Research On The Impact Of Tax Reduction Policy On The Upgrading Of Manufacturing Industry Structure

In recent years,the national economy has gradually entered the development stage of "new normal",the economic growth rate has stabilized but the growth drivers have become more diversified,the overall economic structure has been optimized,and the government has streamlined administration and decentralized power to further stimulate the vitality of the market.Therefore,the government has introduced tax reduction policies to cooperate with the supply-side structural reform,promote economic development,and solve and adapt to various new problems under the background of "new normal".It is hoped that this can reduce the tax burden of enterprises,thus achieving the overall development goal of stabilizing economic growth,adjusting industrial structure and benefiting people’s livelihood.In addition,due to the long-term impact of the epidemic,the downward pressure on the global economy keeps rising,while the domestic economy is in a critical period of transition to high-quality development.Both the international environment and the current situation of domestic development are extremely severe challenges to the current industrial structure of China.As a pillar industry of the national economy,manufacturing industry provides a rich material foundation for the modern society.It is related to the production and life of the whole people,and is also an important reflection of the comprehensive strength of a country.It plays a pivotal role in the process of future economic development.In order to promote the upgrading process of the manufacturing industry structure,the government has also formulated corresponding tax reduction policies to reduce the tax burden of enterprises and promote the development of the industry.However,in fact,there is a large space for progress between the implementation of the policy and the initial expected goal,and the policy effect has not reached the ideal state.At the same time,with the change of social and economic development and the upgrading and optimization of enterprise production technology,the deficiencies of tax reduction policies are increasingly highlighted.Therefore,relevant departments should gradually improve the tax reduction policies to promote the upgrading of manufacturing industry structure based on the actual situation,and provide more accurate and effective support for the whole optimization process.Based on a review of relevant field literature,this paper analyzes the current situation of the impact of tax reduction policy on industrial structure upgrading in the manufacturing industry,and collects industry data and analyzes the impact of tax policy on industrial structure upgrading through empirical analysis,which is of great significance for the current research.This article can be divided into five parts.Chapter 1 is the introduction,which includes the background and significance of the topic selection,introduces the research content and methods of the paper,and summarizes and comments the domestic and foreign literature achievements in the research field.Chapter 2 is the analysis of relevant theoretical concepts and mechanisms.It elaborates the specific definition and classification of manufacturing industry,the theory of tax reduction policy and the related concepts of industrial structure,and further analyzes the mechanism of tax reduction policy on the upgrading of industrial structure.Chapter 3 is the status quo of the optimization and upgrading of the manufacturing industry structure and the industrial tax burden.It quantitatively analyzes the change of the tax burden of the manufacturing industry and the overall situation of the industrial structure upgrading.Chapter 4 is about the empirical analysis of the tax reduction policy on the upgrading of the manufacturing industry structure.The financial data of the A-share listed companies in the manufacturing industry from 2016 to 2021 is taken as the sample object,and the data samples are analyzed by multiple linear regression through STATA16.0 software.On this basis,the robustness and heterogeneity of the results are tested.The following conclusions are drawn: first,the implementation of tax reduction policy is conducive to the optimization and upgrading of the industrial structure of the manufacturing industry;second,the degree of the upgrading of the industrial structure of enterprises in different regions is affected by the policy to a certain extent.Finally,the existing problems in the process of promoting the upgrading of the industrial structure of the manufacturing industry are pointed out.The fifth chapter is the policy suggestions.At the end of the article,the suggestions of tax reduction policies to promote the upgrading of the manufacturing industry structure are put forward in detail from the following aspects:further strengthening the reduction of turnover tax,making tax reduction policies based on regional characteristics,improving supporting policies and systems,and ensuring the implementation of tax reduction policies.