a“four-in-one”dynamic evaluation framework,considering students’starting points,process performance,and final achievements.In the future,value-added evaluation needs to further expand the assessment of non-academic dimensions(such as professional literacy and social-emotional skills)and explore the application of non-linear models to promote the deepening and innovation of educational evaluation reform.展开更多
As the enlightenment stage of students’Chinese learning,primary school Chinese education plays a key role in cultivating students’language ability,thinking development,and humanistic literacy.Value-added evaluation,...As the enlightenment stage of students’Chinese learning,primary school Chinese education plays a key role in cultivating students’language ability,thinking development,and humanistic literacy.Value-added evaluation,as an evaluation method that focuses on the changes in students’individual development and attaches importance to the learning process,has gradually attracted attention in the application of primary school Chinese education.This paper first analyzes the problems existing in the current implementation of value-added evaluation in primary school Chinese,and then explores the countermeasures to improve the effectiveness of value-added evaluation in primary school Chinese from the aspects of evaluation concept,evaluation content,evaluation method,evaluation subject,and application of evaluation results.The purpose is to provide strong support for the improvement of primary school Chinese teaching quality and the all-round development of students.展开更多
Maize value-added products play a crucial role in reducing post-harvest losses, enhancing food security, and generating income. While extensive research has focused on maize production in Cameroon, the exploration of ...Maize value-added products play a crucial role in reducing post-harvest losses, enhancing food security, and generating income. While extensive research has focused on maize production in Cameroon, the exploration of its value-added products and their profitability in the North-West Region remains underexplored. This study examined the profitability of maize value-added products in Mezam Division, with the objectives to: 1) identify various maize-based products, 2) assess the diversity of these products, 3) conduct a cost-benefit analysis of selected products, 4) examine the relationship between profitability and product diversity, and 5) identify key constraints impacting profitability. To achieve these objectives, structured questionnaires were administered to 500 small-scale maize entrepreneurs randomly selected from five subdivisions. Descriptive statistics were used to analyze objective 1 and 5, while the Shannon Diversity Index was employed to assess product diversity. Additionally, a cost-benefit analysis was conducted on four selected products namely pap, parched corn, peeled parboiled corn, and corn beer, and a correlation analysis was used to examine objective 4. In total, 13 maize value-added products were identified, with a diversity index of 4.4. The total cost of processing the four selected products per entrepreneur using 18 kg of maize per product was FCFA 83631.5 (US $132.75), while the total revenue was FCFA 121864.5 (US $193.43), resulting in an economic profit of FCFA 38,233 (US $60.69). Pap emerged as the most profitable product, with an economic profit of FCFA 27,875 (US $44.24), while corn beer was the least profitable, with an economic profit of FCFA 2133.46 (US $3.39). The correlation analysis revealed a strong negative relationship between product diversity and profitability (r = −0.91), indicating that entrepreneurs can maximize profitability by focusing on a few high-demand products like pap and parched corn. Key constraints to profitability included fluctuating market prices, high production costs, limited access to finance, and inadequate storage facilities. Despite these challenges, our findings indicate that maize value addition is profitable in Mezam Division. Entrepreneurs can leverage this data for informed decision-making and future investments. It is recommended that the government promote maize value addition and provide financial support for modern processing equipment to boost profitability and income generation.展开更多
Electrochemical synthesis of value-added chemicals represents a promising approach to address multidisciplinary demands.This technology establishes direct pathways for electricity-to-chemical conversion while signific...Electrochemical synthesis of value-added chemicals represents a promising approach to address multidisciplinary demands.This technology establishes direct pathways for electricity-to-chemical conversion while significantly reducing the carbon footprint of chemical manufacturing.It simultaneously optimizes chemical energy storage and grid management,offering sustainable solutions for renewable energy utilization and overcoming geographical constraints in energy distribution.As a critical nexus between renewable energy and green chemistry,electrochemical synthesis serves dual roles in energy transformation and chemical production,emerging as a vital component in developing carbon-neutral circular economies.Focusing on key small molecules(H_(2)O,CO_(2),N_(2),O_(2)),this comment examines fundamental scientific challenges and practical barriers in electrocatalytic conversion processes,bridging laboratory innovations with industrial-scale implementation.展开更多
International trade research has long sought to investigate how manufacturers can upgrade within global value chains and escape the“low-end trap”.This paper examines how collaborative innovation can facilitate this ...International trade research has long sought to investigate how manufacturers can upgrade within global value chains and escape the“low-end trap”.This paper examines how collaborative innovation can facilitate this ascent,using an undirected weighted network of joint patent applications and firm-level data.By analyzing the network’s structural characteristics and its evolution,we explore the mechanisms through which collaboration drives the rise of manufacturing enterprises within global value chains.Our findings show that:(1)China’s rapidly expanding collaborative innovation network features a distinct“core-periphery”structure,with leading firms,universities,and government research institutions at its center.(2)By strengthening market power and enabling firms to take on more advanced production,collaborative innovation contributes to a higher domestic value-added rate in exports.(3)Heterogeneity analysis reveals that the impact of collaborative innovation on moving up the value chain is particularly evident for firms with strong production and technology absorption capabilities,those positioned lower in the value chain,and those facing fewer trade barriers.展开更多
In the context of urban-rural integration development in China,the distribution of value-added income of rural land collective ownership is related to the protection of farmers rights and interests and the specific im...In the context of urban-rural integration development in China,the distribution of value-added income of rural land collective ownership is related to the protection of farmers rights and interests and the specific implementation of rural revitalization strategy.Based on the entry of rural collectively-owned construction land into the market and the compensation system for land expropriation,this paper discusses in detail the distribution of value-added income of rural land collective ownership,analyzes the current situation,existing problems and causes of the current distribution mechanism,and puts forward countermeasures and suggestions for optimizing the distribution mechanism.Through literature research and case analysis,this paper reveals the unfair phenomenon in the distribution of value-added income of rural land,and discusses the roles and responsibilities of government,collective organizations and individual farmers in the distribution of income.The results show that establishing a fair and reasonable income distribution mechanism,strengthening the construction of laws and regulations,improving farmers participation and protecting their rights and interests are the key to optimizing the distribution of rural land value-added income.In addition,it is expected that this paper will provide some theoretical basis and practical guidance for improving the distribution mechanism of value-added income of rural land collective ownership.展开更多
文摘From Jan. 1st, 2009, the value-added tax transformation will be performed in all industries around the country. Based on value-added tax types and retrospection of reform practices, this article analyzes the background of the national value-added tax transformation and points out the influence of full implementation of the value-added tax transformation on various enterprises.
文摘This paper deals with the approach to imposing value-added tax （VAT） on financial transactions. The VAT is a highly harmonized consumption tax within the European Union （EU）. VAT operational rules have been set down by the relevant directive of the Council of the EU. Under the directive, it is possible to select either exemption or taxation of financial transactions. Only the first option is permitted in the Czech Republic. Pros and cons of both models are described, in particular, the problems with determining the difference between financial transactions and other similar performance that must always be subject to tax. Potential lower VAT revenue or tax base assessment, as appropriate, seems to be crucial in the case of the taxation of financial transactions.
文摘The promotion of both market fairness and efficiency has long been a goal of securities market regulators worldwide.Accelerated digital disruption and abusive trading behaviors,such as the GameStop mania,prompt regulatory changes.It is unclear how this“democratization”of trading power affects market fairness as economies cope with pandemic-driven shifts in basic systems.Excessive speculation and market manipulation undermine the quality of financial markets in the sense that they cause volatil-ity and increase the pain of bubble and crash events.Thereby,they weaken public confidence in financial markets to fulfill their roles in proper capital allocation to irrigate the real economy and generate value for society.While previous studies have mostly focused on market efficiency,our study proposes a tool to improve market fairness,even under periods of stress.To encourage value generation and improve market quality,we advance a graduated Non-Value-Added Tax that we implement in an agent-based model that can realistically capture the properties of real-world financial markets.A profitable transaction is taxed at a higher rate if it does not enhance the efficiency measured by deviation from fundamentals.When an agent locks in profit not supported by fundamentals but driven by trend-following strategies,the generated profit is taxed at various rates under the Non-Value-Added Tax regime.Unlike existing financial transaction taxes,the non-value-added tax is levied on profit rather than on price or volume.We show that the proposed tax encourages profitable trades that add value to the market and discourages valueless profit-making.It significantly curtails volatility and prevents the occurrence of extreme market events,such as bubbles and crashes.
文摘China's value-added tax reform is crucial to promoting national economic growth, deepening economic structure, reducing corporate taxes and improving corporate investment. Complex construction tax effectively promotes basic management functions of construction enterprises. However, the production environment and industrial characteristics of construction enterprises have special characteristics, such as large-scale construction projects, cycle time, multi-regional operations, decentralized management and mobility, numerous and complex production chains, upstream industry turbulence and unregulated regulations. In addition, the VAT system is characterized by strict regulations, voting and chain barriers, which make it difficult for construction enterprises to manage the tax risks in financial management. Over the past two years, many enterprises have continuously increased their tax revenue, indicating that financial management has not fully realized the tax risk associated with "increased inventories" and has strengthened its management. The following describes the risks of various tax payment components in the financial management of construction enterprises after the "replace business tax with value-added tax" and the corresponding management.
文摘In order to further optimize and perfect the tax system and make it play a greater role in the economic transformation, China introduced the policy of "replacing business tax with value-added tax" in 2012. The influence of all walks of life on the society, the construction cost of construction enterprises is naturally no exception. Based on this, this paper attempts to take the construction cost of construction enterprises as the research object to study and discuss how to carry out the construction cost of construction enterprises after replacing the business tax with a value-added tax, and puts forward specific measures for reference.
文摘The restaurant is traditional industry of the third industry in our country. Since May 1 in this year, China＇s Restaurant Industry to implement ＂replace the business tax with value-added tax＂ policy and change to pay VAT. This paper analyzed the possible impact on restaurant industry after the＂ replace the business tax with value-added tax＂ based on the understanding of the tax theory of＂ replace the business tax with value-added tax＂ and the tax compliance in our country. At the same time, this paper used the statistical analysis of data on the investigation of 100 samples of the VAT cognitive degree on ＂replace the business tax with value-added tax＂, using principal component analysis method to analyze and evaluate factors on the awareness of the restaurant owner to ＂replace the business tax with value-added tax＂ tax policy. After multiple comparison made on the sample data, this paper summarized and analyzed the countermeasures of improving the pushing effect in restaurant industry ＂replace the business tax with VAT ＂.
文摘The"replacement of business tax by VAT reform"(hereby refer to as"VAT reform"for short)is a newly promulgated and implemented tax policy,and its impact on various industries in China is very different,and the highway project industry is no exception.The implementation of the"VAT reform"will not only have a positive impact on the cost of highway projects,but will also have some negative impacts.For this reason,highway project construction corporates must actively respond.The author explores and analyzes the positive and negative effects of the"VAT reform"on the cost of highway projects,and proposes a reform strategy for highway project cost work under the background of the"VAT reform",in hope of helping with bringing out the intrinsic value of highway project cost management work.
基金supported by Zhejiang Province's Project of Social Science Empowering High-quality Development for Mountainous,Island,and Coastal Counties,the National Social Science Fund Youth Project(No.25CJY179)the Fund of the Center for Research on China Open Economy at Zhejiang University(No.COE2025-001).
文摘Corporate social responsibility(CSR)plays a vital role in advancing sustainable development.This study used China's 2018 value-added tax(VAT)rate reduction reform as a quasi-natural experiment to examine how indirect tax adjustments influence CSR performance.The results indicated that decreased VAT rates enhanced CSR performance by improving corporate cash flow,increasing corporate profits,and alleviating managerial myopia(short-term decision making).The first two channels relaxed internal resource constraints,while the latter enhanced management's willingness to engage in long-term,socially responsible investments.Further analysis showed that these positive effects were mainly evident in enterprises with weaker market power,higher levels of corporate governance,and those subject to stringent environmental regulations.This study enriches the literature on taxation and CSR,demonstrating that fiscal policy tools,such as VAT rate reduction,can act as effective levers to encourage sustainable corporate practices and align business growth with social objectives.
基金supported by the National Natural Science Foundation of China(No.52436008)the Inner Mongolia Science and Technology Projects,China(Nos.JMRHZX20210003 and 2023YFCY0009)+3 种基金the Huaneng Group Co Ltd.,China(No.HNKJ23-H50)the National Natural Science Foundation of China(No.22408044)the China Postdoctoral Science Foundation(No.2024M761877)the National Key R&D Program of China(No.SQ2024YFD2200039)。
文摘The electromagnetic wave absorption of silicon carbide nanowires is improved by their uniform and diverse cross-structures.This study introduces a sustainable and high value-added method for synthesizing silicon carbide nanowires using lignite and waste silicon powder as raw materials through carbothermal reduction.The staggered structure of nanowires promotes the creation of interfacial polarization,impedance matching,and multiple loss mechanisms,leading to enhanced electromagnetic absorption performance.The silicon carbide nanowires demonstrate outstanding electromagnetic absorption capabilities with the minimum reflection loss of-48.09 d B at10.08 GHz and an effective absorption bandwidth(the reflection loss less than-10 d B)ranging from 8.54 to 16.68 GHz with a thickness of 2.17 mm.This research presents an innovative approach for utilizing solid waste in an environmentally friendly manner to produce broadband silicon carbide composite absorbers.
文摘Value-added Tax(VAT),a turnover tax levied on the value appreciated in commodities production,circulation and sale,has been widely practiced by economies worldwide for its neutrality.From the international perspective,European Union VAT and New Zealand VAT stand out as characteristic models of VAT development and reform history.With changing economic development models and the growth of e-commerce businesses,VAT systems have been upgraded to meet taxation challenges brought about by the digital economy.Recently,VAT policies and measures have been introduced particularly to combat the COVID-19 impact.In China,the VAT system has been reformed constantly over the past 40 years and has been converging with international practice.China now needs to address emerging VAT issues through legislation,tax incentives,and tax-rate grades so as to meet challenges in VAT collection and management and to suit the“new normal”of economic development.
基金supported by the National Social Science Fund for Post-Funding Projects of China(No.22FGLB056)Program for Innovation Research in Central University of Finance and Economics,and National Statistical Science Foundation of China(No.2023LY078).
文摘The value-added tax(VAT)in China is levied and allocated based on the origin principle.Under the background of the increasing substitution of online retail for traditional offline retail,this mechanism will exacerbate the disparity of regional tax revenue,and intensify tax competition among local governments.Therefore,reconsidering the allocation mechanism of value-added tax in China can be an important policy decision,and it is influenced by various economic and social factors.Firstly,we utilize large-scale retail transaction data from an e-commerce platform to measure regional disparities in retail and consumption among different regions and then reveals present tax policy results in revenue imbalance in different regions.Secondly,we establish a model based on game theory to illustrate how the origin principle leads to fierce tax competition among regions.Furthermore,by establishing and solving tax allocation models between local governments and the central government,this study simulates and calculates the degree of revenue imbalance under different scenarios and attempts to propose policy measures.The results indicate that implementing the destination principle will reduce regional tax imbalances.Moreover,adjusting the allocation ratio between the central government and local governments based on city levels is advantageous for further reducing regional tax revenue disparities.
基金supported by the National Natural Science Foundation of China(Nos.71803159,71703130)Ministry of Education Project of Humanities and Social Sciences(No.19YJC790061)the Fundamental Research Funds for the Central Universities(No.JBK2007086).
文摘China's 2004 value-added tax(VAT)pilot reform in the Northeast region,which changed the VAT from production type to consumption type,introduced a sizable tax credit for fixed investment in manufacturing industries,leading to more investment and higher productivity at firm level.This paper,however,uses difference-in-difference estimation and finds a negative structural effect;that is,the VAT pilot reform leads to a reduction in the export sophistication of Northeast cities relative to other cities in China,and the results hold for a battery of robustness checks.It is found that resources are reallocated towards less-sophisticated industries.As the products with higher export sophistication are more skill and research and development(R&D)intensive,the shortfalls of skilled labor and R&D spending hinder the upgrading process.With a new round of revitalization plans in the Northeast,policymakers should be cautious with similar structural effects and focus on increasing skilled labor supply and R&D investment.
基金This paper is the research result of“Research on Innovation of Evidence-Based Teaching Paradigm in Vocational Education under the Background of New Quality Productivity”(2024JXQ176)the Shandong Province Artificial Intelligence Education Research Project(SDDJ202501035),which explores the application of artificial intelligence big models in student value-added evaluation from an evidence-based perspective。
文摘Based on the educational evaluation reform,this study explores the construction of an evidence-based value-added evaluation system based on data-driven,aiming to solve the limitations of traditional evaluation methods.The research adopts the method of combining theoretical analysis and practical application,and designs the evidence-based value-added evaluation framework,which includes the core elements of a multi-source heterogeneous data acquisition and processing system,a value-added evaluation agent based on a large model,and an evaluation implementation and application mechanism.Through empirical research verification,the evaluation system has remarkable effects in improving learning participation,promoting ability development,and supporting teaching decision-making,and provides a theoretical reference and practical path for educational evaluation reform in the new era.The research shows that the evidence-based value-added evaluation system based on data-driven can reflect students’actual progress more fairly and objectively by accurately measuring the difference in starting point and development range of students,and provide strong support for the realization of high-quality education development.
基金All authors contributed equally.The authors thank the reviewers for their valuable comments and acknowledge the generous support from the Fundamental Research Funds for the Central Universities of China.
文摘This paper uses China's value-added tax(VAT)rate reform as a quasi-natural experiment to identify the impacts of VAT rate shocks on corporate financial leverage.The results indicate that the reform reduced corporate total leverage significantly.There was a decrease in short-term leverage,but long-term leverage showed no significant change.These results remained robust across a series of robustness checks.Mechanism analysis shows that increasing profitability and improving cash flows acted as intermediary channels for the reform's impact on leverage.The reform also contributed to the mitigation of the asset–liability mismatch problem and the reduction of debt risk,while having no apparent impact on corporate investments.Finally,enterprises with more elastic demand and those with lower intermediate input ratios were affected most by the deleveraging effect of the VAT rate reform.This study suggests how the VAT rate cut shaped corporate capital structure.It thus helps to explain the economic consequences of VAT rate shocks.
基金Artificial Intelligence Education Research Project of Shandong Provincial Audio-Visual Education Center“Exploration of the Application of Large-scale AI Models in Student Value-added Evaluation from an Evidence-based Perspective”(SDDJ202501035)。
文摘Value-added evaluation focuses on individual student growth by tracking changes in academic performance,skills,literacy,etc.,at different time points.It weakens horizontal comparisons and emphasizes vertical progress to more fairly reflect educational effectiveness.This evaluation method is particularly suitable for vocational education,effectively motivating students’learning enthusiasm and enhancing their self-confidence.Foreign research is represented by the Tennessee Value-Added Assessment System(TVAAS),widely used in evaluating school quality and teacher performance.Domestic research currently focuses on the theoretical construction,model establishment,optimization,and practical application of value-added evaluation,still facing significant challenges in data collection comprehensiveness and model adaptability.Aiming at current issues,this study focuses on exploring the application of artificial intelligence large models in student value-added evaluation from an evidence-based perspective,committed to constructing an innovative evidence-based value-added evaluation system.It aims to achieve precise assessment of students’learning effect“net value-added”through multi-source data collection,intelligent analysis,and personalized feedback.The system integrates outcome evaluation,process evaluation,value-added evaluation,and comprehensive evaluation to form a“four-in-one”dynamic evaluation framework,considering students’starting points,process performance,and final achievements.In the future,value-added evaluation needs to further expand the assessment of non-academic dimensions(such as professional literacy and social-emotional skills)and explore the application of non-linear models to promote the deepening and innovation of educational evaluation reform.
基金Shandong Provincial Education and Teaching Research Topic“Research on Student Value-Added Evaluation for Promoting Deep Learning”(2023JXY500)。
文摘As the enlightenment stage of students’Chinese learning,primary school Chinese education plays a key role in cultivating students’language ability,thinking development,and humanistic literacy.Value-added evaluation,as an evaluation method that focuses on the changes in students’individual development and attaches importance to the learning process,has gradually attracted attention in the application of primary school Chinese education.This paper first analyzes the problems existing in the current implementation of value-added evaluation in primary school Chinese,and then explores the countermeasures to improve the effectiveness of value-added evaluation in primary school Chinese from the aspects of evaluation concept,evaluation content,evaluation method,evaluation subject,and application of evaluation results.The purpose is to provide strong support for the improvement of primary school Chinese teaching quality and the all-round development of students.
文摘Maize value-added products play a crucial role in reducing post-harvest losses, enhancing food security, and generating income. While extensive research has focused on maize production in Cameroon, the exploration of its value-added products and their profitability in the North-West Region remains underexplored. This study examined the profitability of maize value-added products in Mezam Division, with the objectives to: 1) identify various maize-based products, 2) assess the diversity of these products, 3) conduct a cost-benefit analysis of selected products, 4) examine the relationship between profitability and product diversity, and 5) identify key constraints impacting profitability. To achieve these objectives, structured questionnaires were administered to 500 small-scale maize entrepreneurs randomly selected from five subdivisions. Descriptive statistics were used to analyze objective 1 and 5, while the Shannon Diversity Index was employed to assess product diversity. Additionally, a cost-benefit analysis was conducted on four selected products namely pap, parched corn, peeled parboiled corn, and corn beer, and a correlation analysis was used to examine objective 4. In total, 13 maize value-added products were identified, with a diversity index of 4.4. The total cost of processing the four selected products per entrepreneur using 18 kg of maize per product was FCFA 83631.5 (US $132.75), while the total revenue was FCFA 121864.5 (US $193.43), resulting in an economic profit of FCFA 38,233 (US $60.69). Pap emerged as the most profitable product, with an economic profit of FCFA 27,875 (US $44.24), while corn beer was the least profitable, with an economic profit of FCFA 2133.46 (US $3.39). The correlation analysis revealed a strong negative relationship between product diversity and profitability (r = −0.91), indicating that entrepreneurs can maximize profitability by focusing on a few high-demand products like pap and parched corn. Key constraints to profitability included fluctuating market prices, high production costs, limited access to finance, and inadequate storage facilities. Despite these challenges, our findings indicate that maize value addition is profitable in Mezam Division. Entrepreneurs can leverage this data for informed decision-making and future investments. It is recommended that the government promote maize value addition and provide financial support for modern processing equipment to boost profitability and income generation.
文摘Electrochemical synthesis of value-added chemicals represents a promising approach to address multidisciplinary demands.This technology establishes direct pathways for electricity-to-chemical conversion while significantly reducing the carbon footprint of chemical manufacturing.It simultaneously optimizes chemical energy storage and grid management,offering sustainable solutions for renewable energy utilization and overcoming geographical constraints in energy distribution.As a critical nexus between renewable energy and green chemistry,electrochemical synthesis serves dual roles in energy transformation and chemical production,emerging as a vital component in developing carbon-neutral circular economies.Focusing on key small molecules(H_(2)O,CO_(2),N_(2),O_(2)),this comment examines fundamental scientific challenges and practical barriers in electrocatalytic conversion processes,bridging laboratory innovations with industrial-scale implementation.
基金supported by the National Social Science Fund of China(NSSFC)“Research on Collaborative Innovation and Global Value Chain Upgrading in Manufacturing”(Grant No.23CJL019)“Research on the Advantages of Ultra-Large-Scale Market and the Construction of Modern Industrial System”(Grant No.23&ZD041).
文摘International trade research has long sought to investigate how manufacturers can upgrade within global value chains and escape the“low-end trap”.This paper examines how collaborative innovation can facilitate this ascent,using an undirected weighted network of joint patent applications and firm-level data.By analyzing the network’s structural characteristics and its evolution,we explore the mechanisms through which collaboration drives the rise of manufacturing enterprises within global value chains.Our findings show that:(1)China’s rapidly expanding collaborative innovation network features a distinct“core-periphery”structure,with leading firms,universities,and government research institutions at its center.(2)By strengthening market power and enabling firms to take on more advanced production,collaborative innovation contributes to a higher domestic value-added rate in exports.(3)Heterogeneity analysis reveals that the impact of collaborative innovation on moving up the value chain is particularly evident for firms with strong production and technology absorption capabilities,those positioned lower in the value chain,and those facing fewer trade barriers.
文摘In the context of urban-rural integration development in China,the distribution of value-added income of rural land collective ownership is related to the protection of farmers rights and interests and the specific implementation of rural revitalization strategy.Based on the entry of rural collectively-owned construction land into the market and the compensation system for land expropriation,this paper discusses in detail the distribution of value-added income of rural land collective ownership,analyzes the current situation,existing problems and causes of the current distribution mechanism,and puts forward countermeasures and suggestions for optimizing the distribution mechanism.Through literature research and case analysis,this paper reveals the unfair phenomenon in the distribution of value-added income of rural land,and discusses the roles and responsibilities of government,collective organizations and individual farmers in the distribution of income.The results show that establishing a fair and reasonable income distribution mechanism,strengthening the construction of laws and regulations,improving farmers participation and protecting their rights and interests are the key to optimizing the distribution of rural land value-added income.In addition,it is expected that this paper will provide some theoretical basis and practical guidance for improving the distribution mechanism of value-added income of rural land collective ownership.
