Research On The Innovation-Driven Effect Of Corporate Income Tax

With the rapid development of society and economy,the role of technological innovation in social development has become increasingly prominent.Countries around the world attach great importance to this,and from the perspective of national strategies,it has been proposed to continuously improve the country’s technological innovation capability.Technological innovation can not only promote the rapid development of the economy,but also enhance the overall strength of a country or region.However,everything has two sides,and the shortcomings of technological innovation are reflected in externalities,high risks,strong uncertainty,and strong functionality.Sometimes,the technological innovation of an enterprise may result in unequal margins between the marginal innovation benefits of the enterprise and the society.This phenomenon will affect the enthusiasm of technological innovation of the enterprise and cause a shortage of resources in this regard.One of the important means currently used by the government to regulate and control the economy is tax incentives,especially for high-tech enterprises.Tax incentives can play a certain role in promoting technological innovation.An in-depth analysis of the incentive effect of corporate income tax tax incentives on technological innovation of such enterprises is not only conducive to the improvement of tax preferential policies,but also to the general application of such policies in technologically innovative enterprises,and to improve the technological innovation of a country.It has important significance in terms of ability.This article first comprehensively sorts,analyzes,and summarizes theoretical literature on tax incentives and technological innovation,and then defines related concepts,and analyzes market failures,endogenous economic growth theories,and tax incentives on technological innovation.Mechanism of action,etc.Secondly,the status quo of technological innovation and preferential income tax policies in China’s high-tech enterprises is analyzed in detail,and the existing problems and reasons are discussed.The main reasons are concentrated on historical factors,weak autonomy,and imperfect tax incentives..Thirdly,A high-tech enterprise was selected as the research object,and the impact of preferential income tax policies on thetechnological innovation of the enterprise was analyzed in detail.Finally,the author puts forward specific solutions and draws the conclusion of this paper.