Research On Tax Policy For Promoting Small And Medium Size Enterprise Autonomous Innovation

With the unceasing development of economic globalization,the importance of mid-small enterprises(SMEs) has more and more aroused the attention of governments of the world.The experience of the developed countries shows that mid-small enterprises have played an important role in promoting economic growth,creating employment and technical innovation.According to statistics, 99% of the enterprises are mid-small enterprises, and create 60% of the GDP, 50% of revenue, 75% of employment.However, the mortality rate of mid-small enterprises is high in China,and the phenomenon is rare in the world.A number of prestigious companies have emerged in Chinese market in the past twenty years of reform and opening up ,but many have passed their prime now .In 2008, the world economy was into contraction, mid-small enterprises continue to collapse, especially labor-intensive and low value-added industries based on the processing trade.Therefore, how to effectively support and promote mid-small enterprises to innovate independently and develop in the process of building an innovative country , has attracted wide attention.In view of SMEs' major role in the socio-economic development and the existence of market failure in the process of innovation ,it's difficult to encourage SMEs to innovate independently simply on the basis of market allocation of resources.Thus the government's macro-regulation and control in this ares,with tax policy the most important macroeconomic means,have an important role for the promotion of autonomous innovation of SMEs.However, there are really some problems with China,revenue policies in encouraging enterprises in dependent innovation at present, these policies do not work efficiently.It's quite valuable to optimize Chinese revenue policies in order to guide the enterprises to do a better job in further in dependent innovation.This paper examines Chinese autonomous innovation of SMEs and existing relative revenue policies,and gives out some corresponding suggestions with comparing the difference between China and overseas'revenue policies,studing the operation mechanism and effect of revenue policies in encouraging enterprises' independent innovation.There are six parts in this paper: The first part: The introduction.In this part,the article iscussed the topics background and significance of the research,the general line and structural arrangements.The second part: Independent innovation and the related tax policy . Define the concept of independent innovation and mid-small enterprises;As the external innovation, high risk and asymmetric information, emphasized the the need that tax policies encourage enterprises to inhance independent innovation capability;described the operation mechanism of revenue policies in encouraging enterprises' independent innovation, tax policies affect innovation in human capital, cost, revenue, special funds, and the risk of innovation ,and than influence the industry's innovation investment.The third part:The status of innovation of SMEs and related tax policies in China.This part .Analyse the status of innovation of SMEs and related tax policies in China,and pointed out that there are many problems in our country's tax policies on encouraging independent innovation:The lack of revenue policies for autonomous innovation of SMEs;tax incentives for independent innovation in human capital are absence; not yet formed tax incentives onintegration of production, teaching,and research;the legal status of tax laws ofindependent innovation is low.The fourth part:The incentive effects of independent innovation of tax policies in China.In view of income tax ,the deduction of pre-tax , investment tax credits, accelerated depreciation and other preferential policies, to analyze the incentive effect with the capital cost model , the following conclusions:Chinese current tax policies for enterprises have played a role in independent innovation in varying degrees,and on this basis,put forward the direction of Chinese tax policies in the promotion of independent innovation.The fifth part:The comparison and analysis of tax incentives of foreign enterprises' innovation.This part describes preferential tax policies for independent innovation in the United States, France, South Korea, Japan , and make a comparative analysis with national,the conclusion:we should pay attention to revenue policies in encouraging SMEs in dependent innovation,design the tax incentives in field of research and development, focusing on the integrated use of various tax concessions, implement people-oriented tax policies,establish our own distinctive system of tax laws. The six part:The reform and improvement of tax policy of dependent innovation of SMEs in China.According to the results, put forward policy recommendations of tax incentives for SMEs' innovation.It includes:(1)The key benefits transfer from the industry chain downstream to upstream industrial chain;(2)Choice reasonable and effective way of preferential;(3)Enhance the the legal status of independent innovation of the tax policy;(4)Establish a industry-university-research institute for SMEs;(5)Improve tax policies of the human capital investment;(6)Establish the tax incentive system for venture capital;(7)Set up special fund for independent innovation of enterprises;(8)Establish the benefit assessment system of preferential tax policies measurement of independent innovation;(9)Sound the system of capital market.Main innovative work:(1)At present, the research on preferential tax policies for enterprises' in China is fragmented, particularly related to SMEs is less, the writer designs a specific and systematic system of tax policy for small and medium enterprises and makes related measures in this paper;(2)With the studies of foreign capital cost,combined with our country's current independent innovation tax policy to establish the capital cost model,and calculate incentive effect of the innovation tax policy on the investment capital cost.