China promulgated The People's Republic of China Enterprise Income Tax Law on March 16th 2007, symbolizing that the reform which lasting 13 years has already completed smoothly. The article analyzes the reasons of new law's appearing before the public from the background of the legislation. Then the author emphasizes on the significance of the unity of enterprise income law from the perspective of technology innovation. As the author say, the unity of enterprise income tax system is beneficial to promoting the transformation of the mode of economy growth and the update of the industry structure, harmonizing area economy, fair competition, and so on. At last, the article draws the conclusion that the reform of the merger of domestic-funded and foreign enterprises income tax is a system innovation, which adapts to the new stage of the socialist market economy.
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