Research And Development Expense And Deduction Policy Effect Analysis

Enterprise R&D activity is the process of enterprise innovation,it is not only an important basis for enterprise reform and innovation,but also an important driving force for the implementation of innovation and economic and social sustainable development in china.How much money into research and development to a great extent on behalf of the enterprise technology innovation,but innovation activities in the implementation process there are also some risks and uncertainties,because the market mechanism can not compensate,but only rely on the market mechanism of supply from R&D activity tends to result in market failure.To solve this problem,it is necessary for government departments to tax incentives for enterprises to reduce the cost of innovation.The R&D expense deduction policy is a policy of universal interest to the enterprise and the society.At present,the country to promote the main measures to increase R&D enterprises including tax incentives and government subsidies,as tax incentives for research and development expenses deduction policy to a certain extent,enrich the enterprise cash flow,so that enterprises have sufficient funds into research and development,so as to promote the innovation of enterprises.The effectiveness of the policy and its policy mechanism have been highly concerned by the theoretical and practical circles at home and abroad for many years.The Yangtze River Delta region is rich in science and technology resources and relatively strong in innovation ability.As the economic center of the Yangtze River Delta,Suzhou has a good model value.Taking Suzhou city of Jiangsu Province as an example,this paper focuses on the implementation effect of the additional deduction policy aimed at promoting the independent innovation of enterprises and improving the performance level of enterprises.This paper first illustrates the basic concepts of R&D costs,additional deductions,and reviews the development and changes of our country's additional deduction policy.The combination of domestic and foreign scholars theory and research literature,through the issuance of enterprise questionnaire and organize relevant personnel to the forum,in-depth analysis of the deduction policy influence on enterprise innovation in Suzhou,points out the transformation and upgrading of Suzhou city problems,including the power of innovation needs to be enhanced,innovation ability needs to be improved,innovation needs to be improved.Based on the data collected from the first tax collection system of the State Administration of Taxation and the science and Technology Department of Suzhou,Jiangsu Province,this paper makes an empirical study on whether the deductible policy can promote the independent innovation of enterprises and enhance the performance level of enterprises.The research shows that the R&D expense deduction policy is positively related to R&D investment intensity and performance level of enterprises.Deduction Policy is stronger,R&D investment intensity effect is more obvious,more conducive to the development of efficiency and enhancing the.operating performance of high-tech enter:prises;compared with other enterprises,enjoy the deduction more preferential policies;compared to domestic and foreign enterprises,Deduction Policy in corporate R&D costs benefit is much weaker than foreign enterprises;electronics,software,pharmaceutical industry enterprises upgrading faster,innovation is relatively stronger,and therefore more inclined to use the tax policy to promote the enterprise value.