The Employment Effect Of Innovation Incentive Tax Policy

From the "China's New Normal" to "Structural Reform of the Supply Front","Innovation-driven" has always been the keyword.Considering that tax policy is an important mean of the government to promote economic and social development,in recent years,financial and taxation departments under the state council has introduced a series of tax policies to encourage people to start their own businesses and to make innovations,but the effects of these policies need empirical test.At the same time,as an important issue under the "China's New Normal",the settlement of the employment problem is an important goal of tax policies of encouraging entrepreneurship and innovation.This article focuses on China's current tax policies of encouraging innovation.From the econometric test for innovation incentive effects of relevant preferential tax policies to further exploring its impact in solving the employment problem,research frame of this article has been integrate and clearer.Finally,taking tax policies of encouraging innovation as the base and taking employment effects as orientation,this article examine the effects of the implementation of tax policies of encouraging innovation and its influence channel to the employment problem in order to evaluate the results of policy more comprehensively and more deeply.From two panel data aspects:high-tech enterprises and regions,this article combined theoretical and empirical researches for employment effects of tax policies of encouraging innovation.First of all,this article classified the China's current tax policies of encouraging innovation,then made a systematic analysis of the related theories about innovation incentive effects and employment effects.Secondly,this article adopted panel data of 281 listed companies in Shanghai and Shenzhen A-share markets from 2011 to 2015 and provincial panel data of 31 provinces for empirical research for innovation incentive effects and employment effects of new and high technology enterprise tax benefits from the enterprise level,including robust test.Then this article made the similar econometric analyses from local level based upon provincial panel data of 31 provinces of China.The empirical results showed that innovation incentive effects and employment effects at the new and high technology enterprises were also significant,and channel identification was clear and significant.While the result was not robust at the local level.Finally,combining theoretical analyses and empirical conclusions,this article put forward some policy recommendations.On the one hand,continue to implement structural tax reduction and give full play to the diffusion effect and multiplier effect of new and high technology industry;On the other hand,make "Structural Reform of the Supply Front" pay more attention to enterprise innovation.Through more comprehensive and deeper tax policy analyses,this article is in the hope of providing reference for government to make more scientific and reasonable tax policies,making tax policies play a better role in economic leverage,and creating a good policy environment for innovation and employment.