Research On The Effect Of Tax Reduction Policy Under The Background Of Supply-side Reform

Under the new normal,tax reduction policies have been promulgated continuously,and the gap between policy outcomes and expected results has become a hot topic.However,there is a lack of research on the local implementation of policies,the sense of gain of enterprises and the effectiveness of industrial upgrading in the real economy.This paper focuses on the effectiveness of tax reduction policies in the context of supply-side reforms,using a combination of normative analysis and empirical analysis and studying whether the tax reduction policy can achieve the benefits of promoting industrial development,stimulating entrepreneurship and innovation,and encouraging employment.First,the article introduces the tax reduction theory,and introduces the tax reduction policies implemented by Guangdong Province in the areas of manufacturing and employment of key groups.Based on this,it conducts empirical research by studying models and comparing data trends.Put forward the view that the output value of Guangdong’s manufacturing industry has a clear dependence on tax incentives,the linkage of various innovation indicators is good,and the tax reduction policy has a certain role in promoting the quantity and quality of employment.At the same time,it indicates that the role of the tax reduction policy on the manufacturing industry is not obvious in the short term,and the tax preferential coverage is limited.As for the tax reduction policy on employment,it is not a system,and the cognizance procedure is complicated.In view of the continuous improvement of tax reduction policies in 2020,the author makes outlook: First,a long-term taxation mechanism of reducing burdens for enterprises should be established.The second is that the tax reduction policy should cover multiple production links.The third is to improve related supporting measures and the services of tax authorities.I hope to provide ideas for the implementation of the tax reduction policy in Guangdong Province.