Research On The Impact Of Green Taxation On Technological Innovation Of Industrial Enterprises

Since the Reform and Opening up,the crude economic growth model has brought about increasingly prominent ecological and environmental problems.With the change of the economic growth model,it is increasingly important to improve the technological innovation level of industrial enterprises and adhere to innovation-driven development.The Guidance Opinions of the State Council on Accelerating the Establishment of a Sound Economic System for Green,Low-Carbon and Circular Development(Guo Fa[2021] No.4)stressed that the establishment of a sound economic system for green,low-carbon and circular development requires a combination of macro policy support and micro market regulation to promote green technological innovation in depth.In this context,how to guide China’s industrial enterprises to improve their technological innovation and promote the green transformation and upgrading of their production structure has become an urgent issue to be addressed.At the 20 th Party Congress,General Secretary Xi Jinping mentioned that China should accelerate the green transformation of its development mode and achieve high-quality economic and social development,which requires continuous improvement of the fiscal,tax,financial,investment and price policies and standard systems that support green development.As one of the key levers for macro-control by the state,green taxation is of great significance in stimulating technological innovation and guiding industrial enterprises to follow the path of green development.However,as the proportion of green tax revenue in China’s national tax revenue is relatively small,whether it can give full play to its environmental protection effect and innovation driving force requires timely tracking and evaluation by the government.Based on this,studying the mechanism and impact of green taxation on technological innovation of industrial enterprises is not only conducive to better play the guiding role of green taxation on technological innovation of industrial enterprises,but also has practical significance for improving the green taxation system.This paper firstly compares the relevant research literature of domestic and foreign scholars on green taxation on technological innovation of industrial enterprises,determines green taxation in a broad sense as the policy research object,and combines the "externality" theory,"double dividend hypothesis" and "Porter’s hypothesis" on the basis of combing the development status of green taxation policy system in China.On the basis of the current situation of China’s green taxation policy system,we analyzed the impact mechanism of green taxation on industrial enterprises by combining the "externality" theory,the "double dividend hypothesis" and the "Porter’s hypothesis",and put forward the research hypothesis.A multivariate regression model was also constructed using panel data of A-share listed industrial enterprises in Shanghai and Shenzhen from 2011 to 2020 to empirically test the impact of green taxes on the technological innovation of industrial enterprises.The empirical study finds that green taxation promotes technological innovation in industrial enterprises,and its promotion effect becomes more and more significant in the long run.The results of the heterogeneity analysis also show that,in terms of the nature of enterprises,green taxes have a more significant impact on the technological innovation of non-state-owned industrial enterprises,and in terms of the nature of industries,green taxes are more effective in promoting technological innovation of medium and light polluting industrial enterprises.Finally,based on the findings of the empirical analysis,and taking into account the existing problems of China’s green taxation system,countermeasures such as expanding the scope of green taxation,increasing the tax rate of green taxation and further deepening the greenness of the tax system are proposed.