The Impact Of Enterprise Income Tax Preferential On The Development Of Equipment Manufacturing Enterprises

The equipment manufacturing industry is a basic industry that provides various technologies and equipment for all sectors of the national economy.Its development level not only reflects the comprehensive strength of a country,but also concerns national defense security.At present,China’s equipment self-sufficiency rate is concentrated in the middle and low-end fields,with high dependence on foreign countries for high-end core components and key technologies.weak independent innovation capacity,insufficient product grade and lack of well-known brands.On the whole.China’s equipment manufacturing industry is large but not strong.If the high-end links and key technologies of the industry are controlled by other countries,enterprises will be fatally hit when conflicts occur.Therefore,it is urgent to develop the equipment manufacturing industry.especially the high-end equipment manufacturing industry.The development of equipment manufacturing industry cannot be separated from the support and guidance of government policies,especially the tax policy is particularly important to the development of equipment manufacturing industry.Corporate income tax,as one of the two major taxes in China,has been most widely used to guide the development of enterprises.The government can reduce the tax burden of enterprises,increase the expected income of enterprises,and guide and support the sustainable and healthy development of enterprises by adopting reasonable preferential tax policies to address the obstacles to the development of enterprises.Enterprises in different stages of development have different characteristics.the demand for tax policy is also different.so the core content of this paper is that the current enterprise income tax preferential policies for equipment manufacturing enterprise development,the influence of the different developmental stages of reviewing policy implementation effect,analysis the design of our country enterprise income tax preferential policies on enterprise development stage concerns whether there is a shortage,for the government functional departments to develop targeted,and feasible tax policy to provide the reference in the system,to further promote the development of equipment manufacturing industry.This paper analyzes the influence of corporate income tax preferential policies on the development of equipment manufacturing enterprises by means of literature,comparative analysis and empirical analysis.First of all,for defining the related concepts.and then on the basis of cash flow group legal,the equipment manufacturing enterprises are divided into initial,growth,maturity and decline four stages,combined with the characteristics of the enterprise in different stages of development,analysis of tax policy on different development stage equipment manufacturing enterprises,the influence mechanism,discuss the policy requirements,development of enterprises in different stages of the disorder and tax incentives.secondly.combing and analysis of existing equipment manufacturing enterprise income tax preferential policy in our country and its characteristics.Finally,on the basis of theoretical analysis,the data of 167 listed equipment manufacturing enterprises were taken as samples by using the national tai ’an database to establish a multiple regression model and empirically analyze the impact of corporate income tax preferences on investment,financing,r&d investment and profitability of equipment manufacturing enterprises at different development stages.The empirical results show that:the current preferential corporate income tax policy has little impact on the investment and financing of equipment manufacturing enterprises,and it cannot effectively alleviate the investment and financing difficulties of enterprises in the initial and growing stages.In different stages of development,the incentive effect of corporate income tax preferential policies is different.The incentive effect on mature enterprises is the best,followed by the growth phase,the start-up phase again,and the decline phase is the weakest.The incentive effect on enterprise r&d investment is only reflected in the mature phase.Based on the empirical analysis conclusion,the main characteristics of China’s equipment manufacturing enterprise income tax preferential policies,enterprise development is put forward in this paper based on the phase of the considerations,the tax policy system to establish system of leading enterprises,to perfect the relevant income tax preferential policies to raise the growth enterprises,increase the intensity of preferential tax base type,the mature enterprise,strengthen the preferential tax rate type,the recession enterprises,construct the mechanism of transformation and upgrading is favorable.In this paper,the innovation in equipment manufacturing enterprises as the research object,research from the perspective of enterprise development stage of enterprise income tax preferential policies for the development of the enterprise,on the one hand,can more objectively evaluate the current enterprise income tax preferential policies incentive effectiveness of equipment manufacturing enterprise development,on the other hand,can according to different stages of development of equipment manufacturing enterprises targeted policy perfect Suggestions are put forward.