Part3 : the problems with china ' s fiscal policy on venture capital . the problems include : a definite and integrated system of fiscal law on venture capital has not be built up . the present tax law and code are not fit for the development . the government expenditure on tech - research and product - transform is not enough . the structure of government expenditure is not in reason . the efficiency of the go 指出问题主要包括以下几点： 1 、缺乏一种针对风险投资的明确而又完整的财税法律与政策支持体系； 2 、现行税收法律政策不利于风险投资业的发展； 3 、财政投入科技研发和成果转化的资金总量不足，并且存在结构性问题，资金使用效率低下的问题普遍存在。
