税收政策对风险投资的影响研究——以晨兴资本公司为例.docVIP

PAGE II PAGE II 税收政策对风险投资的影响研究 ——以晨兴资本公司为例 摘 要 风险投资是当代一种特殊的投资模式。它主要为高增长科技初创公司提供股权资本，并为它们提供管理和咨询以及其他服务。等到被投资企业的发展进入稳定成熟后，风险投资者可以通过股权转让来实现资本的增值。在中国，政府不断支持高科技产业的发展，就是为了促进经济产业升级和结构调整。风险投资在这一过程中是不可或缺的。要促进风险投资的发展，必须要有一定的政策支持。目前，尽管我国对于风险投资业在国家和地方层面出台了税收优惠政策，但与税收优惠政策高度集中的高科技产业相比较却显得单薄了些。对于风险投资业来说，税收成本的不同很大程度上会影响风险投资的各个方面。所以，进一步的研究和分析我国内部的税收优惠政策对风险投资业的实际影响有着十分重要的理论和实践指导意义。 关键词：风险投资；税收政策；高新技术 Research on the Impact of tax Policy on Venture Capital ——Take Company CX as an Example Abstract Venture capital is a special investment mode in modern times.It provides equity capital and management and advisory and other services to high-growth technology start-ups.When the development of the invested enterprise enters into a stable maturity, venture investors can realize capital appreciation through equity transfer.In China,the government constantly supports the development of high-tech industries in order to promote economic and industrial upgrading and structural adjustment.Venture capital is indispensable in this process.To promote the development of venture capital,there must be certain policy support.At present,although China has introduced preferential tax policies at the national and local levels to target the venture capital industry,it is relatively weak compared with the high-tech industry with high concentration of preferential tax policies.For the venture capital industry, the difference in tax costs will largely affect all aspects of venture capital.Therefore, further research and analysis of Chinas internal tax incentives on the actual impact of the venture capital industry has very important theoretical and practical significance. Key words: The tax policy; Risk investment; High and new technology 目 录 TOC \o 1-3 \h \u 2315 摘 要 I 26970 Abstract II 6997 一、绪 论 1 8094 （一）研究的背景及意义 1 19274 （二）文献综述 1 18719 二、税收政策和风险投资的理论分析 3 3525 （一）风险投资 3 847 1.风险投资的内涵 3 7792 2.风险投资的特征 3 18247 （二）税收政策 4 21955 1.税收的内涵 4 26681 2.税收的原则 4 11333 （三）税收政策对风险投资