Research On The Incentive Effect Of Tax Preference To The Technological Innovation Of Chinese Enterprises

"Accelerating the construction of an innovative country" is one of the country's important strategic objectives,and the construction of an innovative country is bound to be inseparable from the progress of science and technology,science and technology is the first force of our country ' s productivity,is the country's heavy instrument,the world's competition between countries has not only military,economic,cultural and other fields of competition,but science and technology level also as an important part of the national economy,has increasingly demonstrated the importance of its status.According to the 2019 Global Innovation Index report,hinese enterprises in recent years from the three aspects of research in recent years,China's innovation index has been on the rise.In 2019,it rose three places to 14 th in the world compared with 2018,and China's innovation quality has been the top among middle-income economies for seven consecutive years.At the same time,China's scientific and technological innovation status quo also exists a certain amount of progress,although China's total investment in research and development is very large,and rapid growth year by year,but China's research and development funds and talent investment intensity and South Korea,the United States,Japan and other developed countries there is a certain gap,in the long run this will restrict the improvement of China's comprehensive national strength.At present,the main body of research and development innovation in China is enterprises,and because of the high risk,externality,uncertainty of results and so on,enterprises are often reluctant to make a large amount of investment,at this time,if the government exerts relevant policies to encourage and subsidize the research and development innovation activities of enterprises,it can reverse this situation.In recent years,China has also introduced a number of fiscal and taxation policies to encourage enterprises to carry out innovative activities.Based on this,this paper studies the incentive effect of China's current tax preferential policies on scientific and technological innovation of enterprises,and puts forward relevant suggestions on the optimization of resource allocation and tax policy in the light of China's current situation,which has certain theoretical and practical significance in the current international and domestic context.On the basis of combing the literature on tax preferential tax and scientific and technological innovation of enterprises at home and abroad,this paper establishes its own research framework.First of all,this paper expounds the concepts of scientific and technological innovation,tax incentives and other related concepts,and then analyzes how the government has influenced the behavior of enterprises in carrying out innovative activities through the relevant tax preferential policies from the perspective of market failure theory,endogenous growth theory and government intervention,and analyzes the mechanism of action from the three angles of influencing the supply anddemand of human capital,affecting the supply of enterprise funds and reducing the risk of enterprise research and development.After that,based on the research and development money into r&d investment and r&d output level three aspects in this paper,the data contrast to the rest of the world in recent years,research and development of our country enterprise innovation level and detailed combing the current preferential tax policies encourage enterprises to research and development innovation,through the present situation and policy to analyze the problems existing in the current preferential tax policy in China.Through the above analysis,this paper further establishes the model,taking the panel data of GEM listed enterprises from 2013 to 2018 as the research object,and exploring the incentive effect of China's current preferential tax policy on enterprise research and development innovation.Through empirical analysis,we get the following conclusions: First,from the overall perspective of income tax concessions for enterprises research and development innovation input and output of the results have significant incentive effect;Finally,through the above analysis,this paper come up with some thoughts to give play to the preferential tax policy to stimulate enterprises' scientific and technological innovation.The overall idea includes speeding up the legalization of tax preferential policies,expanding the coverage of tax preferential policies,and establishing a tax supervision system to ensure the efficiency of tax preferential policies.In terms of specific policy proposals,this paper puts forward the corresponding policy suggestions from the three aspects of exerting the role of VAT tax concessions,perfecting the preferential policies of enterprise income tax and optimizing the preferential policies of talents.