A Comparative Study Of Tax Incentives And Government Subsidies To The Incentive Effects Of R&D Spending

In the new era, the significant role of science and technology has been shown of more clearly, which is not only the source of the development of a country, but also the most important factor of productivity. In the new era, what the Science and technology are attaching importance to high- tech enterprises, the development level of which not only affects the nation’s development and future, but also relates to the achievement of the strategic target of the government. For all countries of world, applied to stimulate enterprise innovation taxing is the key macro-policy of the government, and the meaning of it is much more than financial revenue.In recent years, Chinese government has been introducing a series of policies constantly in this way hoping to encourage development of the research of enterprise innovation. In the above background, discussing the effectiveness of the tax incentive policy has a n important reference significance for the relevant government departments to draft the next public policy.On the basis of previous academic studies, we use both theoretical analysis and empirical assessment, comparing and analyzing the stimulation of the tax incentive and government subsidies to technological innovation of the high- tech enterprises. This study analyzes the incentive effect of the tax incentive and government subsidies to enterprises from the aspect of technological innovation, as well as constructing the analytic mode, looking forward to quantify the specific impact of different tools in technological innovation with the aid of such a mode l. By screening samples and collecting relevant data, we use STATA to go on empirical analysis of the data on this basis. We use 74 high- tech as objects of study from 2009 to 2012, analyzing from three main aspects: first, we index R&D intensity as standards to analyze enterprises’ corresponding sizes with descriptive statistical analysis; second, put forward hypothesis, build models and set up variables, with the comparison of the incentive effectiveness of tax incentives and government subsidies, we can draw out which has the greatest influence on R& D expenditure. Third, we find out that the tax incentive has greater stimulating effect to high-tech enterprises by comparing with the government subsidies from the basic comparison of models. Finally, summarize the main problem the current tax incentives, and present appropriate policy suggestions according to the results of empirical assessment.