Carbon Emission Trading System and Corporate Tax Avoidance

IF 5.5 3区管理学 Q1 BUSINESS

Corporate Governance-An International Review Pub Date : 2025-02-09 DOI:10.1111/corg.12642

Wanyi Chen, Fanli Meng, Ying Wang

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引用次数: 0

Abstract

Research Question/Issue

The existence of tax spillover effects from environmental policies has been a subject of ongoing debate. While companies may face cost pressures that drive them to engage in increased tax avoidance, they may also suppress tax avoidance due to considering social responsibility. This study explores the impact of the carbon emission trading system (ETS) on corporate tax avoidance behavior.

Research Findings/Insights

We find that tax avoidance activities are suppressed after companies participate in ETS. ETS curbs corporate tax avoidance by enhancing corporate social responsibility and strengthening regulatory deterrence. This effect is more pronounced in firms located in more economically developed regions, those with stronger tax enforcement, and companies undergoing digital transformation.

Theoretical/Academic Implications

This study enriches research on the economic consequences of ETS and the factors influencing corporate tax avoidance, expanding the relationship between tax policies and environmental governance.

Practitioner/Policy Implications

This study provides government implications in further improving ETS policies to enhance positive spillover effects on taxation and to refine corporate carbon disclosure systems. It also provides guidance for companies to promote tax sustainability by actively participating in ETS and leveraging digital transformation strategies.

JEL Classification

G10, G23, G30

查看原文本刊更多论文

碳排放交易制度与企业避税

环境政策的税收溢出效应的存在一直是一个持续辩论的主题。虽然企业可能面临成本压力，促使他们增加避税，但由于考虑到社会责任，他们也可能抑制避税。本研究探讨碳排放交易制度（ETS）对企业避税行为的影响。研究结果/见解我们发现，企业参与碳排放交易体系后，避税活动受到抑制。ETS通过强化企业社会责任和加强监管威慑来遏制企业避税。这种影响在经济更发达地区的公司、税收执法力度更强的公司和正在进行数字化转型的公司中更为明显。本研究丰富了ETS的经济后果和企业避税影响因素的研究，拓展了税收政策与环境治理之间的关系。本研究提供了进一步完善碳排放交易体系政策的政府启示，以增强对税收的积极溢出效应，并完善企业碳信息披露制度。它还为企业通过积极参与碳排放交易体系和利用数字化转型战略来促进税收可持续性提供指导。JEL分类G10、G23、G30

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来源期刊

Corporate Governance-An International Review Multiple-

CiteScore

7.00

自引率

11.30%

发文量

期刊介绍： The mission of Corporate Governance: An International Review is to publish cutting-edge international business research on the phenomena of comparative corporate governance throughout the global economy. Our ultimate goal is a rigorous and relevant global theory of corporate governance. We define corporate governance broadly as the exercise of power over corporate entities so as to increase the value provided to the organization"s various stakeholders, as well as making those stakeholders accountable for acting responsibly with regard to the protection, generation, and distribution of wealth invested in the firm. Because of this broad conceptualization, a wide variety of academic disciplines can contribute to our understanding.