Research On Environmental Protection Tax To Promote Green Technology Innovation In Enterprises

Since the reform and opening up,China’s economic development speed has attracted the attention of the world,but this high-speed economic development is often accompanied by waste of resources and environmental pollution.The Fifth Plenary Session of the 18 th Central Committee of the Communist Party of China put forward five major development concepts,one of which included the concept of green,and China’s economic policy began to shift towards sustainable development.Stepping into a new era,China’s economic development is officially centered on high-quality development,and green development with environmental protection as the main body has become the main theme of development.The introduction of environmental protection tax in 2018 has built a stable tax system for China’s green and sustainable development.China’s green tax system has taken a big step forward,and at the same time improved the environmental protection tax system,not only to restrict environmental issues in the form of legislation,but also to encourage enterprises to carry out green technology innovation through the incentive effect of environmental protection tax;By increasing investment in pollution control,stimulating and using green technology innovation to reduce pollutant emissions,we strive to fundamentally solve the problem of environmental pollution and achieve common development of the economy and the environment.Therefore,studying the impact of environmental protection tax on enterprise green technology innovation has strong practical and theoretical significance.Based on relevant research at home and abroad,this thesis explains the significance and connotation of environmental protection tax and green technology innovation,sorts out the relationship between environmental protection tax and green technology innovation and the theoretical system required for this research,analyzes the current development status of green technology innovation in China from multiple perspectives,expounds the mechanism of environmental protection tax on green technology innovation,and the development process of environmental protection tax at the theoretical level,and summarizes the situation before and after the implementation of environmental protection tax.He also discussed the development status of green technology innovation in China.In the empirical part,this thesis uses panel data from 2014 to 2019 as the research sample for empirical analysis,and analyzes three heterogeneities of the nature,scale and degree of financing constraints of enterprises,and obtains test results.Finally,based on the current status quo and empirical research results,policy recommendations are given.The results show that there is a nonlinear relationship between environmental protection tax and small-scale enterprises,while for large-scale enterprises,environmental protection tax is conducive to green technology innovation activities when it reaches a certain threshold.Due to the pressure of environmental protection tax,non-state-owned enterprises are more willing to carry out green technology innovation activities than state-owned enterprises,and hope to reduce the pressure caused by environmental protection tax through research and development activities.For enterprises with low financing constraints,there are many sources of funds,and the cost pressure of green technology innovation is relatively small,and environmental protection taxes are more likely to have a positive effect on such enterprises.Finally,based on the conclusions of the study,this thesis suggests that the government consider the heterogeneous characteristics of enterprises,implement differentiated policies,and increase government capital investment.At the same time,it is necessary to gradually improve the environmental protection tax system,and play a better guiding role while adhering to the appropriate development concept.Reduce the tax pressure on businesses.