Tax Breaks And Subsidies Modeling And Simulation Research About China's Shale Gas Development

The success of "Shale Gas Revolution" in America has given us a new way to solve the energy supply and demand gap.At the end of 2014,according to the Geological Survey,China's three geological shale gas reserves of 5×1011m3,proven geological reserves of 1.067 × 1011 m 3,rich in resources.China began to enter the shale gas exploration and development in 2010,drawing on the United States' successful experience,China's shale gas development to achieve certain results.Shale gas development early investment is high,the investment cycle is long,the government in order to encourage oil companies to enter the shale gas market,drawing on the development experience of the United States,put forward a series of tax relief and subsidy policy.However,China's shale gas exploration and development in the initial stage,geological conditions,infrastructure,pipe network construction,stationed in the shale gas market,the nature of the company are not the same with the United States,how specific to China's actual situation,the use of government subsidies,Relief and other policies to support the development of oil companies,is a very important development of China's shale to be studied.This paper first reviews the domestic and foreign research on the fiscal and taxation policies such as oil,natural gas and shale gas.Secondly,from the perspective of the problem analysis of China's current shale gas policy,the current shale gas policy in China are lack of attention to environmental issues,policy incentives is not enough,operability is not strong enough,but it is worthy of our recent shale Gas development made great achievements.In recent years,the method of system dynamics has been widely used in the field of energy,because the shale gas development system is complex,couldn't do real experiment,the high cost,the waste of resources,so this paper uses the system dynamics method to carry out modeling and simulation research,from qualitative,quantitative analysis of the combination of foreign experience also draws on China's actual implementation of China's shale gas development tax relief and subsidy modeling simulation study.It is found that the government subsidy is necessary for the early exploration and development of shale gas in China.Due to the delay of the policy,the reduction of taxation has a greater impact on the long-term development of shale gas in China.Development speed,corporate profit after tax,the actual production capacity,the market supply and demand gap has a great impact.Therefore,it is suggested that China should implement the subsidy of shale gas for a long time and reduce the subsidy standard appropriately,and formulate preferential policies for the corresponding resource tax,value added tax and enterprise income tax relief.