The Influence Of Enterprise Income Tax Policy On Enterprise Innovation Performance

As the main contradiction in the current society has turned into a contradiction between the people's ever-growing needs for a better life and unbalanced and inadequate development,China's economic development model has entered a stage of transformation.The Chinese government has always attached great importance to the important role of innovation.Hence,a significant strategy was put forward,aiming to build an innovation-oriented country.with a view to improving the country's competitiveness through innovation,driving economic growth through technological innovation and achieving high-quality development.The enterprise is the main body of the market.Enterprise innovation is of great significance.Therefore,the Chinese government has promulgated a series of preferential tax policies for enterprise income tax to stimulate enterprise innovation.This mainly includes the government direct financial assistance and income tax preferential policies.Among them,as one of the preferential policies of enterprise income tax,the policy of additional deduction for r&d expenses has been The authority,economists and enterprises highly focus on the policy of additional deduction for due to its wide application and strong preferential force.Therefore,this paper mainly studies the important role of the policy in enterprise innovation performance.Innovation performance is generally measured by the proportion of new product sales revenue to business revenue and the number of patents applied.Taking a-share listed companies as the research object,this paper studies the relationship between r&d expense plus deduction policy and enterprise innovation performance by collecting data from 2015 to 2019.This paper defines the concept of innovation performance and constructs a model to verify the impact of r&d expense plus deduction policy on enterprise innovationperformance.Therefore,the following conclusions are drawn: 1.The policy of additional deduction of r&d expenses can promote the innovation performance of enterprises;2.The policy of additional tax deductions for enterprise research and development has two main effects.Firstly,for private enterprises,it will have influences on the innovation investigations then affecting enterprises' innovation performance.Whilst,this policy has no impact on the innovation performance of state-owned enterprises.