The Empirical Research On High-Tech Enterprises Preferential Tax Policies In The Perspective Of Innovation-driven Development

From the industrial economy of the 17th century industrial revolution to the 1970s,the "post-industrial economy" and to the era of the knowledge economy in the 21st century,science and technology is undoubtedly the main power to promote the economic structure significant change.In the present age,Innovation is the driving force to economic growth,the soul of national progress,and an important component of a country's overall national strength.Internationally,every country attach great importance to improve innovation ability,innovation has risen to the national level of national strategy,as a national priority,and in order to occupy the commanding heights of science and technology,all countries increase the investment in innovation,it is clear that innovation is important to the development fora country.China,as a manufacturing power in the world,faces a situation of "big and not strong",the fundamental reason is that the enterprise'sindependent innovation ability is insufficient.In 2012,the party's 18 clearly put forward "science and technology innovation is the strategic support to improve the social productive forces and overall national strength,it must be placed in the core of the national development." The meeting also emphasized to adhere to the road of independent innovation with Chinese characteristics and implement the strategy of innovation driven development.On January 10,2017,at the national work conference about science and technology pointed out that R&D in 2016 accounted for about 2.1%of GDP,enterprises accounted for more than 78%,the contribution rate of scientific and technological progress to economic growth to 56.2%.But the world's developed countries like the United States,Japan,the science and technology progress contribution rate has reached more than 80%,so China still have a gap compared with developed countries.As the main force of scientific and technological innovation and the industry leaders,High-tech enterprises play an irreplaceable role in realizing innovation-driven development.Therefore,through improve the independent innovation ability of high-tech enterprises to promote the transformation of the economic growth mode,finally realize the innovation driven development,which is an important task of China's imminent.In the process of implementing innovation driven development,cannot leave the government's support,as the important way of fiscal policy and the important tool of State macro-control,preferential tax policies should boost innovation driven development.In this paper,based on the research on the preferential tax policy of high-tech enterprises in China and abroad,I formed my own research framework.Firstly,I analyze the preferential tax policies of high-tech enterprises by theory;Secondly,I analyze the current situation of high-tech enterprises and its preferential tax policies;Thirdly,I think of the panel data of 185 high-tech enterprises listed on Shenzhen small and medium-sized plate board from 2012 to2015 as the research objects,by establishing econometric model and conducting empirical analysis,R&D intensity is the important indicators to judge a country whether realize the innovation-driven development,and is also the main criteria to measure the size of the independent innovation ability of an enterprise,so the author choices the R&D intensity as the explained variable,and the turnover tax and income tax as the explained variable to analyzing the effect of preferential tax policies;Empirical results show that the current tax preferential policies of high-tech enterprises can increase the innovation ability of enterprises,but the function is limited,and in comparison with the turnover tax,the effect of tax preferential tax policy is more significant.For every 1%reduction in the income tax burden,companies will increase their R&D intensity by 0.11%.Except for tax incentives,the innovation ability of enterprises will also be affected by the ratio of R&D personnel,return on equity,equity structure,asset-liability ratio,risk investment and industrial nature.Finally,drawing on international experience,in order to realize the development of innovation-driven development,the tax preferential policies of China's high-tech enterprises are proposed,for example,speeding up legislation on preferential tax policies,giving play to the role of value-added tax preferential tax policies,improving enterprise income tax preferential policies by riching the way of tax incentives,perfecting human capital and risk investment,increasing support for high-tech manufacturing enterprises and relevant supporting measures.