The Empirical Research Of Tax Credit Promoting Corporation Technological Innovation

In the twenty-one century, the science and technology innovation of a country becomes as the primary productive force of civil economy and the corporation technological innovation is the important one. Now, all the countries, especially US and European, have been concerned about the technological performance of their countries' corporations. They usually lay policies to intervene the corporations' R&D input through inpouring public funds into corporation. Commonly, there are two ways that the governments support the corporations' R&D input. One is the direct way including government allowance and government purchasing, the other is the indirect way such as tax credit which is the leading one. All of the countries' policy makers are preferring to the indirect way because of various limits, for instance economic condition, finance budget etc. In other words , the tax credit holds the important role when the governments support the corporations' R&D input.Then, do those policies to promote corporations' R&D input work? The worldwide economists have been persisting in researching and analyzing it. In all the researching methods, the three kinds is the most important, that is events and cases analyzing method, natural experiment method and semi-experiment method. And the last is the wide. This paper also selects this method as research model to research and analyze the impact of fiscal incentives about China' s tax credit on the level of R&D investment, combining with comparing domestic and overseas R&D tax credit policies. Its final objective is to raise the rational propositions about my country' s science and technology tax credit policy and make it come true that promote corporation technological innovation.