Tax Policy Analysis On Environmental Protection Industry Development

As a strategic emerging industry,the environmental protection industry is not only conducive to the adjustment and optimization of the economic structure,but also to the healthy development of the economy,more conducive to the construction of ecological civilization,and to satisfy the people’s longing for a better life.In recent years,with the support of national policies,the environmental protection industry has developed rapidly.In 2017,the output value of the environmental protection industry reached more than 1.3 trillion yuan.However,there are still some problems in the environmental protection industry,such as small scale and disparate development.The environmental protection industry is a policy-oriented industry,and the national macro-policy has a significant impact on its development.As an important part of the country’s macroeconomic regulation and control,taxation policies also have a major impact on the development of environmental protection industry.Therefore,this paper will systematically study how taxation policies affect the development of the environmental protection industry,and propose taxation policy optimization recommendations to promote the development of the environmental protection industry.This article is divided into four parts:Part Ⅰ: Introduction.This part describes the background and significance of the topic,the literature review and review,the research methods and research framework adopted,and the innovations and deficiencies of this paper.Part Ⅱ: theoretical analysis.This section first expounds the relevant theories of the development of environmental protection industry.Then it analyzes the impact mechanism of tax policy on the development of environmental protection industry,and draws the following conclusions: First,Taxation of environmental protection industry will weaken the profitability.Taxation of polluters will enhance the profitability;Second,taxation will weaken the growth of the environmental protection industry.Third,taxation will weaken the solvency;Fourth,taxation will affect the innovation ability.Part Ⅲ: empirical analysis.This part firstly combs the development history of China’s environmental protection industry and environmental protection industry tax policy,and summarizes the problems existing.Then,Based on the data of 32 listed companies in the environmental protection industry,the paper analyzed the changes in the tax burden of the environmental protection industry from 2011 to 2018.Finally,from the four dimensions of profit,growth,debt repayment and innovation of the environmental protection industry,a panel data model is established to analyze the specific impact of the tax burden on the four indicators.Part Ⅳ: Empirical conclusions and policy recommendations.This chapter first expounds the empirical conclusions drawn from empirical analysis: the tax burden has a negative impact on the profitability,growth,solvency and innovation of the environmental protection industry.This section then summarizes the internationally established tax policies that are conducive to the development of the environmental industry.Finally,propose tax policy recommendations that are conducive to the development of the environmental protection industry.