The Exploration Of Tax Policy Of Promoting The Development Of High-tech Enterprises

Innovation is the soul of a nation’s progress, China also proposed the slogan to improvethe capability of independent innovation and building innovation-oriented country. This papersummarized the research methods and results of scholars about high-tech enterprises taxpolicy and the current tax policies toward high-tech enterprises, introduced high-techenterprises’ features, revealed the relationship between tax policy and the development ofhigh-tech enterprises, thus paving the way to identify the factors affecting the development ofhigh-tech enterprises and to make recommendations on tax policies.Through the empirical analysis of102listed Internet company’s annual report data, weconcluded that the R&D spending, the capital of the corporate and the number of personnelengaged in R&D activities played positive effects on the corporate income. Then this paperdiscussed tax policies toward the three factors which affect the development of high-techenterprises based on the regression results respectively. Combined with internationaladvanced policy experience, we put up policy recommendations.Tax policies to encourage R&D investment are to increase direct tax credit for theresearch and development investment, treat small and medium high-tech enterprises andmature high-tech enterprises differently, and to make use of schools and other researchinstitutions to explore the mode of school-enterprise cooperation.Tax policies to guide the formation of venture capital are to allow tax deduction for theloss of the investment, given certain number of years of tax-free for investment income, andallow tax deduction according to a certain proportion of venture capital investment.Tax policies on the cultivation of high-tech talent are to encourage private capitalinvestment on education, improve educational donation tax deduction policy, expandhigh-tech enterprises’ employee education expenses deduction standards, expand the scope oftax exemption on technology awards, and reduce family costs of education by personalincome tax relief.