Research On The Mechanism Of Tax Incentives To The Ability Of Enterprise's Independent Innovation

Promoting the enterprise's independent innovation ability has became a focus problem in china's reform and development. With the rapid growth of economy, the independent innovation ability of enterprises is becoming more and more important in improving the country's competitive power and economic growth. Therefore, stimulate enterprises to increase innovation is imperative. But compared with the requirement of establishing an innovation-oriented country, the current preferential tax policies in China are far from adequate. Among the numerous current policies which were proposed to stimulate enterprises to increase technological innovation investment, the tax incentive policy turns to the most effective method. However, the design of the system still has some negative effect on technological innovation.On this background,this thesis will research on the effect of tax incentive mechanism to enterprises independent innovation capacity with combined method, including Normative Analysis,Empirical Analysis and Mathematical Modeling. The thesis evaluates the domestic and foreign researches on tax incentive policy nowadays on general at first. Then it establishes mathematical model of enterprise's innovation investment with several most important factors. This thesis researched on the effect of tax incentive mechanism to enterprises independent innovation in three ways, reducing investment on technological innovation, decreasing investment risk and increasing lucre from innovation. And gains the conclusion that tax incentive policy can reduce investment on technological innovation in numerous economic environment. Finally, this thesis find out the disadvantages of the current tax incentive policies through the empirical analysis about the high technology enterprises in development zone, and then this thesis researched on how to perfect the tax incentive policies and construct the tax system to stimulate the technological innovation.By the research, we can acquire the following conclusion and research results: 1,This thesis found out that tax incentive policies can make up the market deficiencies and can affect the innovation through the Normative Analysis about the effect of tax incentive mechanism to enterprise's innovation by using economic theory. This thesis gets the conclusion that the effective tax incentive measure can affect the enterprise's innovation in three ways, cost,risk and lucre, and the different ways of tax incentive may have different effects.2,The previous cost analysis models of tax incentive lack the analysis of cast that produced through the R&D process. They considered the R&D process and R&D fruits separately, severed the link between the R&D process and the R&D fruits. This thesis establishes the mathematical model by considering the innovation activity as an organic whole, and establishes the organic link between the R&D process and the R&D fruits. And this thesis analyses the relationship between the tax policies and the cost of innovation. This model is established on the basis of the relationship between the capital cost and it's influencing factors like the depreciation rate, the inflation rate and so on, after the analysis of the influencing factors through the method of mathematical formula inference under different economic circumstances, this thesis can get the conclusions that the capital cost of innovation is directly proportional to the capital interest,capital depreciation,income tax rate,value-added tax and business tax and it is inversely proportional to the accelerating discount of depreciation, investment credit and interest deduction. The more important is that if the government give more tax incentive to the investment of raw materials and new equipments,intangible assets and intellectual talent, the enterprise's enthusiasm of innovation will be encouraged intensively.3,The thesis empirically analyzes the relationship between the tax incentive and the enterprise's R&D, the result of the research indicates that there has obviously linear relationship between the tax incentive and enterprise's R&D, that means the tax incentive can stimulate the enterprise's R&D.4,Aimed at the current problems like legislative lag,uncoordinated policies and inadequate enforcement, through the empirical analysis, this thesis establishes the tax incentive system to stimulate enterprise's innovation in the ways like strengthen the policy analysis, adjust the preferential scope of tax policies, coordinate the operation of different programs and strengthen implementation of tax policy.