Research On The Tax Policies For Promoting Enterprise R&D And Innovation

R&D and innovation are the source of vitality for the sustainable economic development.Faced with the current slowdown in the economic normalization,Premier Li Keqiang put forward a series of policies of "public entrepreneurship and innovation".The policies continuously promoted the development and upgrading of new industries,improved the efficiency of micro-entity innovation and reduced their costs.As the micro-units of innovation and the actual beneficiary of innovation policy,it is of practical significance and policy significance to examine the implementation of taxation policies from the microscopic point of view of enterprise innovation,and exert taxation policies to guide the innovation of enterprises and promote the industrial optimization and upgrading.From the perspective of the need for government intervention,R&D and innovation of corporate has the externality,high risks,and need a long periods to research.Only the market regulation will make the R&D and innovation's level of enterprises lower than the optimal level of social needs.Therefore,government intervention in public policies is needed to encourage enterprises to carry out R&D and innovation.At present,the total amount of input and output of R&D and innovation in China has been at the forefront of the world,but the input intensity,structure and output efficiency still need to be further improved.Except the China's basic national conditions,which have a weak foundation and a huge mass,the innovation environment is one of an important factor.Under the innovation-driven development strategy,China has introduced a large number of tax policies covering all aspects of the growth of enterprises.Judging from the implementation status,the number of enterprises in the whole country increased significantly,the technology trading market was active,and the benefits of tax cuts were obvious.The nation's creative vitality continued to burst.The corporate point of view also enjoys the policy dividend,but there is still growth space.Then I chose the A company as a typical case to analyze and found that R&D plus deduction policy and VAT refund are significant correlation to corporate R&D.However,the correlation between income tax rate preferences and corporate R&D is not significant,other tax returns either.In-depth analysis,I found that the lack of initial benefits to start-ups,the policy caliber which is easy to confuse,policy details which are not clear enough,as well as lack of normative business management and other issues restricting the actual implementation of tax incentives.Based on the current situation of tax innovation policy and the result of case analysis,this paper summarizes the current tax incentive policy issues,mainly including the lack of systematic tax policy,the limitation of incentive subject,the lack of incentive in the early stage of R&D,and the mismatch between policy and business growth.The policy is not operability is not strong,multi-caliber,there is the fuzzy zone is also the cause of the implementation of poor results.In order to design tax policy recommendations,this paper summarizes the tax incentives in several countries such as the United States,Europe and Japan,and provides taxation to China from several aspects such as preferential taxation legislation,tax credit policy,deductible policy,tax preference for SMEs,etc.In the end,basing on the defects of current tax incentive policies,the author put forward corresponding optimization measures.She believes that the tax policy before taxation policy should be further improved from the following aspects:strengthen legal protection,expand the application of innovation policies,optimize policy details,and improve supporting measures.For the enterprise,the standard of the R&D system should be strengthened,including project establishment,supervision,and accounting,and an early warning mechanism for qualifications should also be established.