The Impact Of Tax Incentives On The R&D Input And Output Of Listed New Energy Vehicle Companies

Under the pressures of environmental degradation,energy crisis and industrial upgrading,our country has repeatedly proposed the development strategy of the new energy automobile industry and proposed a series of supporting policies including tax incentives and financial subsidies.These policies have been implemented in the past and played an important role in promoting the development of new industry.However,as problems such as inefficient use of financial subsidy funds and subsidy-fraudulent were exposed and widely discussed,more and more scholars began to call for a new policy of reducing financial subsidies,which is also the current policy trend.However,the goal of industrial development still needs to be achieved.As a result,tax incentives have been given the important responsibility of replacing financial subsidies to promote industrial development.This paper analyzes the current development status of new energy companies and finds that although they have experienced rapid growth for about 6 years,there are still problems such as low market share,lower R&D investment intensity than traditional manufacturing,and insufficient supporting facilities.An analysis of the tax incentives currently available to new energy automobile companies reveals that there are still problems with tax incentives that are not highly targeted,the incentives are small,the lack of incentives for R&D investment,the timeliness of policies are weak,and the update is not timely.Then,taking 40 listed companies in the new energy vehicle industry chain as a research sample,selecting data from 2012 to 2019 for empirical analysis,it is concluded that tax incentives play an important role on enterprise’s R&D investments and outputs,and the impact of turnover tax is greater than that of income tax,indicating that market regulation plays an important role.At the same time,fiscal subsidies are still having a positive effect on industrial development.Based on this,this article puts forward five suggestions: first is to improve the tax policy;the second is to enrich tax incentives and improve supports on research;the third is to reduce the cost of new energy vehicles and encourage the consumption of new energy vehicles;The fourth is to complete the fiscal subsidy policy and increase the efficiency of subsidies;the last is to strengthen the monitoring of tax sources and improve the tax management system.