A Study On The Incentive Effect Of Preferential Tax Policy On The Development Of High-End Equipment Manufacturing Industry

High-end equipment manufacturing industry is an important foundation for national economic prosperity and one of the pillar industries of the national economy,featuring good economic efficiency,high investment and high risk.There are problems such as lack of high-tech talents,large capital shortage and low profitability.The study of its incentive effect on the development of high-end equipment manufacturing industry can help the government to implement tax incentives in a targeted manner.In this paper,firstly,on the basis of reading literature,introducing the existing tax preferential policies and the background and selected significance of high-end equipment manufacturing industry;secondly,it analyzes the direct and indirect action path,compose s and summarizes the tax preferential policies related to high-end equipment manufacturing industry in recent years,and finds his current possible existence of Some problems,such as insufficient incentive strength,unscientific incentive mode and unreaso nable incentive content;finally this paper,on the basis of constructing regression model,doing intermediary mechanism test,robustness test and heterogeneity analysis,selects high-end equipment manufacturing enterprises listed in Shenzhen and Shanghai exchanges from2016 to 2020,screens out a total of 53 listed enterprises,and examines the relationship between policies and high-end enterprises,i.e.the relationship between tax preferential policies and high-end equipment manufacturing enterprises.Th e relationship between tax incentives and high-end equipment manufacturing enterprises is examined,i.e.whether the differences in this relationship are further studied under different levels of scientific research investment and talent investment,enterprise financing,as well as the differences in incentive effects under different industries,and then policy recommendations with reference value are proposed based on the findings of the empirical study,.Conclusions of this paper:(1)the incentive effect of tax preferential policies on high-end equipment manufacturing industry is significant;(2)the incentive effect of tax preferential policies on scientific research investment,talent investment and enterprise financing is significant,and can produce indirect incentive effect on high-end equipment manufacturing industry through direct incentive on scientific research investment,talent investment and enterprise financing;(3)after subdividing high-end equipment manufacturing industry into five industries,it is found that The incentive effect of tax incentives on different industries varies.