Research On The Fiscal And Taxation Policies To Promote The Development Of Strategic Emerging Industries

In the report of the 19th National Congress,Comrade Xi Jinping,general secretary of China,put forward the overall strategic plan to enter a new era and start a new journey.At the same time,he also highly praised the excellent situation of the rapid development of China's emerging industries.At present,China's economy is undergoing a period of transition from a rapid development stage to a high-quality development stage.It mainly starts from the following aspects,including changing the driving force of growth,transforming the form of development,and optimizing the economic structure,which also provides new impetus for China's strategic emerging industries to innovate,and is a guiding light of the industry's progress.As we all know,strategic emerging industries are based on cutting-edge technological breakthrough.At the same time,they must face the broad market demand in the future,and have a major leading role in the overall economic and social development.However,the industry itself has unstable characteristic and there is a certain gap compared with the industrial development of some developed countries.Therefore,it needs to pay more attention to the development of strategic emerging industries.Only relying on the enterprise's own strength to promote industrial development is relatively difficult.At this time,the government as one of the key forces should promote development.Therefore,it is of great significance to study the impact of government fiscal and taxation policies.Based on a thorough review of relevant domestic and foreign literature,this article analyzes the development status of China's strategic emerging industries and corresponding fiscal and taxation policies,and points out the problems existing in fiscal and taxation policies.Secondly,on the basis of the theoretical analysis of fiscal and taxation policies on the industries,a panel model was established based on relevant data from 18 industries of China Statistical Yearbook on High Technology Industry(2009-2014)to empirically test the effectiveness of current fiscal and taxation policies.The proportion of numbers of companies engaged in R&D and the intensity of independent R&D expenditure of enterprises are the dependent variables.The result of model 1 indicates that the strength of government subsidies in China's strategic emerging industries has a significant positive impact on the proportion of numbers of enterprises with R&D activities,and corporate tax has a significant negative impact on proportion of the number of enterprises with R&D activities.The result of model 2 shows that the intensity of government subsidies is significantly and negatively correlated with the intensity of independent R&D expenditures of enterprises,and the corporate tax revenue is significantly positively correlated with it.Finally,it puts forward some policy recommendations.