Research On Innovation Incentive Effect Of R&D Expenses Deduction Policy

Throughout China’s current tax incentives,the R&D expenditure plus deduction policy is a very important policy,which helps to encourage enterprises to carry out independent innovation and promote the development of science and technology.Since the implementation of the policy,the intensity and scope of the preferential policies Constantly strengthening and expanding,in 2017 and 2018,new policies have been introduced,further increasing the proportion of research and development expenses,deducting the scope of corporate policies,simplifying the application process,and more and more enterprises have enjoyed practical benefits.At the same time,however,some survey statistics show that there is still a certain gap between the incentive effect of the policy on corporate innovation and the expected goal,especially the problem of “acceptance and enjoyment” is more prominent.Therefore,the analysis and research on the innovation incentive effect of the New Deal will undoubtedly have important significance for the further implementation and improvement of the policy.This paper firstly combs the existing related literatures,sums up the theoretical research on the innovative incentive effect of scholars at home and abroad on the research and development cost deduction policy,and analyzes the mechanism of the policy to promote the R&D investment of enterprises.Next,it introduces the historical evolution and tax reduction of China’s R&D expenditure deduction policy,and focuses on the New Deal.It uses the R&D information disclosed by the listed company in the report for the past two years,from R&D intensity,R&D personnel investment and capital.In the three aspects,the statistical analysis of the innovation incentive effect of the New Deal was carried out.On this basis,the deep reason for the ineffective incentive effect of the New Deal was put forward.Finally,it analyzes some relevant tax preferential policies in other countries,draws on international experience,and puts forward suggestions for improving China’s R&D expenses plus deduction policies and further strengthening its innovation incentive effect.