Research About The Tax Policy For Develop The New Energy Industry

At present, changing the consumption structure of energy and increasing theutilization of energy has become the consensus of countries all over the world. Thedevelopment of the new energy industry has won every country’s attention. In China,the development of new energy industry is growing by leaps and bounds in recent years.The solar photovoltaic cell production ranks first in the world. Wind power installedcapacity ranks the first in the world from the second. Those visible results add a lot ofconfidence and motivation to the rapid and smooth development of new energy industryin China. However, hidden behind the achievements are many problems, such as thetechnical pinch technology of new energy industry and high cost of new energy industry,excess capacity and the weak new energy market demand, grid infrastructure laggingbehind in some industries. These problems seriously hinder the development of newenergy, leading to pinch technology in new energy industry development. To solve thisseries of problems, government must get involved to implement related tax policiesaiming at the existing problems in the development, perfect the relevant tax system andsupport the development of new energy industry.In this article, an industrial structure chart is made as regard to wind powerindustry, solar energy industry, biomass industry. The development of middle and lowerreaches of new energy industry chain is analyzed, and problems are pointed out. Forinstances, there exists common problems in new energy industry like excess capacitycaused by the blind pursuit of product in upper and middle industry chain, thedependence on technology introduced from abroad, low new energy utilization rate,and potential financial risks. At the same time, there are special problems in some newenergy industries such as wind power industry and solar industry. To some extent, theseproblems restrict the development of new energy industry, and affect the speed of itsdevelopment. Aiming at solving the problems of new energy industry, and concerningfeatures like high R&D expense in the new energy industry, externality and high clusterof force, the article analyzes the relationship between the new energy industry and thetax policy, so as to realize that healthy industries development is inseperable fromgovernment support of tax policy. The appropriate tax support policy can accelerate thedevelopment of new energy industry. Perfect tax system and refinement of the targetedtax policy can effectively help new energy industry get over pinch technology and solvethe existing problems. Furthermore, the article makes an analysis of the tax support policy of new energy industry in China and finds the absence of the tax support policyin the implementation process, such as: the magnitude of the tax benefits is small andthe coverage is narrow; the provisions of the tax law is not perfect and refined; therelacks matching strategic planning which at the same time, is too rigid. On this basis, inorder to achieve twice the result with half the effort, the article tries to make acomprehensive analysis of present development situation of the new energy industryand the lack of tax support policies, and draw lessons from new energy industry taxsupport policy in United States, Japan, the European Union and Brazil. By adoptingcomparative analysis method, the characteristics of new energy industry tax supportpolicy in the developed countries is analyzed. And combining with the condition ofChina’s economic development, absorbing essence and discarding the dreg of thedevelopment experience of foreign new energy industry, this article carefully examinesthe enlightment foreign countries brought to China, such as common characteristics ofseveral countries’ new energy tax support polices, indigenous specalities of everycountry’s tax polices. In this way tax polices catering to China can be pointed out. TheUnited States is both a great energy consuming and energy producing country. EuropeanUnion is the first country which implemented tax policies for new energy industry.Japan is a representative country of energy shortage. Its experience of petroleum crisisand the nuclear crisis let it pay more attention to the development of new energyindustry. These three countries have successful experience in the development of newenergy industry--the government’s tax support is big and preferential range is wide atthe same time; there is a complete set of tax system specifically tailored for thedevelopment of new energy industry, which has brought certain enlightenment for thedevelopment of new energy industry in China. As one of the brics countries, Brazil hassimilarity with China in terms of economic development level and its successfulexperience of new energy industry development plays practical role for China to learn.To make a conclusion from the analysis above, this article puts forward opinionsaiming at improving China’s tax support policies of new energy industry from twoaspects: positive incentives and negative inhibition of new energy industry, from twostages of production and consumption and from several aspects like tax policy, legalsupport by combining with related taxes involved in the process of new energy industrydevelopment. And it is hoped that through adequate use of tax policies, the healthydevelopment of new energy industry can be supported, energy consumption structure inour country can be optimized, and the goal of sustainable development can be realized, as a result of which the pressure of a conventional energy scarcity can be furtherreduced, climate change brought by the usage of conventional energy can be improved,giving impetus to our economic growth, and promoting our country’s technologycompetitive position.