The Impact Of Tax Incentives On The High-quality Development Of Enterprises In Central China

The report of the 19 th National Congress of the Communist Party of China proposed that China’s economy should shift from a stage of high-speed growth to a stage of high-quality development.The report of the 20 th National Congress emphasized accelerating the construction of a new development pattern,focusing on promoting high-quality development,and making high-quality development the primary task of comprehensively building a socialist modernized country.The development of the central region,as an important development strategy of the country,was proposed in 2006 for the rise of the central region.In 2021,the State Council issued the "Opinions on Promoting High Quality Development of the Central Region in the New Era",which once again placed promoting the development of the central region in an important position.The high-quality development of the central region is the high-quality development of enterprises in the central region.Under the policy background of the Western Development,the reform and opening up of the eastern coastal areas,and the revitalization of the old industrial zones in Northeast China,although the development of the central region has made great progress,it also faces many problems,leading to the low quality of enterprise development.Therefore,starting from the path of high-quality development for enterprises,this article takes listed companies in six central provinces as the research subject,explores the impact of tax incentives on the high-quality development of central enterprises,and conducts research based on the basic line of raising,analyzing,and solving problems.The research object is specifically analyzed in five chapters.This article mainly uses literature induction and empirical analysis methods for research.On the basis of clarifying the connotation and essence of high-quality development of enterprises,analyze the influencing factors and tax policy deficiencies that affect the high-quality development of central enterprises.From three aspects of reducing enterprise risk,correcting externality,and guiding enterprise development direction,this paper discusses that tax policies affect enterprise cash flow,which affects enterprise profitability and innovation ability,and then affects enterprise high-quality development level.The cash flow of enterprises has a moderating effect on the impact of tax incentives on the high-quality development of enterprises.Using principal component analysis,measure the high-quality development level of the enterprise from three aspects: business performance,profitability,and innovation ability,and calculate the comprehensive score by extracting principal components.The fixed effect model is used for basic regression,the method of changing variables is used to test the robustness of the results,and then the corporate cash flow is used to verify the moderating effect,and the heterogeneity analysis is conducted by industry.The conclusion of this article is that tax incentives have a promoting effect on the high-quality development of enterprises;The cash flow of enterprises plays a promoting role in the impact of tax incentives on the high-quality development of enterprises,and the promotion effect of tax incentives on the high-quality development of central enterprises is evident in the manufacturing industry.Based on the results of theoretical analysis and empirical verification,draw the conclusion of this article and propose targeted suggestions.Therefore,this article proposes suggestions from three aspects: increasing tax incentives for corporate cash flow,improving tax incentives among industries,and formulating tax incentives to narrow regional tax burden differences.