“Stricter Tax Enforcement, More Support?”——The Merger of National and Local Tax Bureaus and Firms’ External Guarantee Behavior

DOI

10.2991/978-94-6239-830-6_3How to use a DOI?

Keywords

Merger of national and local tax authorities; external guarantees; information environment; banking supervision; government support

Abstract

Changes in tax administration can reshape how credit resources are distributed in the market. In 2018, China advanced the merger of national and local tax bureaus in order to make tax administration more independent. The evidence in this study shows that the merger raised firms’ external guarantee levels, and the rise is more evident for firms with heavier dependence on internal guarantees and tighter financing constraints.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Jingfei Han
PY  - 2026
DA  - 2026/11/14
TI  - “Stricter Tax Enforcement, More Support?”——The Merger of National and Local Tax Bureaus and Firms’ External Guarantee Behavior
BT  - Proceedings of the 6th International Conference on Internet Finance and Digital Economy (ICIFDE 2026)
PB  - Atlantis Press
SP  - 27
EP  - 39
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-830-6_3
DO  - 10.2991/978-94-6239-830-6_3
ID  - Han2026
ER  -