Research On Tax Incentives For High-tech Industry

As an emerging industry, high-tech industry plays an import role in promoting economic growth, enhancing industrial levels, improving international competitiveness and building an innovation-oriented country. In recent decades, high-tech industry in our country continues to develop, but there is a big gap with the developed countries. Because of its high investment, high risk, high gain and spillover characteristics, high-tech industry also requires the government to give guidance and help. As an important means of economic regulation, taxation promotes the development of high-tech industry by affecting technical factors, human resources and financial support. After the reform and opening-up policy, China has promulgated a series of preferential tax policies for high-tech industries. In this context, in-depth study of the impact of tax incentives for high-tech industry and evaluation policy implementation effect has far-reaching significance to improve our high-tech industry tax policy.Firstly, by collating and analyzing a large number of relevant literature, this paper summarizes research status at home and abroad about the impact of tax incentives for high-tech industry, study the theory about the theory of high-tech industry, tax incentives and the general theory of the basic theory and analyzes the overall status of high-tech industry in our country, founding the rapid development of the industry as a whole, but there are problems of industrial and regional disparate development, low R&D intensity and export trade rely on processing trade and foreign trade. Secondly, paper states the principle of tax incentives affect the high-tech industry from the costs, risks, benefits, human resources and capital five aspects, comparing two different policy instruments theoretically, has the economic analysis of tax incentives and government funding effects of high-tech industry and analysis of different tax incentives. Thirdly, paper lists our current high-tech industry tax policies and issues of lack of a systematic analysis of existing policies, the lack of venture capital firms, the preferential focus on the software industry and the corporate income tax, as well as such as unreasonable preferential links. Finally, paper proposes hypotheses, defines the relevant variables, creates incentive effect empirical model of different policy instruments of tax incentives and government funding and various tax incentives of turnover tax and income tax for the high-tech industry R&D intensity, R&D personnel and enterprise-scale, selects related data from State Statistics Bureau and Ministry of Science and Technology, uses Eviews software to do empirical test, drawn conclusions that in the short term, tax incentives and government funding have significantly incentive effect, and in the medium to long term, income tax is more effective than government funding and turnover tax and puts forward countermeasures and suggestions to improve the tax policy of high-tech industries.The main innovation of the work and conclusions of this paper are summarized in the following areas:(l)China has been little research to quantify the tax incentives. Aiming at different policy tools and different tax incentives, paper uses Eviews software to the empirical analysis from the future perspective and the current perspective. Not only solved the theoretical dispute, but also it provides an empirical basis for government policy to develop existing and future policies.(2)The country has mostly used the survey research methods. There is double restriction of itself and the sample size. This sample data has low reliability and lack of representation, so that the empirical conclusions are questionable. This paper selects related data from State Statistics Bureau and Ministry of Science and Technology, which is authoritative, open and transparent, so that the empirical conclusions have higher reliability.