Research On Tax Incentive Policies Of China's Electronic Information Industry Driven By Innovation

The innovation-driven development strategy is a major national strategy and an important guarantee for China's economic restructuring,the replacement of old growth drivers and the promotion of industrial transformation and upgrading.The electronic information industry plays a fundamental and key role in the national economy due to its high technology content,high added value and little pollution,leading to the progress of various sectors and the society.At the same time,electronic information products directly affect everyone's lifestyle,so that people can achieve anytime and anywhere communication access to a variety of information.However on the competitive situation of global electronic information industry,the United States,Japan,Europe,Korea,etc.In the first tier,the core technology,overwhelmingly superior in high-end product,brand,although large electronic information industry in China,but due to the weak basic research as well as the overall capacity for independent innovation is not strong the competition in not high.In addition,in recent years,in order to ensure the monopolistic competitive position of the electronic information industry,some countries have adopted "anti-globalization" and unilateral protection measures to curb the further upgrading of the industry,which is not conducive to the development of innovation-driven industry and urgently needs the support of government policies.Tax policy,as an effective tool for the government to optimize the allocation of resources,can promote the r&d input and innovation output of electronic information enterprises by offering certain tax incentives through diversified means,transferring part of the capital or directing the capital to innovation activities.With the change of tax policy and the need of industrial development,the preferential tax policy of our country tends to be more scientific,reasonable and practical on the whole,but there is still some room for improvement.At present,there is no special tax incentive policy for the innovation of electronic information industry in China,so the work of this paper mainly focuses on sorting out and summarizing the tax incentive policies that can be enjoyed by the electronic information industry to promote innovation,analyzing the existing problems and putting forward corresponding Suggestions based on the empirical regression results.Specifically,this paper firstly introduces the concepts of electronic information industry,innovation-driven development strategy and tax incentive policy by literature and data analysis,and analyzes how tax incentive policy affects the innovation of electronicinformation industry on the basis of market failure theory,innovation theory and endogenous economic growth theory.Secondly by analyzing current situation of the development of electronic information industry and the current electronic information industry innovation of preferential tax incentive found the quality of electronic information industry is facing the supply side and still need to optimize industrial structure,lack of core key technology,industrial base software and industrial design software almost monopolized by foreign products,high-end talents and shortage of professional talents,but the current preferential tax has some defects in solving these problems,And then summed up the electronic information industry innovation incentive preferential tax preferential tax policies lack of systematic,make up for the innovation risk less preferential tax policies,insufficient output tax credit incentive from personnel of course of innovation of science and technology,industry specific preferential tax range is relatively narrow,preferential tax policies to strengthen the five aspects.Then select electronic information of 172 listed companies in 2013-2017 of relevant data,the empirical analysis of preferential tax policies on r&d and innovation output,the influence of the tax incentives to positive significant impact on research and development funds and manpower,research and development funding and manpower can significantly promote the innovation output and tax incentives can't significantly increase the output of the empirical results.On the one hand,it affirms the positive effect of tax incentives on r & d investment of enterprises;on the other hand,it analyzes the conclusion that tax incentives may not have a significant impact on r & d investment due to the lack of systematic and insufficient tax incentives.Finally combining the question theory carding and empirical validation results of part of the problem,put forward setting up the preferential tax policy system,increase the preferential tax policy of reducing the risk of innovation,increase the output tax credit incentive from personnel of course of innovation of science and technology scope and strength,to further expand the scope of tax incentives,specific industry through a variety of measures to improve policy enforcement Suggestions in five aspects.