Research On The Influence Of R&D Expenses Plus Deduction On R&D Activities

Innovation is the first driving force to lead development.The 2019 government report points out that innovation driven development should be implemented in depth to promote the further improvement of innovation capacity and efficiency,and to mobilize the enthusiasm of all kinds of innovation subjects.Among all innovation subjects,enterprises,especially pharmaceutical enterprises,want to achieve long-term development in the market,they need continuous innovation,so as to improve the competitiveness of their products and obtain high profits.In the process of innovation,the government's continuous intervention is needed to solve the market failure in innovation activities.As a tax policy adopted by the government to intervene in innovation activities,the R&D expenses plus deduction policy has been improved and scientific since its promulgation.Based on the analysis of relevant theories and literature,this paper discusses the impact of R&D cost plus deduction on R&D investment and the impact of R&D investment on innovation performance of enterprises.Taking the pharmaceutical manufacturing industry of Yiling pharmaceutical as an example,after introducing the case company's R& D expenses plus deduction of implementation,Through comparative analysis to analyze the case company's R&D investment and innovation performance,through trend analysis to analyze the impact of R&D cost plus and Deduction Policy on R&D investment and R&D investment on innovation performance.Finally,it comes to the conclusion that The policy of R&D expenses plus deduction can reduce the R&D cost and innovation risk of enterprises by reducing the corporate income tax,thus stimulating the R&D investment of enterprises,thus stimulating the R&D investment of enterprises;the increase of R&D investment promotes the transformation of innovation achievements,improves the competitiveness of enterprises,and promotes the improvement of income and profitability.According to the conclusions,suggestions are put forward from the enterprise level: to improve the sensitivity of managers to policies,to improve the management system of R&D projects,to increase the team of innovative talents,to allocate R&D investment reasonably;from the government level,suggestions are put forward: to establish a platform for cooperation between industry,University and research,to reasonably formulate targeted tax policies,to maintain the long-term stability of policies,and to attach importance to the protection of R&D achievements.