Research On The Impact Of Tax Incentives On The Efficiency Of Independent Innovation Of Enterprises

The report of the 19 th National Congress clearly stated that China's economy has shifted from a high-speed growth phase to a high-quality development phase.As a company with one of the main innovations,its quantity,quality and efficiency of innovation are related to the quality and efficiency of innovation in society and the country.Relevant statistics show that in recent years,although the investment in innovation of Chinese enterprises has gradually increased,it still relies mainly on foreign technology,and there are still few core technology enterprises with independent intellectual property rights.Moreover,corporate innovation activities are characterized by positive externalities and market failures.All these indicate that the innovation ability of Chinese enterprises is still insufficient,and the government needs to make a difference to stimulate enterprises to carry out more and more effective innovation activities.Tax incentives are inclusive and therefore widely adopted by the government.This paper discusses the impact of tax incentives on the innovation efficiency of enterprises from the middle level of the province.It hopes to enrich China's research on tax incentives for independent innovation of enterprises,and at the same time provide reference for the government to formulate policies.This paper studies the impact of tax incentives on the efficiency of independent innovation in the following six aspects: first,analyze and explain the background and significance of the topic;summarize the literature at home and abroad,and sort out the relevant tax incentives and innovation efficiency.Research.Secondly,it expounds the connotation and characteristics of independent innovation,and introduces the basic theories such as market failure,economic growth and bear Pitt innovation theory.On the other hand,qualitative analysis of the role of tax policy on independent innovation of enterprises.Third,it expounds the evolution of taxation policies that encourage enterprises to innovate independently,and analyzes the problems existing in China'scurrent taxation policies.Fourth,sort out the tax incentives for independent innovation of enterprises in the United States,Japan,France,Germany and other countries and regions,so that China can learn from the experience of good practices.Fifth,using the stochastic frontier method(SFA)to measure the innovation efficiency of 30 provinces above designated industrial enterprises in China from 2009 to 2015,from the perspective of efficiency,empirically study the impact of tax incentives on the independent innovation of Chinese industrial enterprises.Sixth,the policy of improving China's current taxation is proposed to encourage enterprises to carry out independent innovation.This paper focuses on the relationship between tax policy and the efficiency of enterprise innovation.Through the taxation policy,the two indicators of deduction of tax reduction and high-tech enterprise tax reduction are added to the R&D activities to measure the impact on R&D efficiency and the efficiency of result conversion.This study uses SFA to empirically test the data of industrial enterprises above designated size in China.The main conclusions are as follows: First,the difference in efficiency values between each province is significant.The R&D efficiency and innovation output efficiency of the eastern coastal areas are greater than those of the central and western provinces.Second,the R&D activities plus the deduction of tax reduction intensity are negatively correlated with R&D efficiency,while the high-tech enterprise tax reduction intensity is positively correlated with R&D efficiency.Third,the R&D activity plus deduction of tax reduction intensity is positively correlated with the transformation efficiency of innovation results.The tax reduction intensity of high-tech enterprises is also positively related to the transformation efficiency of innovation results.