Research On The Impact Of Tax And Fee Reduction On Innovation Performance Of Manufacturing Enterprises

Tax and fee reductions are an important part of the supply-side structural reform and play an important role in encouraging corporate innovation.This paper deeply studies the impact of my country’s tax and fee reduction policies on corporate innovation performance.Specifically,this paper firstly summarizes the domestic and foreign research literature on tax and fee reduction and corporate innovation.Most of the literature shows that tax reduction and fee reduction can significantly improve corporate innovation performance.Secondly,on the basis of earnestly studying the tax reduction theories of the classical school,the Keynesian school and the supply school,this paper sorts out the mechanism by which tax reduction and fee reduction affect enterprise innovation,including tax burden,tax burden structure,social security burden,and administrative charges.The mechanism of action on enterprise innovation.Third,this paper systematically reviews the development history of my country’s tax and fee reduction policies,and analyzes the current status of innovation performance of my country’s manufacturing enterprises.gap.Fourth,this paper takes Company A as an example to empirically test the impact of tax and fee reductions on corporate innovation.The study found that since the introduction of the tax and fee reduction policy,company A’s costs and expenses have remained stable as a whole,sales expenses have shown a slight downward trend,and innovation capabilities have been continuously strengthened.Policy incentives such as tax cuts and fee reductions not only provide sufficient cash flow subsidies to manufacturing enterprises,but also guide manufacturing enterprises to conduct innovative research and development through specific measures such as super deductions,so as to obtain more preferential treatment.From the perspective of the ownership structure of enterprises,tax reduction and subsidies have a more significant role in promoting the innovation performance of private manufacturing enterprises.Finally,this paper puts forward the following policy suggestions,including implementing the "precision-guided" tax and fee reduction policy,attaching importance to promoting enterprise innovation through the structural reform of the tax system,continuing to increase the investment in basic research of the tax reduction and fee reduction policy,and taking overall consideration of tax reduction and fee payment.And the comprehensive effect of other policies,enterprises should take the initiative to understand and actively use the various national tax and fee reduction policies.