Research On The Impact Of Tax Incentives On The Performance Of High-tech Enterprises

At present,the international scientific competition is fierce,and the competition between countries is largely a competition of independent innovation capabilities.Since the convening of the 20 th National Congress,the Party and the state have been working hard and struggling around the unity and unity of all ethnic groups,hoping to promote the development of socialism with Chinese characteristics more efficiently and smoothly,and at the same time,hoping to achieve the second centenary goal of our country and comprehensively promote the great rejuvenation of the Chinese nation with Chinese-style modernization.Constructing a socialist,modern nation in its entirety is a tremendous and strenuous task.The top priority is to capitalize on the strategic chance of the fresh scientific and technological revolution,and to attain superior progress.Innovative thinking is the cornerstone of the scientific and technological revolution,its primary impetus for superior progress,and the fundamental notion of new development concepts is also innovation.At the 20 th National Congress of China,General Secretary Xi Jinping emphatically declared that not only must legal safeguards be established for the rightful rights and interests of entrepreneurs,but also.To bolster the safeguarding of property rights and intellectual property rights,however.In this way,a good environment that encourages innovation and tolerates failure is established.High expectations are placed on high-tech enterprises,as the driving force behind my country’s research and development progress and the achievement of sustainable growth.However,R&D and innovation activities of high-tech enterprises not only require a large amount of funds,but also have high R&D risks and uncertainties,so they cannot do without the strong support of the government.Over the years,the state has been continuously promulgating various preferential tax policies.Under the encouragement of the state,the number of high-tech enterprises in my country has grown rapidly,the cost of research and innovation is also increasing year by year.Therefore,it is necessary to explore the impact of preferential tax policies on innovation performance and financial performance of high-tech enterprises,and to evaluate the effect of policy implementation.has great significance.Starting from high-tech enterprises,this paper first sorts out and summarizes the relevant literature at home and abroad,and then based on the relevant theories involved,combined with the current situation,R&D and operation of high-tech enterprises,excavates the mechanism and path of preferential tax policies on the performance of high-tech enterprises,and forms the basic framework of this thesis research.Next,taking Luxshare Precision,a leading enterprise in the electronic device manufacturing industry among high-tech enterprises,as an example,the data from2016 to 2021 was used as a sample to specifically analyze the impact of preferential tax policies on their corporate performance.The ultimate findings of this paper are: To begin with,the preferential tax policy can diminish the enterprise’s tax rate,lessen its tax load,and then boost its net profit.The enterprise’s financial performance was ultimately impacted.By analyzing the financial performance of Lexus Precision,it can be concluded that the tax incentives have significantly improved the profitability and solvency of the company,but have little impact on the development and operation capabilities;R&D investment,and then promote product improvement and innovation,and ultimately contribute to the improvement of corporate innovation performance and financial performance.However,in some years,the efficiency has not reached the optimal level,so companies need to pay attention to product quality in the process of increasing R&D investment.Transformation,improve conversion efficiency,and pay attention to cost management.Finally,based on the research of the full text,some pertinent suggestions are put forward from the government level and the enterprise level,hoping to contribute to the progress and development of Chinese enterprises,especially high-tech enterprises,by optimizing the tax system.