Analyze The Impact Of Tibet's Fiscal And Taxation Policies On Pharmaceutical Industry In Financial Perspective

Due to special historical and geographical factors,Tibet has a weak market economy,which is not yet capable of self-regulation in the market.Therefore,the central government has been giving preferential policies in finance,taxation and other aspects for many years,facilitating the integration of local and mainland markets.Preferential fiscal and tax policies can provide a favorable investment environment for capital injection into the Tibetan market.At the same time,the company's good management and enthusiasm for research and development under the favorable support of the policy is an important criterion for measuring the effective implementation of policies and the ability of enterprises to “return”.Tibetan medicine enterprises focus on inheriting and developing regional Tibetan medicine products,It is one of the six major industries supported by Tibet in the new era.Therefore,This paper deeply explores the possible correlation between the government's fiscal and tax preferential policies and the economic and social contributions of Tibetan medicine enterprises,which is of great significance to the sustainable development of Tibetan medicine enterprises and the optimization of relevant fiscal and tax policies.Using financial statement analysis and contribution analysis of preferential policies,this paper takes the financial data of the three most representative Tibetan medicine enterprises from 2015 to 2017 as research objects,and analyzes the profits and operations of the enterprises after enjoying preferential policies,as well as the contributions of financial subsidies and tax preferential policies to the total profits and R&D investment of the enterprises.At the same time,the social responsibility report is also used to explore the "feedback feeding" of enterprises to policies.Finally,since Tibetan medicine enterprises play an important role in promoting the structural optimization of the Tibetan industry,Therefore,on the basis of the above research,this paper further puts forward the existing problems of current fiscal and tax policies and Suggestions for improvement.The conclusions of this study are as follows: First,financial subsidies have the characteristics of short cycle,but such subsidies are ex-ante subsidies,which may lead to excessive dependence on policy subsidies.However,tax incentives have the characteristics of "more profits,more preferential",so they can better reflect the policy objectives;Second,the current fiscal and tax policies canimprove the performance of enterprises to a certain extent,but the contribution to enterprise R&D investment is not significant;Third,the current fiscal and tax policies in Tibet should focus on the preferential treatment of individual income tax and tariff,increase the pertinence of preferential treatment of enterprise income tax,and improve the construction of innovative tax preferential system.