Research, Corporate R & D Investment Of National Tax Policy

Economic researches show that technology is the source of national economic growth. With the gradual globalization of market competition, R&D plays a more and more important part in accelerating national(district) economic growth, enhancing national competitive competence and fostering corporations'key competitive competence. Since Reformation and Opening Policy carried out, China has been intensified R&D expenditures continuously, whereas there is also a long distance between China and developed countries. On 16th Fifth Plenary Session of the Central Committee of the CPC, it is regarded as one of the three strategies during the eleventh five-year plan to change economic growth mode and turn the economic society into a new civilized one through scientific development, recunent economy and resources saving. The key to change economic growth mode is science and technology advancement, especially improving corporations' independent innovation competence. So increasing corporations' R&D expenditure is necessary, and it becomes one of important and pressing mission for government to offer corporations a good policy environment. On such grounds, it is important and realistic to roundly and deeply do research on corporations' R&D expenditure and tax incentives in order to inspire our technical innovation, foster corporations' competitive competence and even change our economic growth mode from extensive one to intensive one. On the other hand, existing researches on the relation between corporations' R&D expenditures and tax incentives are scattered in papers and books. There are few systematic and synthetical researches, especially no microcosmic corporations' research on this. This paper does systematic and synthetical research on the relation between corporations' R&D expenditures and tax incentives policies in the view of microcosmic corporations. It is a supplement to the related research and existing fiscal and tax system, and it is useful for government to establish more practical tax policies.This paper does systematic and synthetical research on the relation between corporations' R&D expenditures and tax incentives policies in the view of microcosmic corporations through the methods of positive analysis, criterion analysis and systematic analysis. Firstly, it analyzes the functional mechanism of tax on corporations' R&D and the effect of R&D tax incentives policies. Secondly, it demonstrates the actuality of our corporations' R&D expenditure and tax incentive policies, as well as the effects of tax incentives. At last, on the grounds of knowledge...