Analysis The Tax Policy Of Promoting Enterprise Innovation

The companies have to make urgently to the scientific and technologicalinnovation. However, the company should make a good decision in the innovation ofscience and technology when facing a complicated situation such as uncertaintyincome, failure or asymmetric information. The enterprise can promote the upgradingof the industrial structure of society, economy in focusing with technologicalinnovation. Apparently, for government enterprise, scientific and technologicalinnovation is a win-win result, but because of some impediments, the enterprises areunwilling to carry out technological innovation. To remedy this contradiction, thegovernment should be supported by fiscal policy; specifically, the government usuallyadopts the preferential tax policy incentives to stimulate business innovation.First, developed countries to encourage technological innovation tax incentivesmainly take the indirect way of concessions, although the specific policies ofindividual countries vary, but the basic is the same. The technological innobationencourange the startup stage companies to the end.Second, the developed countries pay attention to tax policy if encourange thecompany to promote the creation. On the costs and benefits of tax incentives toexamine and tax incentives by the government to develop and to market and optionsmarket-led enterprises to invest in science and technology, with the economicsituation varies.At present the preferential tax policy can be obtained through integration, despitethe current tax system that has a lot of support for the enterprise technologicalinnovation of preferential tax policies for 71 items, direct preferential tax accountingfor 62.83% tax incentives, preferential tax policies for indirect benefits accounted for34.19%. But there are some problems. If the object is to gain access to technologicalinnovation, the income has been the corporate income, and ongoing technological innovation for those companies, and for ongoing technological innovation ofenterprises that may not enjoy these preferential tax benefits between the regions andregional differences; enterprise income tax preferential policies exist"Preference"clause.Currently supports, the preferential policies to encourage technologicalinnovation is mostly "ex gratia" system characterized by such "preferential" systemmainly in two aspects: first, the regional "ex gratia" preferential corporate income taxonly on high-tech industrial development zone approved by the state council, a largenumber of high-tech industrial development zone can not offer within the enterprise.Secondly, the industry"ex gratia", for example,software,integrated circuits andpharmaceutical industries, but preferential policies in other high-tech industry arerelatively little.There are a lot of tax preferential policies on technologicalinnovation,research and development.but it is little about investment in science andtechnology.Theory summarized the problems of our country preferential tax policies,combined with our existing tax incentives to analyze the specific content. Valueaddedtax and enterprise income tax on the tax benefits arising from tax losses andcorporate R&D spending by regression analysis. From the analysis results, the maintax on enterprises to increase R&D spending has some incentive effect. Specially, thecorporate income tax on R&D which have a significant effect. But VAT have a littleeffect. The writer also take into account the number of R&D personnel, both on theR&D expenditures have significant incentive effects.According to the problems existing in the preferential tax from the followingfour aspects, the author put forward suggestions:First,.taxes on industrial optimization of the proposal to the government is a kindof enterprise financial investment . At present, the main industry in the country for theimplementation of innovation should be upstream to downstream industry chain togive preferential treatment and to ensure the smooth research and development,production, delivery; encourage the SMEs to joint scientific research institutions, to use the new R&D results to practical work in enterprises, SMEs not only help longterm,steady development is conducive to effective allocation of resources.Second, tax policy suggestion for the industry supports tax preferential policies,the development of tax incentives should reflect the macro-economic policy towardChina.For example incentives tend to energy saving and emission reductioninnovation work. It makes the energy consumption go down, the product technologycontent is high, pollution emission reduction better to complete the country'smacroeconomic Mubiao and so on.Thirdly, the adjustment of the tax system: in China,there is a wide range of taxincentives, but not effectively played. Therefore, improving tax structure is the key tosolve the problem.On the one hand regarding the tax incentives,in order to considerthe continuity of business technology innovation, efforts should increase to support inadvance, whether is in the special area or not. On the another hand the current incometax is supplemented by the tax structure; improve the income tax basis, pay attentionto value-added tax incentives.Thirdly emphasize the role of indirect benefits of taxincentives.Fourth. the proposed management of the tax system: First tax incentives areclearly defined, c and give prominence. Should be based on the law of developmentin different fields to develop the various tax incentives.Second,our governmentshould built a standard of acceptance to determine the implementation. of taxincentives effect.Thirdly carefully verify the identity of companies identified toensure the fairness of the tax ncentives.In brife, tax preferential policies not enterprises innovation major factors, itsmerely national policy regulation levers, enterprise technological innovation behaviorprimary driven enterprises project awareness. But tax incentives play incentivespromoted to enterprises which is willing to be innovations. Therefore carding taxpolicy, identify problems, propose perfect recommendations on to industrial structurescale, modernization forward profound significance.