Tax Stimulation of Innovation Activities Enterprises

Abstract

Purpose: Russia’s transition to innovation economy is one of the main ways to restore and develop the economic potential of the country. To achieve these objectives, it is necessary to ensure corresponding conditions and environment for the effective functioning of all economic entities. That concerns, first of all, tax incentives for innovative activities of enterprises. Methods: The study used a technique for comparative analysis. Results: In this regard, the article offers a scheme demonstrating the impact of the tax component, at every stage of the innovation life cycle, on the operating rate of enterprises as well as innovative development of the country. The system allows changing the rate of tax burden on economic entities by means of applying tax rate adjustment factors for the identified types of taxes, levies, duties and expenses with regard to expenditure pattern and export and import operations of current and permanent assets. Conclusions: basing on the analysis conducted, interdependencies between the fluctuations in interest rates on securities, income tax rate, capital tax (including the progressive, regressive and proportional taxation) and the rate of income on securities and revenue (before tax and retained profits) have been identified, which appear in the course of relations between state revenue (fiscal control) bodies, innovation-active economic entities and investors.

DOI: 10.5901/mjss.2015.v6n1s2p42