Research On The Impact Of Fiscal Subsidy And Tax Preference On The Innovation Output Of New Energy Industry

In order to meet the new target of high-quality economy,New Energy Industry,as an important component of the country’s new strategic new industry,it has obvious superiority in dealing with energy crisis,reducing environment pollution and promoting economic development.Technology innovation,as the core competitive power of an enterprise,is of great importance to the development of the new energy industry in a large scale.Furthermore,the government will encourage industry to develop by means of financial subsidies and preferential taxation policies,thereby enhancing the whole capacity of innovation and initiative in the sector,but fiscal and tax preferential policies will also bring about overcapacity,enterprise "fraudulent compensation" and ignore substantive innovation and tend to strategic innovation.Therefore,the impact of financial subsidies and tax preferential policies in this article is of great significance on the impact of innovative output of new energy companies.In this paper,the author adopts the theory of "theoretical analysis and status analysis-empirical research and policy".Firstly,the paper explains the financial subsidy and the preferential tax policy to the innovative output of the new energy enterprises,and then brings forward the relevant hypothesis.Secondly,the paper analyzes the impact of financial subsidy and preferential tax policy on innovation output by means of fixed effect model,the results indicate that the financial subsidy has a significant effect on the quantity and quality of innovative output.The impact of tax incentives on the number and quality of innovative output is not obvious.The effect of financial subsidy on the innovation output quality of the non-state energy enterprises is more remarkable.The effect of financial subsidy on innovation performance of the east coast of the new energy industry is more remarkable.Finally,through empirical results and experience reference,the following policy suggestions are put forward:(1)Increasing the input of financial subsidies in the R&D and consumption of new energy industry;and improving the use efficiency of financial subsidy funds.(2)Improve incentive tax policies to promote the development of new energy industry in terms of enterprise income tax,value-added tax and other taxes;In the production and consumption links,the auxiliary tax policies for the development of the new energy industry are implemented by adjusting the tax rates of value-added tax and consumption tax on products.(3)Differentiated fiscal and taxation policies shall be implemented according to the characteristics of enterprises;and the government policies shall continuously improve the technical and novelty requirements for the innovation output of enterprises.