Research On The Impact Of Tax And Fee Reduction On Technological Innovation Of Enterprises

To further implement the innovation-driven development strategy,China has introduced policies to cut taxes and fees in recent years.Scholars at home and abroad have found that the actual effects of these policies are of great practical significance.This article is based on the advancement of tax cuts Jiang Fei and innovation-driven development macroscopic background,the listed companies in jiangxi province as the research object,analyzes the overall tax burden level in tax cuts Jiang Fei,such as different types of taxes and social security burden to the enterprise research and development activities as well as lower tax burden of different property rights,the influence of different industries,different regions under the enterprise innovation input and output,This provides a new perspective for the impact of tax and fee reduction policies on enterprise innovation.Firstly,the paper defines and analyzes the concept of innovation and the incentive of tax and fee reduction policy respectively.The innovation input and innovation output are taken as the main indicators to evaluate the innovation capability of enterprises,including r&d expenditure input,R&D personnel input and patent output.At the same time,relevant theoretical analysis is made on tax incentives,and the basic logical relationship between market,government and enterprise innovation is analyzed.The effect mechanism of tax reduction and fee reduction on enterprise innovation is expounded from the three aspects that tax policy can improve the expected income of enterprise innovation activities and reduce the cost and risk of enterprise innovation activities.Second,the innovation ability of enterprises in jiangxi province and tax cuts Jiang Fei policy implementation present situation are introduced,from the capital investment,human input and output of three aspects: this paper introduces the present situation of jiangxi province enterprise innovation,from the enterprise income tax,individual income tax and value-added tax that three major tax respectively carding influence enterprise innovation Jiang Fei tax cut policy,And analyzed its implementation effect and the implementation of the existing five aspects of the problem.Thirdly,based on the data of listed companies in Jiangxi province from 2011 to 2020,the empirical analysis of the impact of tax reduction and fee reduction policies on enterprise innovation input and output from the three perspectives of tax burden level,tax burden structure and social security burden,as well as the heterogeneity of property rights,industries and regions is carried out and the robustness test is passed.Empirical analysis results show that the total tax burden reduction can make enterprise innovation input and output the result received a significant boost,enterprise income tax in the tax reducing tax burden structure of r&d input and patent output has obvious incentive effect,and the VAT tax cuts only have a significant impact,in terms of innovation and enterprise income tax’s influence on r&d input than the VAT,Social security burden has a significant restraining effect on innovation input and output.In terms of property rights,the tax burden reduction has a better incentive effect on r&d expenditure and r&d personnel investment of non-state-owned enterprises,and the tax burden reduction can significantly increase the output of patent achievements of state-owned enterprises.From the perspective of industry,tax burden reduction has a better incentive effect on the innovation input and output of enterprises in the secondary industry than the tertiary industry,but has no incentive effect on the primary industry.From the regional perspective,tax burden has a more significant inhibiting effect on innovation input and output of Nanchang enterprises,but has no significant effect on non-Nanchang enterprises.Finally,according to China’s tax cuts Jiang Fei current problems existing in the execution and the empirical analysis results put forward the corresponding policy recommendations,including legislation,standardization,improve R&D related tax policy to further intensify tax cuts Jiang Fei of enterprise innovation,optimize the structure of R&D tax credit of tax burden,the difference of the targeted R&D tax policy,We will strengthen management over the implementation of tax and fee cuts.These suggestions can provide some reference for the improvement of R&D preferential tax policies in China.