Study On The Fiscal And Tax Policy To Enhance The Ability Of Independent Innovation

As a combination of scientific innovation , technological innovation and institutional innovation,independent innovation is a complex and dynamic process with the enterprise as the main body,which is the core power to promote our economic and social development in good way. Facing the intense international competition and the urgent need of domestic development,how to boost independent innovation and enhance the ability of independent innovation has become a significant topic nowadays and in the near future. Because of the"market failure"caused by inherent exterior influences on the innovation process,and the massive demands of resources,it is not an effective way by only using market mechanism to encourage innovation behavior.According to the basic principle of public finance and following the proper governmental intervention principle under the market economy, the fiscal and tax policy can influence some economical factors and eventually affect innovation by the market mechanism. Overseas experience on encouraging innovation by using the fiscal and tax policy also set us a good example. The fiscal and tax policy tools that dedicate to encourage innovation should focus on two points. First,solving the problems such as costs,revenue and risk that is potential in the independent innovation process. Second,encouraging innovation of the enterprise whose main purpose is profit maximization. This can be done by encouraging input,improving the output ability,protecting the innovation patent and so on.In view of the existence of legislation lag,the singleness of the policy instrument,no uniform policy system and together with execution inefficacy,the construction of the fiscal and tax policy that dedicate to enhance our independent innovation ability should be independent innovation-oriented,pay more attention to reduce innovation costs,increase innovation revenue,and avoid risk.Insist on principles such as highlighting key points,getting overall advancement,combining the feasibility with expansibility,standardization and coupled with fairness,all this should start with strengthening policy research,adjusting the favorable policy scope,consolidating the policy implementation,coordinating relative operation and so on.(1)Accelerating the construction of legal system and legal regulations ,standardizing the favorable legislation of fiscal and tax policy that dedicate to independent innovation;(2)Completing tax policy that focus on income tax,value-added tax and tariff,creating an environment that facilitate the operation of independent innovation,encouraging diversified economic entities and increasing the investment of independent innovation;(3)Regulating the method of finance subsidy,deepening the degree of subsidy,promote agencies,focusing on development of venture capital firms;(4)Highlighting the innovation orientation of government procurement,forming the special government procurement organization,establishing the government primary purchases and order system,increasing the quantity of government procurement and adjusting the prices;(5)Building policy coordinated mechanism,strengthening the implementation of fiscal and tax policy, enhancing evaluation of fiscal and tax policy to promote independent innovation,eliminating the policy vacuum.Enhance the ability of independent innovation is a process which require different resources in evolution. The best way we could choosing is guiding everyone to play a part in innovation process with driving power from the fiscal and tax policy.