Mitrofanova I.A., Belyaev A.A., Chuvilskaya N.K. Effects of tax regulation of investment into innovative projects
Inna Alekseevna Mitrofanova
Candidate of Economic Sciences, Associate Professor, Department of Economics and Management, Volgograd State Technical University
Prosp. Lenina, 28, 400005 Volgograd, Russian Federation
Alexander Andreevich Belyaev
Postgraduate Student, Department of International and Regional Economics, Volgograd State University
Prosp. Universitetsky, 100, 400062 Volgograd, Russian Federation
Nadezhda Konstantinovna Chuvilskaya
Master Student, Faculty of Economics and Management, Volgograd State Technical University
Prosp. Lenina, 28, 400005 Volgograd, Russian Federation
Abstract.
The relevance of the subject of the article is caused by the need of the assessment of the effects of the realization in practice of the law suggested by the Ministry for Economic Development of the Russian Federation, directed on the tax attraction of investment into innovative projects in the conditions of growth of the economic instability. Investments into innovations are closely connected with the spheres of business and any sort of the innovation can’t be carried out without capital investments. Investments into innovative projects are justified only in the conditions of the developed economy as they are guided by the results of the scientific and technical progress providing the reduction in cost of the main part of the capital and let cut the expenditures on the production of separate components of the manufactured product. The introduction of labor-saving innovations in the form of inputs of production leads to a decrease in production expenses, to the receipt of additional profit, improvements of image of the enterprises, to the attraction of new investments of new investors. The authors analyze the reasons of decrease in growth rates of investments into the fixed capital in Russia in recent years, inefficiencies of traditional tools of tax incentives of investment activity of the enterprises working in the field of hi-tech sector of the economy. The critical estimates of possible positive and negative effects from the use of the tax tools offered by the Ministry for Economic Development of the Russian Federation are offered. It is necessary in authors’ opinion to provide the system approach to the modernization of the policy of the taxation for the enterprises, the activity of which have an innovative focus.
Key words: investment, innovations, investment and innovative projects, tax tools, effects, regulation, stimulation, development.
Attachments: /Mitrofanova_i_dr.pdf