Research On The Impact Of Corporate Income Tax Preferences On High-tech Enterprise

In the context of the new round of technological revolution,countries are also competing for the dominance of high-end industries.Both its own modernization process and the international economic environment require my country to transform its economic development mode and promote the high-end economic industry,thus forming a modern economic system driven by innovation.In the tasks deployed by the Fifth Plenary Session of the Nineteenth Central Committee of the Communist Party of China,special chapters for scientific and technological innovation were deployed,placing them at the top of all tasks.It can be seen that technological innovation is of great significance to the country’s comprehensive strength,economic development,and international influence.Therefore,Chinese country’s tax reduction and fee reduction policies are gradually expanding,especially the preferential corporate income tax,which benefits my country’s high-tech enterprises the most,One of the most important tax preferential policies,its proportion in the corporate income tax deductions of related enterprises has steadily increased,from 50.96% in 2008 to 69.76% in 2015,effectively reducing the tax burden of enterprises and stimulating the vitality of innovation.For market players,the preferential policy for high-tech enterprises to levy corporate income tax at a reduced tax rate of 15% has really enhanced the sense of enterprise gains.During the "13th Five-Year Plan" period,the enterprises that enjoy the preferential policy of deduction for R&D expenses are "ten 4.9 times during the second five-year period.The implementation of tax reduction policies stabilized economic growth and increased market vitality.Enhancing the innovation capabilities of high-tech enterprises will have an irreplaceable benign effect on improving labor productivity and promoting economic benefits.High-tech enterprises have the characteristics of high R&D investment costs,R&D activities with uncertainties and high risks.In recent years,the government has issued many preferential tax policies to encourage social innovation activities,including preferential tax rates,tax reductions,and accelerated depreciation of fixed assets.Additional deductions for research and development expenses,and pre-tax deductions for other expenses,etc.This article focuses on the impact of corporate income tax incentives on high-tech enterprises.After reading a large number of documents,I compared the cash flow statement,income statement and balance sheet data in the annual report of WS Company,and analyzed the impact of tax incentives on fixed asset investment activities,net profit,R&D investment and tax burden of enterprises.The study found that preferential tax policies can promote the investment activities of enterprises,promote the increase of enterprises’ R&D investment and the improvement of innovation capabilities,and can reduce the tax burden of enterprises.However,by analyzing the process of enterprises enjoying the preferential corporate income tax policies,it is found that there are certain problems,and finally,countermeasures and suggestions for improvement are put forward for the problems.