The Impact Of Tax Cut Reforms On The Performance Of New Energy Companies

The development of the new energy industry can not only improve my country’s position in the international energy market,but also make great contributions to the development of my country’s protection of the ecological environment.The development of the national economy is inseparable from the guarantee of energy.In recent years,relevant departments of our country have introduced many policies to promote the development of new energy.The report of "The Fourteenth Five-Year Plan" New Energy Development and Consumption Situation and Prospects pointed out: "The future development of new energy is not only about expanding the scale.,high-quality development is the most important.In the specific mechanisms and policies proposed for the green and low-carbon transformation of energy,it is clearly pointed out: " During the’14th Five-Year’ period,a relatively complete policy,standard,market and regulatory system will be built..While developing the industry,it is important to increase the utilization rate of energy,strengthen the management of the use of traditional energy into new energy,effectively improve the management flexibility of energy consumption,and improve the use of new energy as raw materials and renewable energy.Management and control in the energy industry,etc.”.China has a relatively large land area and a relatively large population.With the continuous development of various industries in China,China’s demand for energy is also increasing.In the energy market,supply is gradually in short supply.In 1993,China’s oil was basically supplied by imports,and the import volume continued to increase after that,which made China continue to be involved in the world’s energy competition market.Among traditional energy sources,especially oil,China’s supply volume is relatively high.Compared with other energy sources,there is a great shortage,and with the continuous consumption of these non-renewable energy sources,the degree of dependence on imports in China’s traditional energy market will continue to increase,and various unstable factors in the international energy market(such as fluctuations in oil prices)All may affect China’s energy industry,and even in China,the impact on the economy and society is also very large.Therefore,vigorous development of renewable energy can improve the contradiction between energy supply and demand,and ease China’s import The degree of dependence on energy,it is necessary to improve China’s energy and economic security.Taxation has an important impact on the development of enterprises.First,different fiscal and taxation policies have different effects on investment from the environment and attractiveness.Especially When fiscal and taxation policies are used to regulate or promote social and economic development,different taxation policies can be implemented according to the actual conditions of different regions,so as to realize the economic adjustment of the country to the region at the macro level.Second,in the process of market economy development of various industries,the government A certain industry can be adjusted through fiscal and taxation policies to encourage the development of key industries in a market economy.In a market economy,not all industrial development countries treat them with a supportive attitude,such as:high-polluting industries in China There are relevant policies in the tax law to limit.Most countries or regions,in order to maintain the good development of the industry and optimize the market economy,choose to implement different fiscal and tax policies.Finally,a good tax policy can create a good business environment for enterprises,China has stimulated domestic demand through the implementation of active fiscal and taxation policies and other means,so that the development of China’s market economy is in a good state of development.This paper takes 192 new energy listed companies from 2008 to 2020 as samples,selects the financial data indicators of these companies,and brings two-way In the fixed effect model,empirical research is conducted to study the performance of new energy enterprises in China in recent years from tax reduction and exemption(research on the relationship between corporate performance and corporate income tax burden and corporate turnover tax burden in the tax reduction reform),and the results show that corporate performance It is negatively correlated with corporate income tax and turnover tax,and on this basis,it is proposed that new energy companies should keep up with policy development and enjoy due tax incentives;the government can purchase and use new energy from buyers to develop tax reduction policies,etc.This paper puts forward policy suggestions from the perspective of making policy prospects for the development of new energy enterprises in China in the future and the next round of tax reduction reform.