Proceedings of the 2nd International Academic Conference on Blockchain, Information Technology and Smart Finance (ICBIS 2023)

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Innovation and Tax Burden of Manufacturing SMEs

Statistical Analysis of the Data Based on the Annual Reports of Companies Listed on the New OTC Market

Authors
Xiaoya Kong1, *, Yan Zhao1, Jing Yang1
1Guangdong University of Finance and Economics, Guangzhou, 510000, China
*Corresponding author. Email: kxy990518@163.com
Corresponding Author
Xiaoya Kong
Available Online 10 August 2023.
DOI
10.2991/978-94-6463-198-2_29How to use a DOI?
Keywords
Tax Burden; Enterprise Innovation; Cut Taxes and Administrative Fees
Abstract

The innovation ability of small and medium-sized manufacturing enterprises is of great significance to the development of the real economy with the rapid development of the digital economy. This paper analyzes the data of the 2020 annual report of manufacturing enterprises listed on the New OTC Market, explores the relationship between enterprise tax burden and innovation ability under the impact of the epidemic situation, and then puts forward suggestions on tax reduction and fee reduction policy. The results show that the overall tax burden has a significant negative impact on R & D investment and output, but the relationship between indirect tax and direct tax burden and R & D input and output is more complex. Further study on the relationship between various taxes and innovation capability shows that in the context of the continued normalization of the epidemic situation, we should pay more attention to value-added tax, administrative charges of tax nature, resource tax, and property tax for further tax and fee reduction of the manufacturing industry.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2nd International Academic Conference on Blockchain, Information Technology and Smart Finance (ICBIS 2023)
Series
Atlantis Highlights in Computer Sciences
Publication Date
10 August 2023
ISBN
10.2991/978-94-6463-198-2_29
ISSN
2589-4900
DOI
10.2991/978-94-6463-198-2_29How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Xiaoya Kong
AU  - Yan Zhao
AU  - Jing Yang
PY  - 2023
DA  - 2023/08/10
TI  - Innovation and Tax Burden of Manufacturing SMEs
BT  - Proceedings of the 2nd International Academic Conference on Blockchain, Information Technology and Smart Finance (ICBIS 2023)
PB  - Atlantis Press
SP  - 259
EP  - 269
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-198-2_29
DO  - 10.2991/978-94-6463-198-2_29
ID  - Kong2023
ER  -