Abstract: When China’s economy enters the high quality development stage, the reduction of taxes and fees is playing an important role of policy instrument in promoting the economic development and the supply-side structural reform. Taking the A-share manufacturing listed companies from 2013 to 2018 as research objects, this paper constructs a multiple regression model to empirically analyze the impact of corporate tax burden on high-quality economic development. The findings show that the reduction of tax burden can improve the total factor productivity of manufacturing industry and promote the high-quality development of economy. Among them, reducing the burden of value-added tax and income tax can increase enterprise cash flow and R&D investment, and then improve production efficiency; while reducing the burden of social security costs can only stimulate the total factor productivity by increasing cash flow. The result of further research shows that the impact of tax burden reduction on small-scale enterprises is more significant, while the impact of social security burden reduction on large-scale enterprises is more significant; multiple tax and fee reforms with a variety of measures can produce greater policy incentive effect. Therefore, it is necessary to further expand the scale of tax reduction effect, provide new momentum for the high-quality economic development, further optimize the tax rate structure of value-added tax, reduce the income tax burden on the enterprises differently, increase the fiscal subsidies on social insurance charges, optimize and adjust the charges related to enterprises, and reduce corporate institutional transaction costs on the basis of consolidating the existing results of taxes and fees reduction.

Key words: corporate tax burden, reduction of taxes and fees, high quality economic development, fiscal subsidies, manufacturing industry