Tatarenko, N.N. Taxation of income of the economic subjects: investment innovation approach

Abstract: At the current stage of development of Russian economy introduction of innovation gains more and more value. Strengthening the role of scientific and economical progress influences the economic growth, and therefore it is necessary to have thorough development of goals and strategies for the innovation policy. The scientific work in Russia regularly needs investments, which may be guaranteed by increasing investment activities. The article is devoted to the issue of investment stimulation, which may be achieved mainly by preferential taxation. The author analyzes three stages of development of the tax system, which took place during the latest decade, shows positive and negative features of each period, and evaluates the influence of reforms on the economic system as a whole. For most of the article, the author provides comparative analysis of Russia with the industrially developed states and their experience of investment stimulation for the innovation activities. It is noted that the foreign experience may be quite useful for the Russian economy. The study provides detailed analysis of such terms as “preferential taxation”, “preferences”, “tax deductions”, “tax benefits”, “grant financing of scientific work”, “investment tax credit”, “accelerated amortization system”, as well as innovation centers and university towns. The author analyzes advantages and disadvantages of these terms and the degree of their influence on the investment and innovation components of economy, and the article also includes analysis of obstacles to the preferences for the innovation sector, as well as the ways to overcome existing problems.

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