Research On The Impact Of Fiscal Policy Into High Technology Service Listing Corporation R&D

In the era of information technology, the development of science and technology plays in the production of an increasingly important role in technological innovation decide the future of the industry’s prospects, technological innovation capability of enterprises to enhance the development of the country and enhance the competitiveness of enterprises, the Government need to continuously invest in R&D to promote the industry, and enhance the core competitiveness. Chinese new high-tech services as strategic industries, the most promising is a new thing and innovation vitality, is an extension of the high-tech manufacturing, modern service industry is highly technological and knowledge-intensive industry group integration, the development of high-tech services, to enhance our ability to innovate technology, promote the optimization and upgrading of industrial structure whole, thus contributing to the sustainable and healthy development of the regional economy has very important significance. High-tech service industry has become a new economic growth point. However, how the current development of Chinese high-tech services like, how technological innovation capability of high-tech service enterprises, and government fiscal policy for a series of high-tech service enterprises is valid, how the extent of fiscal policy incentives. Chinese scholars on these issues mostly related research from the high-tech industry, manufacturing and other industries of view, few studies of high-tech services, but the high-tech service industry has been our institutions an integral part of their study-related issues and make reasonable suggestions to improve the technological innovation of Chinese high-tech service industry has an important practical and theoretical significance.This article first high-tech services, high-tech service enterprises, fiscal policy, research and development activities of these concepts were defined, after the adoption of corporate R&D investment, and domestic and foreign government-related theories on fiscal policy and taxation policies to support research and development of high-tech services investment activities related literature review and sort out the theory analysis of the incentive effects of fiscal policy research and development activities for the following study theoretical groundwork done. Then this paper, empirical analysis, combined with previous research, select business R&D intensity, government subsidies, income tax, VAT tax and other indicators, high-tech services for listed companies’ panel data analysis. The results of this empirical test results:(1) government tax breaks and subsidies for business R&D investment has incentive. (2) government tax incentives in the form of corporate income tax and business tax turnover tax and corporate R&D investment intensity of negative correlation, but the impact of the income tax burden than the turnover tax burden on a greater role in R&D investment. (3) direct government subsidies and corporate R&D investment was a significant positive correlation, namely financial subsidies for companies R & D investment has a direct incentive; size of the business and corporate profitability and corporate R&D investment was no significant correlation, in this paper, the study selected 30 listed companies for high-tech service class; the conclusion may be to some extent, on behalf of fiscal policy to support the overall situation of high-tech enterprises.According to the conclusions drawn in this article, there are four suggestions. First, Chinese tax revenue from the concessions should relax high-tech R&D expense deduction services companies, accelerated depreciation of intangible indirect benefits, further expanding the tax credit area, direct way to reduce tax rates. Second, the government should speed up the value-added tax from the "production VAT" to a "consumption VAT" transformation. Furthermore, the government can combine characteristics of Chinese high-tech services, were used in the production of different aspects of different taxes and different combination of incentives, tax incentives to increase efforts to further expand the scope of government tax incentives, tax incentives to make more earth exert corporate R&D investment incentives. Finally, the government needs to strengthen direct subsidies to business R&D investment, but also need to play a supervisory role of the government, making the implementation of government financial subsidies more transparent, reducing subsidies to various adverse factors generated in the process, to ensure that government subsidies Corporation R&D investment incentives play more fully. I hope these suggestions can be made to the Government to formulate fiscal policy to provide reference, so that it can better promote the high-tech R&D investment services enterprises.