The article explores how changes in tax rates and increased tax scrutiny in China affect corporate value. It looks at how companies use tax planning to lower the taxes they pay on their earnings. This behavior, known as tax aggressiveness, is seen as a way to increase value by transferring wealth from the government to shareholders. The study shows that China's government needs to consider corporate tax aggressiveness because it relies heavily on corporate tax revenues. Business tax planning involves activities that aim to reduce the amount of corporate tax paid on earnings, including both legal tax saving and illegal tax evasion.