Analysis of the Impact of Tax and Fee Cuts on Residents’ Consumption Under Blockchain and Big Data
Chang Yin · 2022
In the past two years, the state has issued many supporting policies on blockchain and big data.At the same time, the significant success of shenzhen blockchain paperless electronic invoice pilot last year makes the advantages of the combination of blockchain and big data technology gradually emerge in the current era.Since the implementation of tax reduction policy, the impact of tax reduction policy on residents' consumption has been concerned by the academic circle.Therefore, based on the technology of block chain and big data, this paper systematically investigates the direct impact of tax reduction and fee reduction on residents' consumption and the indirect transmission mechanism of economic development factors by using the generalized moment estimation method and the multiple intermediary effect model.Research shows that tax and fee cuts have an impact on household consumption through direct, indirect and coverage effects.