Research On The Influence Of Tax Preference On The Innovation Ability Of New Energy Industry

As the biggest driving force of development,new economy is the main pillar of the contemporary economic system.In order to promote economic innovation and development,China has introduced various preferential tax policies to encourage technological innovation of enterprises.Under the condition of the implementation of preferential tax policies,whether enterprises can effectively improve their innovation ability will inevitably affect the relevant role of tax preferences in the construction of contemporary economic system.With the increasing attention to environmental protection at home and abroad,China is also actively coping with the environmental problems in the process of rapid economic development.The emergence of new energy industry provides a new way for the country to solve these environmental problems.As the new energy industry is a strategic emerging industry in China,its potential development force is very strong,and improving its innovation ability is conducive to occupy the market opportunity.In the aspect of new energy industry,China has issued a series of preferential tax policies to encourage innovation.New energy industry can enhance innovation ability by enjoying the corresponding preferential tax policies,which can bring great benefits to China’s economic development and environmental protection.Starting from the definition of new energy industry,innovation ability and tax preference,this paper expounds the relevant theoretical basis and mechanism of tax preference affecting the innovation ability of new energy industry.Secondly,it analyzes the overall development of domestic new energy industry,the current tax preference and its main problems.Combined with the research methods of previous scholars,this paper determines the data source as the panel data of new energy industry listed companies,discusses the relationship between tax incentives and enterprise innovation ability,and studies the effect response of enterprises in different regions and different sizes on the impact.Finally,the empirical results are as follows:(1)there is a positive correlation between tax preference and enterprise innovation ability,and the relationship is significant.(2)The effect of tax preference on the innovation ability of enterprises in the eastern coastal areas is more significant.(3)The effect of tax preference on the innovation ability of large-scale enterprises is more significant.Based on the above conclusions,this paper puts forward the following policy recommendations:(1)improve the tax legal system.(2)We will increase the intensity of preferential tax policies.(3)Different preferential tax policies should be implemented.(4)Gradually change the direct tax preference to indirect tax preference.