The Impact of Tax and Fee Reductions on the High-Quality Development of Non-Ferrous Metal Enterprises

Drawing upon data from listed non-ferrous metal enterprises spanning 2013 to 2022, this study empirically examines how tax and fee reduction policies impact and drive mechanisms for fostering high-quality development within these entities. Findings indicate that reductions in taxes and fees significantly bolster such advancement. Moreover, a higher magnitude of reductions correlates with increased levels of R&D investment as well as expedited digital transformation—both pivotal factors in propelling superior growth among non-ferrous metal enterprises. Leveraging computer technology enables firms to enhance information acquisition capabilities, fortify internal communication channels, while utilizing cloud computing facilitates rapid comprehension of market dynamics. Consequently, insights gleaned from this research offer recommendations for refining tax relief measures furthering enhanced quality developments within non-ferrous metal enterprises.