Analyze The Effect Of Tax Incentives In IC Industry

In recent years,driven by the market demand,industrial policies and industrial funds,China's IC industry has developed rapidly.IC industry technology is advancing by leaps and bounds,and the integrated circuit industry chain structure is constantly optimized.Therefore,the current industrial structure is based on chip design,wafer manufacturing as the core,and packaging testing as the support.However,China's IC industry still lacks core technologies,high-end chips rely heavily on imports,product homogeneity,and shortage of high-end comprehensive talents.Since the integrated circuit industry has important strategic significance in the economic and national security fields,countries have adopted various industrial policies to support the integrated circuit industry from the middle of the 20 th century.Among them,tax incentives can make up for the defects of market economic resources allocation and achieve specific industrial goals,so it is widely used in the integrated circuit industry.In order to encourage and promote the development of China's integrated circuit industry,China has established national industrial funds and local funds,and has also introduced various tax incentives.However,the implementation effect of tax incentives may violate the original intention of the government.Therefore,it is necessary to study the implementation effect of the preferential policies of the integrated circuit industry.First,this paper analyzes the mechanism of the impact of tax incentives on the performance of integrated circuit enterprises.Second,it sorts out the preferential tax policies of China's integrated circuit industry.Third,taking Shanghai IC listed company as an example,it uses entropy method and panel data regression to study the impact of tax incentives on the overall performance of enterprises,and confirmed that the current tax incentives have positive effects on the performance of China's integrated circuit enterprises,and drew on the preferential tax policies of advanced countries or regions.Finally,I think that we should establish a sound tax incentives system,and expand the coverage of tax incentives,and use indirect tax incentives as the main form of tax policy,and increase tax incentives for talent incentives,and optimize tax incentives for venture capital incentives.