Research On The Influence Of Fiscal And Tax Policies On Technological Innovation Of Equipment Manufacturing Enterprises In Jiangsu Province

At present,mankind is experiencing the fourth industrial revolution--intelligent production.Manufacturing industry has once again become an important field of global competition.The equipment manufacturing industry is the backbone of the manufacturing industry.China is committed to transforming the equipment manufacturing industry from high-speed development to high-quality development.The key to achieve this goal is to improve the technological innovation ability of enterprises.For equipment manufacturing enterprises,technology research and development is risky,and high investment does not necessarily bring high returns.Government intervention can solve the problem of insufficient investment in innovation to a certain extent.In the context of intelligent manufacturing,in order to speed up the technological innovation level of equipment manufacturing enterprises,the state has introduced a series of fiscal and tax support policies with the goal of "changing the number from the wisdom".Jiangsu is a large province of equipment manufacturing industry,whose scale and benefits are ranked first in China.Therefore,this thesis takes equipment manufacturing enterprises in Jiangsu as the entry point to discuss the effect of fiscal and tax policies on technological innovation of enterprises,so as to provide policy reference for promoting equipment manufacturing industry in Jiangsu from "plateau" to "peak".This thesis uses literature analysis,comparative analysis and empirical analysis to study the influence of fiscal and tax policies on the technological innovation of equipment manufacturing enterprises in Jiangsu.First of all,the existing fiscal and tax policies of Jiangsu Province are systematically sorted out,and the relevant policies supporting the development of intelligent manufacturing are summarized from the perspectives of fiscal subsidies,tax incentives,science and technology finance,and combined with the current development status and technological innovation level of Jiangsu equipment manufacturing industry to analyze the incentive effect of fiscal and tax policies.The analysis points out that:The current fiscal and taxation policies have a positive promotion effect on the development of equipment manufacturing enterprises in Jiangsu Province,but it is not always a significant positive incentive,and the effects of different industry types of enterprises are also different.Therefore,it is necessary to carry out further empirical analysis on whether the incentive effect of fiscal and taxation policies on technological innovation of enterprises is definitely positive.Secondly,in order to further analyze the impact of fiscal and tax policies on the technological innovation of equipment enterprises in Jiangsu,this thesis takes the issue of the action program of "Made in China 2025" as the research background,and uses the data of listed equipment manufacturing companies in Jiangsu from 2011 to2021 as samples to conduct an empirical study.The results show that:(1)Fiscal and tax policies have a positive incentive effect on enterprise technological innovation;(2)By introducing financing constraints as a moderating variable,it is found that financing constraints can exert a positive moderating effect on fiscal and tax policies,strengthen the effect of policy incentives and improve the level of technological innovation;(3)From the perspective of enterprise heterogeneity,the incentive effect of intelligent equipment manufacturing enterprises is higher than that of traditional equipment manufacturing enterprises after being affected by policies;(4)The year 2015,based on Made in China2025,is the time node,after which fiscal and tax policies have more obvious incentive effects;(5)From the perspective of enterprise ownership,non-state-owned enterprises are more affected by fiscal and taxation policies than state-owned enterprises.Finally,on the basis of the above analysis and empirical conclusions,the problems in the fiscal and tax policies supporting the technological innovation of Jiangsu equipment manufacturing enterprises are found and countermeasures and suggestions are put forward:(1)strengthen the top-level design of fiscal and tax policies,(2)increase the intensity of financial subsidies,(3)optimize the structure of tax preferential policies,(4)implement different fiscal and tax policies.The government can adjust and control around the fiscal and taxation policies from many angles in order to promote the realization of the new Jiangsu Province,which is "strong,rich,beautiful and high",and then help our country realize the dream of manufacturing a powerful country.The innovation point of this thesis is to pay attention to the technological innovation and development of equipment manufacturing enterprises.At the same time,combined with the development background of intelligent manufacturing,the difference of policy effect is studied to accelerate the transformation and upgrading of modern equipment manufacturing.In addition,in the study of fiscal and tax policies,financing constraints were introduced as a moderating variable to explore the regulating effect on the implementation of fiscal and tax policies and enrich the research perspective.