The Fiscal And Tax Policy Research Of Relieving Small And Medium Enterprises’ Financing Difficulties

Small and medium enterprises (SMEs) are one of the main body of the implementation of the policy that the government encourages people to start their own businesses and to make innovations. SMEs are the main force to promote scientific and technological innovation and have the unusual strategic significance to the national economy and the social development. SMEs play an important role in supporting economic growth, adding jobs, maintaining social stability and so on.Under the new situation, the development of SMEs needs adequate and stable financial support. But for a long time, the financing channels of SMEs in our country are not free, and the financing is difficult, expensive and slow, which has restricted their development and growth. Since the existence of difficulty in small scale, lack of credit and bank loan, the problem of shortage of funds for many SMEs have not been properly resolved.For a long time, the Chinese government has made some achievements in easing the difficulties of SMEs finance through fiscal, tax policy and other macro-control means, and the use of special funds, government procurement, tax incentives and other measures to support the development of SMEs. But in this process, the financial and tax support, etc., need to be further improved. Formulation and application of effective fiscal policy and tax policy, reform and innovation in investment and financing mechanism, alleviate the financing difficulties, financing cost is too high. We need to develop and apply effective fiscal policy and tax policy, reform the innovation investment and financing mechanisms to ease the financing difficulties and high costs of SMEs, which are of great significance to our policy of encouraging people to start their own businesses and to make innovations, also to the national economy.This article reveals the domestic and foreign fiscal and tax policy which supports the history and current situation of the financing of SMEs, and analyses the existing problems and the reasons through reviewing and analyzing relevant literatures; explains the current situation of the fiscal policy to support the development of SMEs in Fujian Shishi through the on-the-spot investigation; briefly introduces the experiences and practices of the United States, Japan, Germany which use finance policy to support the SMEs and sums up the inspiration that is worth learning from; puts forward the suggestions to improve the financing of SMEs in China’s fiscal and taxation policies with the basic national conditions of our country.The innovation of this article lies in:first is from the perspective of generalized fiscal policy. Through the analysis on the present situation of financing of SMEs and learning from the foreign good experiences and practices, it attempts to explore how to establish a new and perfect difficult fiscal and taxation policy system with Chinese characteristics to alleviate the SMEs financing difficulties, especially in the current economic slowdown pressure. We need to establish a set of fiscal and tax policy with timeliness and pertinence for the support of incentive mechanism, and alleviate the financing difficulties of SMEs. Second is to take Shishi’s fiscal and tax policy support in the financing of small and medium sized enterprises as an example to conduct in-depth analysis, sum up its good experience, identify the problems and prove that the optimization of the financing of small and medium-sized enterprise finance and tax policy support suggestion through the typical case analysis.