弥合信息差距 税务数据共享与小企业融资（英文版）

We examine the impact of government tax-data sharing on small business financing, leveraging a quasi-experiment from the staggered provincial rollout of tax-data integration at a major Chinese internet bank. The results show that tax-data integration significantly enlarges the credit lines offered by the bank. Small firms subsequently increase credit utilization, leading to higher sales and broader business networks, including more buyers and suppliers. Improved credit access also genera