International Comparative Research On Tax Incentive Policies For Corporate R&D

Innovation is the soul of a nation’s progressand the inexhaustible motive force for the prosperity of a country.The 18 th national congress of the communist party of china and the many speeches of the leaders of our country also deeply emphasized the driving force and long-term impact of innovation and R&D on national development.China is currently facing unprecedented opportunities for development and risk challenges.So supporting innovation and promoting R&D is an important strategic decision for china to accelerate the transformation of economic development,promote the strategic adjustment of economic structure and cope with international competition.However,the uncertainty of R&D activities and the spillover effect of R&D results make the company lack of motivation for R&D,which determines the company’s R&D activities require government support.In this paper,I analyze the relevant literatures at home and abroad,and the necessity of enterprise R&D and the necessity of tax incentive are explained firstly.Secondly,I analyze the R&D tax incentive policies formulated by the eight representative countries(regions),classifying them according to the incentive methods,then explores the characteristics and utility of each kind of incentive policies,which has an important reference for reforming and perfecting our tax incentive policies.Thirdly,I analyzes the overall situation of R&D in our country from the aspects of R&D expenditure and patent output,and points out that there are many problems such as low R&D intensity and low proportion of invention patent in our country.At the same time,I combine the tax incentive policies of enterprise R&D with the policy of representative countries in the third chapter,then make a comparative analysis of the policies of R&D tax incentives in china.After the analysis,it is found that there are many problems such as tax deduction and exemption is too short,collectively deduction lack hierarchy and accelerated depreciation policy lack propaganda and counseling and other issues.Finally,on the basis of drawing lessons from international experience,combined with china’s national conditions,I put forward to targeted recommendations in order to optimize china’s R&D tax incentives policy.