Study On The Impact Of Environmental Protection Tax Reform On Enterprises’ Green Technology Innovation

With the rapid development of China’s economy,the environmental pollution problem is becoming more and more serious,and it is urgent to solve the environmental problems arising from the period of rough economic development,and how to realize the coordinated development of economy and environment is an urgent problem to be solved.The Fifth Plenary Session of the 18th Central Committee put forward the five major development concepts of innovation,coordination,green,openness and sharing,and green technology innovation is both innovative and green,which can reduce pollution emissions from the source of production,production process and product end by innovative technology means,so as to achieve the purpose of environmental protection,and is the key grasp to solve the coordinated development of economy and environment.Studies have shown that environmental regulation has a significant impact on enterprises’ green technological innovation activities,so whether environmental protection tax,the only independent green tax in China,can also have a significant impact on enterprises’ green technological innovation will be important in guiding the sustainable optimization of environmental protection tax and achieving the dual development goals of economy and environment.This thesis investigates the impact of the change of emission fee to environmental protection tax on enterprises’ green technology innovation in 2018 through qualitative and quantitative analyses.Chapter 1 of this thesis mainly describes the research background and significance,research content,research method,innovation points and shortcomings.Chapter 2 compares the existing literature on environmental protection tax and green technology innovation and summarizes the review of them.Chapter 3 analyzes the system change,revenue characteristics and problems of environmental protection tax in China,and analyzes the current situation of green technology innovation from the perspective of enterprise property rights and enterprise scale.Chapter 4 introduces the theoretical background of the impact of environmental protection tax reform on enterprises’ green technology innovation and puts forward the research hypothesis of this thesis.Chapter 5 introduces the selection and basis of the research sample of this thesis,the selection of research variables and the use of double difference model to study the impact of environmental protection tax reform policy on enterprises’ green technological innovation in 201 8.Chapter 6 further analyzes the impact mechanism of environmental protection tax reform policy on enterprises’ green innovation and analyzes the heterogeneity according to the nature and regional characteristics of different enterprises.Chapter 7 concludes the study and provides corresponding suggestions for environmental protection tax optimization.The findings of this thesis show that the policy of changing emission fees to environmental protection tax in 2018 has a significant positive impact on enterprises’ green technological innovation,and enterprises are more willing to invest in green practical innovation compared to green inventions.In terms of heterogeneity analysis,state-owned enterprises and large-scale enterprises are more sensitive to the policy of environmental protection tax reform;environmental protection tax has a significant promotion effect in regions with different tax collection standards;and enterprises in the three major economic regions are more willing to engage in green technological innovation under the policy shock of environmental protection tax reform compared to non-three major economic regions.In terms of mechanism testing,the environmental protection tax reform policy is promoting green technology innovation by enhancing corporate social responsibility.Based on the above findings,this thesis suggests that the scope of environmental protection tax levy should be expanded,the tax standard of taxable pollutants should be appropriately increased,the support for green technological innovation in non-state and small-scale enterprises should be strengthened,green innovation resources in less developed regional economic regions should be enriched,and the green taxation system should be improved.