| Innovation" has always been a hot topic,and the world is committed to using innovative technology to drive great changes in the world,bringing development changes to human economic development and production life.The report of the 20 th Party Congress sets out as future development goals to uphold the centrality of innovation in the modernization of China,to promote the establishment of international and regional science and technology innovation poles in an integrated manner,to strengthen the capacity of science and technology infrastructure,and to improve the overall efficiency of the national innovation system.Among other things,tax incentives are an important step taken by enterprises to ensure that they can achieve higher quality development,smoother technological innovation and more sustainable technological development.This paper takes high-tech enterprises in Henan Province as an entry point,with tax incentives being the focus of the study,and provides a comprehensive and concrete analysis of the role of this policy on R&D investment,and makes realistic suggestions for improving the tax incentives and optimizing the policy and environment in a targeted manner,bringing inspiration for promoting R&D investment,safeguarding the middle ground and laying a good foundation for the transformation of results.Based on theories of signaling,market failure,tax incentives and technological innovation,this paper uses literature research method and empirical analysis to sort out the relevant concepts and theoretical base policies regarding R&D investment and tax incentives of high-tech enterprises.By establishing a multiple regression empirical model to analyze the relationship between tax incentives and R&D investment of listed high-tech enterprises in Henan Province from 2015-2020 through a multi-faceted analysis,and put forward countermeasure suggestions to improve tax incentives and stimulate enterprises’ innovative R&D investment from the government level and enterprise level.The study found that tax incentives have a positive impact on R&D investment and that the policy of R&D cost addition and deduction has a stronger impact on R&D investment.In addition,the same tax incentives have different effects on the technological innovation of high-tech enterprises with different property rights: the policy of R&D expense deduction has a stronger incentive effect on the R&D investment of non-state-owned enterprises,while the tax concession has a better incentive effect on the R&D investment of state-owned enterprises.Therefore,in practice,the government should develop a multi-dimensional preferential policy,focusing on indirect preferential tax policy,in the spirit of adhering to the principle of " reducing taxes and fees" while increasing the strength of tax incentives,taking into account the efficiency,strict prevention and strict control,to ensure that the implementation of all aspects of effective.In the general environment,enterprises should pay more attention to national policies,clarify their own needs,enhance their own innovation capabilities in multiple dimensions,not only to drive their own development,but also to add a force to the development of scientific research in China. |
