A Study Of Improving The Fiscal And Taxation Policy Of China's Venture Capital

With the development of the world economic integration, if the enterprise wants to win in competition in the market, the company must get the latest technology which can have the initiative in competition. The financial crisis has seriously impacted our economic entity, if our enterprise wants to share in the international market; they must to strengthen the enterprise technological innovation and spend on the support of venture capital strength. For innovative research of products have externality, high-risk, and uncertainty.In the process of research still need a lot of capital investment and the traditional investment would not involve these industries. Only to increase venture capital support, it can be beneficial to China's hi-tech industry development.Based on a lot of foreign literature, mainly from the finance-taxation policies perspective to promote the development of venture capital and using the preferential tax policies to promote the development of venture capital, then improve the enterprise technology innovation level and finally realize the economic developed rapidly and stability. In the detailed analysis, I wrote some financial policy to support the development of venture capital, current financial policy main problems and put forward some views. I hope these proposals can help our state to formulate some policies. The total is divided into four parts:In the first chapter, this section mainly introduces the background, significance and gives a simple summary of venture capital finance-taxation policies of foreign scholars and domestic scholar. In the end of this part, it introduces the content framework and writing thoughtsIn the second chapter, it gives the reason of why the government should support the venture capital. This section mainly from externalities, asymmetric information, the high risk and uncertainty to analyze the basis of government support venture capital and from the function of venture capital to economic development to analyze the realistic background of the government support venture capital. The government can build good financial conditions, formulate relevant laws and policies and improve the quality of the practitioners to support the development of venture capital. This article mainly aims at finance-taxation policies, establish relevant models and use econometric analysis method, and proof using loose fiscal policy and tax policy can effectively promote the development of venture capital.In the third chapter, it gives the present situation and problems of venture capital in our country. This part analyzes the process of venture capital and present status in our country, enabled us has a more thorough understanding of venture capital. From the angle of investment enterprise, investment institutions, investors summary and explain the present financial policy. Present finance-taxation policies promote the development of venture capital in a certain extent, but also exist certain binding. The main problems are the current fiscal policy is inefficient and tax policy is not perfect, this paper points out two problems of the in-depth analysis. This paper gives in-depth analysis aiming at these two problems.In the fourth chapter, support the development of venture capital in finance-taxation policies choice. Through the analysis of the preceding chapters, this section puts forward the venture capital finance-taxation policy suggestions. Mainly include improving fiscal expenditure on science and technology input method, strengthen the purchasing power of government to high technology products, give full play to the role of government guiding fund and further improving the finance-taxation policy suggestions of invested enterprise, venture capital institutions, and investors.