Research On Fiscal Policy Of Solving The Financing Difficulty Of SMEs In China

As the world’s common enterprise groups,SMEs play an very important role in economic growth,technological innovation and maintain social stability which has a significant impact for the rapid and healthy development of China’s economy and society.under the influence of the financial crisis,the burden of taxes,increasing operating costs and financing difficulties have become a bottleneck which limited the orderly and healthy development of SMEs. From the perspective of government,using fiscal and tax policy should be a breakthrough in solving SMEs’financing problems.The study of fiscal policies is not only a major issue in today’s fiscal policy research theory which provides a theoretical basis for the government fiscal revenue formulate economic policies to support SMEs’development,but also it helps to promote SMEs to have a healthy development of high-speed and a strategic national industrial structure adjustment and upgrading.As the most important financial support,fiscal and tax policies should accomplish much in supporting the development of SMEs.This paper is based on the fiscal policies,combined with the actual situation of SMEs in China,it makes more specific ideas and suggestions for fiscal policy towards to SMEs’development.From the perspective of using fiscal policy to solve the financing difficulties of SMEs, this paper refers to the relevant domestic and foreign literature and uses the quantitative analysis,qualitative analysis,comparative study and literature review method.It analysis of the limiting factor in fiscal policy,finds out these factors which hindered the development of SMSrlack of financial investment and tax incentives motivate,government procurement system and government credit guarantee system is not perfect.Combing the practice of United States,Japan and Korea, it summarizes their relevant experience,combined with the actual situation of China’s SMEs financing and the existing fiscal policy,from tax breaks,financial support,guarantee system and government procurement experience to learn and reference.Using mathematical models to solve the financing problem of SMEs, it obtain an empirical analysis of the conclusion which both from a financial and tax in solve the financial problems.Increasing financial discount,establishing the special funds for the growth mechanism of SMEs,intensifying structural tax cuts,improving the credit guarantee compensation mechanism and other fiscal policies,supporting measures to solve the difficult the financing problem of SMEs.