The Impact Of Tax And Fee Reduction Policy On The Operating Performance Of High-Tech Enterprises

"Tax reduction and fee reduction policies and measures should be implemented,which can make enterprises lighter"(Xi Jinping,2019).Outside of tax reduction policies in the sense that it can tone down or eliminate multiple tax levies,the most important thing is still that government reforms need to be driven to deepen China’s market-oriented reforms so that market capacity can be fundamentally expanded.A more robust and sustainable fiscal support system could be provided,and a relaxed environment conducive to business development could be created.So,do the tax incentives adopted by the government for high-tech enterprises in recent years produce positive effects?With this as the background,this paper adopts the method of combining literature research and empirical research to analyze the interaction between tax incentive policies and business performance of high-tech enterprises in China,and makes an empirical test by using multiple regression analysis.Firstly,I read and sort out relevant domestic and foreign literatures.Secondly,based on the theory of tax effect and the theory of business performance evaluation,it is found that tax reduction and fee reduction have a certain impact on corporate profitability,operation and development,investment and financing,asset management,risk control,etc.Thirdly,through the research on the current situation of the operation and development of high-tech enterprises and the current situation of tax incentives,select the high-tech enterprises listed on the SME board from 2015 to 2019 as the research object,put forward five research hypotheses,and on this basis,establish a model;Finally,descriptive statistical analysis,correlation analysis and multiple regression analysis were conducted on the sample data based on the model.At the same time,sample segmentation was conducted on one of the control variables and regression was conducted again to achieve robustness test.Through analysis and empirical test,this paper draws the following conclusions: tax reduction and fee reduction have a significant positive impact on the business performance of high-tech enterprises,which is embodied in the promotion of tax incentives on the solvency,R&D and innovation ability,financial risk tolerance and investment value of enterprises.According to the research results,the relevant suggestions are put forward on how the government should formulate fiscal policies and how the high-tech enterprises should adapt to the tax reform and stabilize the growth.