Impact Of Additional Deduction Policy On R&D Investment Of AI Enterprises

With our country’s economy development enters the new stage,on the one hand,our country faces great pressure of industrial transformation and upgrading and opportunity to reshape the world economy,on the other hand,but also faces change from the traditiona l way of development.The new generation of artificial intelligence is a strategic technology leading the round of scientific and technological revolution and industrial transformation,and is exerting a significant and far-reaching impact on economic development,social progress,international competition pattern and other aspects.Accelerating the development of the new generation of artificial intelligence technology is an important strategic focus to win the initiative in global scientific and technological competition.It is an important strategic resource to promote the leapfrog development of science and technology,industrial optimization and upgrading,and the overall improvement of productivity.In recent years,with the constant changes of the market and the government’s support and guidance,the domestic artificial intelligence industry has been a rapid development.However,in the face of increasingly fierce competition at home and abroad,increasing investment in research and development plays a very key role in speeding up product research and development,maintaining the intensity of market competition and maintaining the long-term development of the company.Since investment in R&D activities is characterized by irreversibility and uncertainty,research on the impact of financial performance indicators of AI enterprises,such as R&D investment,can make companies in this field more clearly know whether companies in this field can maximize their profits by increasing the proportion of R&D investment.And enhance the competitiveness of enterprises in this industry.This is beneficial to the normal development of the market in this field,but also can provide a better reference for other types of high-tech companies.Since the 21 st century,China’s artificial intelligence industry has developed rapidly.However,compared with western countries,China’s artificial intelligence field has developed late,its theoretical knowledge is weak,and there are few relevant experts and scholars.Therefore,China is in a disadvantageous position in the field of market industrial competition or academic research,which requires relevant policy support and guidance from the state.As a preferential tax policy of enterprise income tax,the policy of additional deduction of R&D expenses has a direct effect on the R&D activities of enterprises.Therefore,this paper tries to discuss the impact of R&D expense deduction policy on the R&D input of Chinese AI enterprises.Through sorting out the relevant research results at home and abroad,this article first discusses the theoretical basis of the development of artificial intelligence companies from the policy of deducting R&D expenses,and analyzes the current development status of Chinese artificial intel igence enterprises,industry classification and R&D investment,the number of patents granted and financing scale.Then it points out the existing problems in the application of the policy of additional deduction of R&D expenses in AI enterprises.Then,an empirical analysis was conducted.With 2018 as the policy starting point,130 enterprises in the A-share AI concept board were selected by using DID difference method.The 6-year period from 2016 to 2021 was taken as the time interval,and financial data such as asset-liability ratio and return on equity of AI enterprises were selected for empirical study.By setting the explained variable of R&D investment intensity(Rd)and combining with the heterogeneity analysis,the following conclusions are drawn:(1)the policy of additional deduction of R&D expenses has an obvious positive incentive effect on the level of R&D investment of AI enterprises;(2)the incentive effect of R&D intensity of large-scale enterprises is more obvious than that of AI enterprises with small assets.(3)The influence of R&D input of AI enterprises with low asset-liability ratio is greater than that of enterprises with high asset-liability ratio.Based on the above analysis,the author puts forward the following policy suggestions for the development of Chinese AI industry:(1)establish long-term tax policy and standardize the policy of additional deduction of R&D expenses;(2)To adjust and optimize the policy of additional deduction of enterprise income tax research and development expenses,appropriately adjust the scope of collection and increase the intensity of deduction.(3)To improve the level of service and supervision of tax preferential policies.(4)Strengthening efforts to attract talents.Finally,it is hoped that the research of this paper can provide reference for the government to put forward more targeted tax preferential policies and further improve the development level of our artificial intelligence industry.