№ 3/2016

№ 3/2016

Nauk. pr. NDFI 2016 (3): 54–68

ACCOUNTING AND TAXATION

TOCHYLINA Iryna ¹

¹SESE “The Academy of Financial Management”
OrcID ID : https://orcid.org/0000-0003-1176-4252

The experience of tax stimulate innovative economic development

The article analyzes the practical experience of application of tax incentives for research and innovation in such countries as USA, Canada, UK, France, Australia, Norway, Poland and Hungary. Despite the fact that certain tax benefits are successfully implemented in many economies, their types and structures in each country differ significantly. They are designed, combined and improved in view of the specifics of each national tax system. Having examined and systematized into innovative process phases the world experience of application of tax incentives as a tool of general governance of innovative development of the economy, the author singles out most popular types of tax breaks. Incentives on the corporate income tax comprise most opportunities for the innovative development stimulation. The most popular forms of the corporate income tax incentives are research tax discounts and credits. The combination of these types of incentives with incentives on the personal income tax, the value-added tax and excises within special tax regimes of small high-tech enterprises activity, technical parks, etc., enables to enhance the target direction of the state regulatory measures. The author substantiates the feasibility of using the experience of developed countries in developing effective fiscal and financial incentive mechanisms to stimulate innovation development of the Ukrainian economy.

Keywords:stimulating innovative development, tax incentives, research tax credit, international experience.

JEL: H21, H24, Н25, О38.

Tochylina I. . The experience of tax stimulate innovative economic development / I. Tochylina // Наукові праці НДФІ. - 2016. - № 3. - C. 54-68.

Article original in Ukrainian (pp. 54 - 68)

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