Incentive Effect Of Tax Preference On Enterprise's R&D Investment

Innovation is a hot word in the 19 th National Congress report,which has appeared more than 50 times.According to the report,by 2035,China will basically realize socialist modernization,and its economic strength,scientific and technological strength will be greatly enhanced,ranking among the top innovative countries.In order to encourage enterprises to carry out innovation activities effectively,China has successively introduced a series of preferential tax policies to guide innovation and promote innovation.After years of hard work,we can easily find that high-tech enterprises,as major players in the new technological revolution and industrial transformation,play an important role in promoting the process of socialist modernization.In order to vigorously promote high-tech enterprises to carry out technological research and scientific research and development,comprehensively implement the innovation-driven strategy,and guide the good development of the common development of the national economy,the Chinese government has implemented preferential tax policies.However,whether the government's tax incentives for high-tech enterprises can stimulate the R&D activities of enterprises and whether they can positively influence the R&D investment performance of high-tech enterprises requires further theoretical analysis and research.In this paper,high and new technology enterprise iFLYTEK is selected as the research object,and with the support of market failure theory and tax expenditure theory,the relationship between tax incentives,R&D investment and corporate performance is discussed in depth.Firstly,from the aspects of controlling risks,reducing costs and attracting talents,the paper discusses the theoretical mechanism of the impact of tax incentives on R&D,and then analyzes the implementation of tax incentives in China at the present stage.Secondly,it makes simple the basic situation of iFLYTEK.Introduce and analyze the implementation of tax incentives,research and development investment,and R&D investment performance of iFLYTEK.Then,through analysis,the Department of Science and Technology has enjoyed the basic situation of total tax incentives and the amount of Enterprise Income Tax and Value Added Tax,innovation input and output in recent years.The analysis of the effect of tax incentives for enterprise technology innovation,by comparing and analyzing tax incentives and controversial government subsidies and the impact of R&D investment and R&D investment personnel changes,we will further verify the important role of tax incentives in corporate innovation investment;finally,combined with the analysis,pointed out the main problems existing in the current tax incentives,and proposed improvements based on the problems.