Research On The Influence Of Tax Preference Policy On The Technology Innovation Of Integrated Circuit Enterprise

As the core of Electronic Information Industry,IC is of great strategic and practical significance for the steady growth of national economy and the security of national defense information.Under the urgent requirements of the domestic economic transformation and the multiple pressures of the new round of international technological competition,China has clearly raised the innovation of integrated circuit technology to the national level,and through a series of national policies to promote the innovative development of integrated circuit industry.Enterprises are the mainstay of Technology Innovation,so it is of great theoretical and practical significance to study the influence of tax preferential policies on IC enterprises.This paper adopts the method of combining theory with practice,combination of qualitative and quantitative analysis,and then takes the innovation incentive effect of tax preference policy as the research center.This paper analyzes the concrete implementation effect of the current tax preference policy in China,and then puts forward some suggestions with reference value.First of all,combing the research status at home and abroad,expounding the theoretical research and empirical analysis of the two viewpoints of“promotion theory”and“inhibition theory”.Then on the basis of Literature Review,the paper clarifies the main concepts,analyzes the characteristics,influencing factors and the mechanism of the tax preferential policies from the theoretical level: Technological innovation has the characteristics of publicity,externality and market uncertainty,the Technology Innovation of IC enterprises needs high investment and high cost,and the enterprises bear the risk of R&D failure.In addition,the enterprise also faces the possibility that it can not monopolize the innovation income.Based on the study of the characteristics and influencing factors of enterprise technological innovation,this paper will discuss the function mechanism of tax preference to encourage technological innovation from externality,risk expectation,R&D cost,expected income,financing ability and human resource input.Next through the meso-level data show the development of IC enterprises and the status of technological innovation activities.It summarizes the current tax preferential policies of encouraging technology innovation of enterprises in our country,and finds that there are some problems such as low legislative level,single incentive mode and weak human capital preferential policies.Empirical analysis,this paper based on 68 IC listed companies in China2015-2019 panel data to establish a measurement mode,makes regression analysis from the input end,output end and innovation output structure.The main conclusions are as follows:(1)The tax preferential policies effectively stimulated the R&D input and innovation output of IC enterprises,the number of patent applications increased with the tax preferential power,and the innovation ability increased significantly;(2)The incentive effect of tax preferential policy on invention patent is not significant.The technology innovation output of Chinese IC enterprises is mainly on the low-tech utility model and design patent.(3)The R&D activities of enterprise are influenced by the size of the enterprise,the length of its operation,the ratio of assets and the nature of property rights and its location.In addition,the empirical part also carries on the grouping regression analysis according to the enterprise property right nature and the location.Finally,based on the theoretical analysis and empirical results,this paper puts forward some suggestions on the current innovation incentive tax policy:first,to improve the creative requirements of innovation results,to promote the core technology innovation of Enterprises;The second is to improve the tax preferential policy legislation and establish a stable tax preferential policy system;The third is to enrich the tax preferential ways and optimize the tax preferential policy structure;Finally,optimizing the enterprise human capital investment tax policy system of R&D activities.