| Since the reform and opening up,China’s economy has developed at a high speed.At the same time,problems such as lack of resources and environmental pollution have become increasingly prominent.The economic development mode of high pollution and high energy consumption is in urgent need of adjustment.China has proposed seven major strategic emerging industries.Energy-saving and environmental protection industries are among the most important industries.Adhering to the important task of sustainable development,they are key industries that promote economic transformation.The rapid development of energy-saving and environmental protection industry is closely connected with the capital raising of the industry chain,professional knowledge and talents and technology.Among them,various innovations that support the energy-saving and environmental protection industry stand out.They affect the country’s economic development trend and the technological innovation of the entire industry.It is worth noting that in reality,the quality of China’s energy-saving and environmental protection industry’s innovation results is still uneven and restricts the development process of the industry.The R &D investment of enterprises as the most basic condition for technological innovation and the driving force for industrial development,how the existing tax incentives affect the quality of the results produced by the innovation of the environmental protection industry and the healthy development of the industry will undoubtedly have very important theoretical value.And realistic meaning.It is based on such realistic and logical thinking that this paper takes tax preferential policies as the starting point,and selects listed companies in China’s energy-saving and environmental protection industries as research samples.From different levels of theory and reality,this paper studies and discusses the effects of tax incentives on energy-saving and environmental-friendly industry R & D innovation investment Incentive effect.The research of this article is composed of five parts.The first chapter is the introduction.This chapter introduces the research background research significance,domestic and foreign literature reviews,research contents and methods as the starting point and overview of the research.The second chapter elaborates the related concepts,business scope and characteristics of the energy-saving and environmental protection industry,and discusses the theoretical basis for preferential policies to promotetechnological innovation in enterprises,including the theory of market failure and the theory of endogenous economic growth.Mechanism of expenditure.The third chapter analyzes the development status of China’s energy-saving and environmental protection industry and the current preferential tax policies based on a realistic perspective.On the one hand,from the perspectives of development scale,development trend,industrial structure,and the status of taxation of energy-saving and environmental protection industries at the current stage,the specific situation of the development of China’s energy-saving and environmental protection industries at this stage is fully discussed.On the other hand,a comprehensive review of China’s current value-added tax preferential policies and income tax preferential policies,and present existing problems and possible challenges in the future.The fourth chapter is an empirical analysis of the effect of tax incentives on the input of R & D and innovation in the environmental protection and energy saving industry.This section uses a multiple regression model and uses Stata software to perform descriptive statistics and autocorrelation analysis on 1,122 samples collected from 2010 to 2018.Based on this,a multiple regression model is used for multiple regression analysis,and finally,The regression results.The fifth chapter introduces the preferential tax policies for energy conservation and environmental protection in the United States and abroad,as well as the reference to the preferential tax policies for energy conservation and environmental protection in China.Finally,it puts forward corresponding feasibility suggestions for the development of China’s energy conservation and environmental protection industry based on the actual development of China.Through theoretical analysis and empirical analysis,this paper mainly draws the following conclusions:(1)The corporate income tax burden is inversely proportional to the R & D investment in the energy-saving and environmental protection industry.Corporate income tax incentives can indeed promote corporate R & D investment expenditures.While enjoying preferential income tax policies,enterprises also increase innovation R & D investment,so the preferential income tax tax policy Can motivate enterprises to carry out independent research and development.(2)Through the regression of the grouping of state-owned enterprises and non-state-owned enterprises obtained by companies in the energy-saving and environmental protection industry,it was found that the income tax incentives enjoyedby non-state-owned enterprises have a more obvious promotion effect on corporate R& D investment.State-owned enterprises are less obvious when compared with this.Concessions can also promote non-state-owned enterprises’ R & D investment activities.That is to say,while enjoying preferential policies at the same time,although both state-owned enterprises and non-state-owned enterprises have increased their R & D investment,non-state-owned enterprises have increased their R & D investment more than state-owned enterprises.(3)The sample of the energy-saving and environmental protection industry is divided into three different sub-samples according to the region,and the group regression is performed.The conclusion is drawn from the regression results: For the energy-saving and environmental protection industry in the eastern region,enterprises enjoy preferential income tax policies in To a certain extent,enterprises are encouraged to invest in R & D in innovative activities.For the central region,from the regression coefficient,the preferential income tax policy also significantly promotes corporate R & D investment,and the impact is greater than that in the eastern region;but for energy-saving and environmentally-friendly enterprises in the western region Because the development of energy-saving and environmental protection enterprises in the western region is not as good as in the western and eastern regions,the incentive effect of tax incentives on corporate R & D investment is not as obvious as in the eastern and central regions.The innovations of this paper are mainly divided into two points: First,most of the literatures are based on theories when researching tax incentives to encourage energy conservation and environmental protection industry R & D investment.In this paper,a multivariate regression model is used to analyze tax incentives to encourage energy conservation.The effect of environmental protection industry’s innovation R &D expenditure,and put forward feasibility suggestions for the regression results;the second is based on the study of tax incentives to encourage the energy conservation and environmental protection industry’s R & D and innovation investment effect to group regression,the sample is divided according to the nature of the enterprise and regional standards The group regression analysis was carried out separately,and it was concluded that the differences in the nature of enterprises and regional differences have an effect on the effect of energy saving tax incentives to encourage research and development expenditures of energy saving and environmental protection industries.The shortcomings of this paper are: First,the tax policyformulation and implementation of energy conservation and environmental protection industry in China has been over 8 years,and this article has studied the development of the past eight years,which is also a place worthy of improvement in future research.Second,the guiding role of preferential tax policies in operating policy choices and R& D and innovation policy choices will be indirectly reflected in corporate benefits,which is difficult to measure from model research.In order to make the research conclusions of this article more abundant and rigorous,in-depth investigations of typical energy-saving and environmental protection companies will be a better way. |
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