Research On Tax Policies Of Supporting The Development Of New Energy Industry

Since the beginning of the twenty-first century, the global climate has become an increasingly important issue, energy supply and demand contradiction intensified day by day, countries around the world have started to adjust their energy policies based on the consideration of energy supply security and sustainable development, the development of new energy has been to the national development strategies. China has also paid unprecedented attention to the development of new energy industry, started to take a variety of policy measures to support and promote the development of its own new energy industry.Tax policy, as an important means of macroeconomic control, is able to play an important role in promoting the process of the development of new energy industry. According to the gist of the regulations and policies promulgated by the State Council and other departments concerned, following the principle of adjusting the industrial development through tax policy, based on the issues aroused in the taxation supporting for the development of new energy industry, and referring to the examples and experiences shared foreign countries, the paper deeply and comprehensively researched the taxation of supporting for the development of new energy industry through connecting theories with practices, combining literature references with actual investigations and comparative study. Hereon, the paper offered relevant suggestions supporting for the development of new energy industry by Tax policies.Study found that our current tax policy supporting for the development of new energy industry, still had some problems and shortcomings, such as:tax policy is still relatively scarce, and the lack of systematic, lack of specificity. In respect of the specific tax policy, many of the existing preferential policies do not really play a role in promoting the development of new energy industry. Referring to the examples and experiences shared foreign countries, the paper offered relevant suggestions supporting for the development of new energy industry by Tax policies, such as:In VAT, All of electricity and heat produced by solar, hydro, geothermal and other new energy should implement the policy of half of tax refund; in business tax, finance and insurance provided by credit guarantees to new energy industry enterprises should implement tax benefits; In the corporate income tax, the cost of the research and development of new energy technologies, and product should have an more additional deduction, and allow new energy enterprises with focus on supporting to deduct extract technology development reserve in the calculation of taxable income, and so on.There are two main innovations:first, the paper analyzed the Characteristics, advantages and disadvantages of the way of a variety of tax incentives to promote the development of new energy industry, and used it when we proposed tax policy reforms to support the development of new energy industry; second, the paper deeply and comprehensively researched the problems of the taxation of supporting for the development of new energy industry, and proposed specific reform suggestions of the tax policy. The inadequacies of this article is that there isn’t econometric analysis concerning the effects that current tax policy supporting for the development of new energy industry, and the paper did not make a specific prediction analysis of the effect what implement the reform proposals.