Abstract：
As the background of China’s corporate income tax reform in 2008, the paper observes the listed companies’ tax avoidance motive of earnings management behavior and the content of property rights arrangements on firm’ tax avoidance. The research samples include the companies which the corporate income tax rate will decline after the reform. The paper finds that there is a significant profit reduction in companies which tax rate declines before the reform year. The further results indicate the profit change behavior exists only in the non- state-owned holding companies. The study provides new empirical evidence that property rights arrangements can affect corporate behaviors significantly.
2013 
