Research on Transformation and Upgrading of Equipment Manufacturing Industry and Optimization of Tax Policy Discrepancy: Case of Hebei Province

Abstract

Operating income of Hebei equipment manufacturing industry exceeded one trillion yuan. In order to further promote the transformation and upgrading, in recent years, the Hebei Provincial Tax Bureau of the State Administration of Taxation has implemented and continued a series of national tax support policies and achieved phased results. However, due to some objective and realistic factors, Hebei equipment manufacturing industry is still lacking. This research takes different stages of enterprise operation as nodes, and gradually sorts out, studies and analyzes the current tax policies according to the links. The results highlight the effectiveness mechanism of the current tax policies for the development of equipment manufacturing industry based on the research. Moreover, based on a variety of real data found in this paper, the data of Hebei equipment manufacturing industry is compared in multiple dimensions to objectively present problems and shortcomings. This paper focuses on the transformation and upgrading of Hebei equipment manufacturing industry and tax policy in a small-cut view and makes policy optimization suggestions based on the tax policy gap, in order to provide reference for the better development of Hebei equipment manufacturing industry.