Research On The Effect Of Income Tax Preference On R&D Investment Of Energy Conservation And Environmental Protection Enterprises

Innovation leads development.In order to build a new domestic development pattern and promote high-quality social and economic development,we must rely on scientific and technological progress.At the same time,international competition intensifies gradually,and all countries want to seize the development opportunity by looking for a breakthrough in science and technology.If China wants to maintain its competitive advantage in the international community,it must constantly encourage R&D to keep the technological level ahead.In recent years,China’s scientific and technological innovation as a whole presents a positive development trend,the R&D investment is expanding,and the output rate of scientific and technological innovation patents is accelerating.And the state vigorously supports the development of strategic emerging industries,which fully shows that the state increases innovation and promotes national and social progress with scientific and technological progress.As the core body of the market,the R&D innovation of enterprises is of great importance.However,because of the knowledge spillover of technological innovation,it is easy to cause market failure.Meanwhile,the high investment,high risk and long cycle of R&D activities are likely to hinder the R&D innovation of enterprises.Therefore,in order to solve the above problems,the government has issued a series of preferential tax policies to reduce the cost and risk of R&D and innovation of enterprises and protect their enthusiasm for R&D and innovation through macro-control.For energy conservation and environmental protection industry,scientific and technological innovation is the key to development.With the increasing lack of resources and serious environmental damage,the demand for energy conservation and environmental protection is growing due to its strong public welfare.Therefore,how to effectively encourage the energy conservation and environmental protection industry to increase R&D is of great significance.This paper consists of five parts.The first part: introduction;the second part:theoretical analysis,including basic theory basis,the connotation of R&D and income tax incentives,and the mechanism of income tax incentives for R&D;The third part: analysis of the current situation,through sorting out the data and sorting out the preferential policies,analyzes the current situation of income tax preference and R&D investment of energy-saving and environmental protection enterprises;the fourth part: empirical research,through the data to analyze the tax incentive effect of energy conservation and environmental protection enterprises;The fifth part: policy recommendations,combined with the theory and empirical research,to improve the tax incentives for innovation.The innovation of this paper has two aspects: first,object innovation.This paper selects energy conservation and environmental protection enterprises to study their tax incentive effect.With the rapid development of the industry in recent years and the strong support of the state,the industry has become a pillar industry in China.Therefore,the perspective of the research on the industry is innovative and conforms to the current development characteristics of China.Secondly,the chain of analysis is extended.This paper not only studies the tax incentive effect of the energy conservation and environmental protection industry,but also explores the tax incentive effect of the industry under different equity properties and regions The different effects provide the basis for improving the income tax preferential policies to promote R & D innovation.The conclusion of this paper is that income tax preference can encourage energy conservation and environmental protection enterprises to increase R&D investment,and the tax incentive effect is heterogeneous.However,there are still many deficiencies and challenges in the income tax preferential policies and R&D investment of energy conservation and environmental protection enterprises in China.So it is necessary to further improve the preferential tax policy in order to enhance the power of R&D of energy conservation and environmental protection enterprises.