Research On Environmental Tax Reform And Enterprise Innovation

Environmental protection is an inevitable choice for realizing the sustainable development of China's economy.Since the reform and opening up,China's economy has maintained rapid growth and achieved remarkable economic development.However,the extensive economic development model of high growth,high energy consumption and high emissions has brought about a series of environmental degradation problems,and the environmental carrying capacity has reached or approached the upper limit.,seriously affecting social production and people's lives.Due to the negative external nature of environmental pollution,it is difficult for market mechanisms to effectively solve this problem.Environmental protection tax,as a milestone in China's transition to a “green tax system”,is an effective tool to compensate for market failures.The environmental protection tax can encourage enterprises to innovate and achieve the dual goals of protecting the environment and promoting industrial upgrading.With the levy of environmental protection tax,the impact of environmental protection tax on enterprise innovation has gradually become a research hotspot.Taking environmental protection tax and enterprise innovation as the research content,this paper starts with the related theories of environmental protection tax and enterprise innovation,and reviews the related documents of environmental protection tax,enterprise innovation,environmental protection tax and enterprise innovation,from “promotion effect” and “obstruction effect”.Mechanism studies were conducted on two aspects.On this basis,the hypothesis is put forward and an empirical model is established.The data of 88 heavily polluting enterprises in 2014-2018 are used to empirically study the impact of environmental protection tax on enterprise innovation.The research shows that the implementation of environmental protection tax can promote the increase of innovation in heavily polluting enterprises.Input and innovation output.The case analysis of the typical enterprise Hegang is carried out,and the empirical research results are illustrated and tested.The countermeasures are proposed based on the empirical analysis results.The contributions of this paper are as follows:(1)The innovation of research perspective,the impact of environmental tax reform on corporate innovation from the enterprise level,and enriched the relevant research on the implementation consequences of environmental protection tax.(2)The innovation of research methods.This paper combines empirical research with case studies and uses enterprise microdata for analysis.