Research On The Influence Of Tax And Fee Reduction Policies On The Financial Performance Of "Little Giant" Firm A

The concept of "little giant" firms has been around for a long time,but domestic research on "little giant" firms as a research object has not been conducted for a long time.During the period of the 14 th Five-Year Plan,China proposed to accelerate the growth of a number of "little giant" firms,which focus on niche markets,concentrate on their core business,have strong innovation capacity and good growth,and introduced a series of policies to support the high-quality development of these industries.This study provides some pointers for "little giant" companies to make effective use of the policy dividend and improve their financial performance in the context of tax and fee reductions.This paper uses the literature review method,the case study method and the empirical research method to investigate the relationship between the tax burden and the financial performance of firms,as influenced by tax reduction and fee reduction policies.The paper also provides a detailed definition of financial performance and the relevant theoretical foundations.This paper focuses on the new round of tax reduction and fee reduction policies to be implemented in 2019 and the research object is Company A,a "little giant" in the drone industry.The impact of different types of policies on financial performance is examined separately.A grey correlation analysis was then used to test the impact of different tax reduction policies on different dimensions of the financial performance of Company A,a "little giant".Finally,suggestions were made to improve financial performance.The results of the study show that the policy of reducing taxes and fees has a positive impact on the financial performance of "little giant" firm A,but the magnitude of the effect is limited.There are both external and internal factors that make it difficult to improve the financial performance of the company.This paper proposes ways to enhance bargaining power,optimise internal governance,strengthen capital flow,promote technological innovation and optimise the tax working mechanism for a coordinated development in response to the challenges affecting corporate financial performance.