Research On The Impact Of Tax Of The New Energy Automobile Industry

In order to enhance the strength of China's automobile industry,new energy vehicles will be included in the emerging strategic industries to support.Financial and taxation policies such as financial subsidies and tax incentives as the main.as tools are wildly used in the support of the new energy vehicles.The continuous changes in the tax policy of new energy vehicles have also led to the lack of core competitiveness of new energy vehicles in China.Regulatory loopholes and market demand are in urgent need of improvement.The demand and the technology are the decisive factor of the emerging strategic industry development.Correspondingly,fiscal and taxation policies can also be divided into“demand-side policies” to enhance consumers' willingness to purchase new energy vehicles,and“supply-end policies”for production and technology research and development.The fiscal and taxation policy at the demand side means the government reduces the cost difference between the traditional and the new energy vehicles through tax incentives or financial subsidies.The fiscal and taxation policy at the supply side means the government encourages the research and development and the production of related technologies of new energy vehicles through tax incentives or financial subsidies,which is committed to improve the quality of efficiency tax policy tools and supply systems.Therefore,this article analyzes the development mechanism of new energy vehicles according to the fiscal and taxation policies at both ends of supply and demand.The author sorts out the development of China's new energy vehicles and analyzes the current tax preferential policies in China,which takes tariffs and domestic taxes as the starting point,and based on the theory,the taxation effect and the tax incentive theory.At the same time,in terms of evidence,the tariff rate of new energy vehicles in the 27 years from 1991 to 2017 and the financial data of hundreds of companies with new energy vehicles in the main business of Shanghai in 2015-2016 were compiled,and panel data analysis was established.IV Tariffs and domestic taxes affect the supply and demand side.So the key points are as follows:The tariffs have certain impacts on the complete vehicle,core parts and new energy vehicles companies at the demand side.Internal taxes will affect the performance and the R&D input of those new-energy vehicle enterprises at the supply and demand side.The direct influence of the tax increase to the companies is the reduce of net profits and cash flow.The core components of the new-energy vehicles have a high R&D input through their own acquisition.The best solution is to import the core components firstly and then manufacture domestically.The inspection status of the complete vehicles and core components have a certain impact on the tax burden.It may occur that the complete vehicle import rate is lower than the components,which leads the companies are more inclined to the complete vehicle import.China's domestic tax incentives are poorly targeted.The tax structure is unreasonable and the preferential methods are single and direct.The government should update the tax-related supporting policies in time,adjust the tax structure and increase the indirect tax preferential policies.This article is composed of the following five parts:(1)Introduction.The article combines the research background and the elaboration of the meaning and the literature review within China and abroad,etc,which clarifies the idea of the article and establishes the framework.(2)Sorting out the relevant theoretical basis of tax incentives and paving the way for subsequent writing.(3)Combing the status quotation and the existing problems of China's new-energy vehicle tax preferential policies from the perspective of tariffs and domestic taxes.(4)Using the ADF unit root test and panel test.It concludes that the tariff change will affect the sales on the demand side,meanwhile,it will affect the complete vehicle,components and new-energy vehicles as well.(5)Using the correlation analysis and the regression analysis shows that domestic tax will affect the performance and the R&D input of new-energy vehicles companies at the supply and demand side.The increase of tax burden will lead to the reduce of enterprise performance and R&D input.(6)Combining the international situation,research countermeasures and recommendations.The innovation of this thesis is to combine the data with case analysis.Build a panel data model based on statistical time series and correlation analysis,and correlate regression models to study the 2 variables of automobile tariff rate and new-energy vehicle sales in 1991-2017.The degree of influence between the two aspects shows that they have a relationship.In addition,the correlation analysis is used to derive the relationship between the domestic tax and the R&D and the performance of corporations.