Research On The Effect Of R&D Expenses Deduction Policy For Enterprises Technological Innovation

The Research and Development Expenses Deduction Policy is an important measure to guide enterprises' independent innovation and promote scientific and technological progress.The tax cuts of above scale industrial enterprises has increased from 17.819 billion in 2010 to 37.976 billion in 2014 since this policy was implemented with the powerful 50% preferential deduction.Although this policy has been implemented for many years,there are some problems in positioning,design and management,leading enterprises to continued difficulties and obstacles in the implemention process,which could make enterprises fall into the “policy paradox”.Therefore,what about the actual efficiency and effects of this policy? Does it promote enterprises' innovation and progress?Given to these questions,government departments or enterprises has been ignored the detection and feedback of its implementation,many problems have not been paid attention to,resulting in the failure of its expected effects.Based on this,this paper analysed the current implementation status of the Deduction Policy in the country and different regions and then,we take an emprical study on the policy effects on enterprises technological innovation using the listed high-tech enterprises as samples,which provides empirical support for the further strengthened implementation of the policy.Finally,combined with the practical experience and the analysis results,this paper puts forward some suggestions on how to improve the design and implementation of the policy.First,this paper has undertaken transverse and longitudinal descriptive and statistical analysis on this policy,to understand efficiency and effects of different regions and types of enterprises.The results show that all the regions have certain efficiency and effects,but there exists profession uneven,area uneven and imbalance between investment amount and the deduction.On this basis,this paper untook emperical analysis on listed high-tech firms,results show that its role in promoting the enterprise technological innovation arose until 2014 and further expanded in 2015,enterprises' policy implemention exists lags and instability.Finally,according to these results,we present many suggestions,such as govements change their work mechanism and enterprises standardize their financial accounting,especially for many provinces and regions whose efficiency is low,increasing the policy effects on promoting enterprises innovation and profitability.This paper individually study the effect of the very important tax preferential policy on enterprises' sentific innovation,using not only macro data to observe over all effect but also micro data to assess micro effect,thus presenting a comprehensive assessment,which provides theoretical basis and counter measures for further more effective policy implemention for enterprises and relevant government departments.