Research On Tax Incentive Policy To Stimulate Technological Innovation Of Enterprises

The current global economic recovery is slow, the European debt crisis continues to spread, external demand is weakness. Under this macroeconomic environment, in order to achieve the upgrading of industrial structure and the way of economic development to change, we must use innovation as a breakthrough, converted to low-cost elements drive the engine of economic growth driven by innovation. In2012China Development Forum, Vice Premier Li Keqiang pointed out that to promote structural adjustment depends on innovation,"we must adhere to enterprises as the mainstay, market-oriented ".Innovation is regarded as the core of modern economic growth and the essential factor to promote the economic development. According to statistics, the contribution rate of innovation in the early20th century from6%to25%, to the late twentieth century and early twenty-first century rose from75%to85%. In today’s world economy, technological innovation in economic development is increasingly important and the competition between countries is gradually becoming a science and technology competition. Since the1990s, the developed countries has promoted their technological innovation, and has controlled of the commanding heights of science and technology as the focus of the international competition. Thus began, countries around the formulation of development plans, continue to strengthen the capability of independent innovation in science and technology, in order to enhance the country’s competitiveness. China’s scientific and technological development has always lagged behind in economic development, scientific and technological innovation in the low level, and key technologies depend on foreign countries highly. However, in recent years, as the technology blockade of the developed countries growing, trying to optimize the industrial structure through the introduction of new technologies and products is becoming more and more difficult. Therefore, strengthening the independent innovation of science and technology has become China’s most pressing national strategic needs and goals. After years of development, business R&D investment in China from the last century about30%has rose to more than60%up to now, and the enterprise’s position as the main R&D investment is gradually taking shape. Due to the technological innovation results can not be monopolized by innovative enterprises, it will eventually become public goods along with its diffusion. That is, in the field of technology innovation exists market failure. Under this circumstance, the government must adopt measures to encourage enterprises to carry out technological innovation. As one of the important means of government macro-control, tax policy has its unique advantages in promoting technical innovation. Tax policy can regulate the costs and benefits of innovative enterprises, and ultimately achieve the goal of rapid and healthy development of innovation-driven enterprise, which is the basic direction of tax policy adjustment in the current and coming period.From the point of view of tax policy, this article aims to analysis the technology innovation of enterprises and some related issues. The article is divided into five main sections:Firstly, this paper introduced the research background and the significance of this article, and this chapter’s key point is the domestic and foreign research present situation namely correlation theories research summary.The second part, from the status quo of enterprise technology innovation, the paper analyzed the development of enterprise technology innovation, achievements and existing problems, and explained the importance and relevance of the technological innovation of enterprise development.The third part, starting from the characteristics of the enterprises’technological innovation lead to market failure requires government intervention, emphasizing the unique advantages and necessity of the tax in Enterprise Technological Innovation. Then the article analyzed the mechanism of tax incentives for enterprises’ technological innovation, providing a theoretical basis for later analysis of the problem and making related recommendations.The fourth chapter firstly reviewed China’s preferential tax policy development process of science and technology, then the paper used empirical methods to analyze the actual incentive effects of the current preferential tax policies for enterprises’ technological innovation. Based on previous research, the paper analyzes the limitations of the tax policy of Enterprise Technological Innovation at this stage.The fifth part, on the basis of the previous the text theoretical analysis and empirical analysis motivated the design principles of the tax policies of the enterprise technology innovation, and put forward concrete proposals to improve the relevant policies for the current tax incentives limitations.