Research On Policy Effect And Tax Collection Of Accelerated Depreciation

In recent years,with the fluctuation of our country's economic situation,the capital sources of enterprises is becoming more and more tense,the cost of exogenous capital is too high while the endogenous source of funding is insufficient,which hinders the further development of the enterprise seriously.The depreciation of fixed assets as an important way of endogenous sources of funds of enterprises needs to be paid enough attention.Before 2014,the fixed assets of our country were depreciated in average under the straight-line method,the depreciation period was long,and the range of accelerated depreciation was small and limited,it exists a big gap between the depreciation methods of fixed assets in developed countries.In this context,in 2014 and 2015,China promulgated a number of preferential measures about accelerate depreciation,in order to reduce the actual tax burden on enterprises,promote the flow of capital,encourage enterprises to update and upgrade equipment and improve their core competitiveness.Up to now,the accelerated depreciation policy has been in effect for more than two years,so the effect of accelerated depreciation preferential policies and whether it has achieve the original purpose of formulating the policies or not is worthwhile to study and analyze.At first,this paper makes a simple analysis and summary of the current accelerated depreciation policies in China,and uses the data of tax supervision in H Province to make a statistical analysis of the current situation of the implementation of the accelerated depreciation policy for fixed assets.The analysis shows that the scope of the enterprises which enjoy accelerated depreciation preferential policies is gradually expanding,beneficiary companies are mainly profit-making enterprises,the proportion of enterprises which enjoy the preferential policies in key industries is higher and so on.Then,starting from the goal of making accelerate depreciation preferential policies,this paper analyzes the effects of four aspects(fixed assets investment,tax burden,capital liquidity,innovative investment)of accelerated depreciation respectively,using the difference-in-differences model,this paper empirically analyzes the effects of the four aspects by taking the tax collection data of H province as a sample.The empirical result shows that the accelerated depreciation preferential policy has a significant impact on the four aspects.Finally,combined with the author's actual work experience,this paper puts forward some problems in the tax collection and management,including the difficulties in implementing the accelerated depreciation preferential policies,the unreasonable work flow and the defects in the performance evaluation,and gives some relevant suggestions.