The Research On The Fiscal And Taxation Policies Of The New Energy Industry In China

Energy is the foundation of human survival and development. Since the global economic crisis, the competitive trade relationships and energy supply patterns have changed. The new energy industry that features clean, low carbon, and renewable sources, with environmental protection, is on the rise. The basic purpose of this article is to analyze the fiscal and tax status and existing problems of the new energy industry from the viewpoint of finance and economy; and to examine it with economic theory to explore potential scientific and effective fiscal taxation policies to promote the development of the new energy industry.This paper has six parts. The first part is introduction; The second part introduces the theoretical basis and mechanism of fiscal taxation policies promoting new energy industry. The third part analyzes the current situation and development trends of China’s new energy industry and focuses on wind, solar and nuclear energy with a large amount of data. The forth part reviews and analyzes United States, and Japan’s new energy industry fiscal taxation policies. It finds that in comparison to the developed countries, China’s fiscal taxation policies are no complete preferential policy systems. The fifth part analyzes the effects of tax decrease(tax policy indicator), tax return(tax policy indicator) and government subsidies(fiscal policy indicator) on new energy industry with fixed-effects regression model. It shows that tax decrease and tax return policy can promote the technological progress of listed companies and increase of the enterprise benefit. The government should intensify tax support and promote the development of new energy industry; Although the government subsidy policy can promote the technological progress of listed companies, it produces negative effects on the profits of listed companies for new energy resources. It shows that the government subsidies have no contributions to the profits of listed companies. The government should focus on it. The starting point of the government subsidies is good, but it did not bring the desired effect because of the way is wrong. The last part puts forward the guiding ideology of fiscal taxation support and targeted policy recommendations. Fiscal policies include increasing financial support and increasing subsidies to the new energy industry. Tax policies include improving the existing tax, levying energy taxes, and improving the system of tax allocation.