Abstract
The energy sector is one of the key topics in agenda of the BRICS strategic partnership. There are a few steps taken towards the development of sustainable energy innovations as well. However, this direction of strategic partnership is not supported by the other BRICS cooperation channels like the cooperation on tax matters. The tax incentives for the sustainable energy innovations could be part of the tax capacity building announced in the BRICS documents elaborated during the BRICS countries Revenue Authorities.
Highlights
The transformation to the sustainable energy systems becomes the key issue of the science and technology, and for the international cooperation and unions
The cooperation in the energy sector including the sustainable energy issues play an important role in the BRICS strategic partnership
The proactive tax matters like coherent tax treatment of the investments to the energy innovations or tax incentives are not covered by the tax authorities cooperation agenda We suggest that the tax incentives for the sustainable energy innovations could be part of the tax capacity building announced in the BRICS documents
Summary
The transformation to the sustainable energy systems becomes the key issue of the science and technology, and for the international cooperation and unions. The more sustainable energy becomes the priority for the economy development the stronger tax and other financial incentives are expected in this field. The world development trends nowadays are inconceivable without taking into consideration the BRICS (Brazil, Russia, India, China and South Africa) strategic partnership. The BRICS-countries represent the major economies in the world. In terms of population in 2016 these countries had around 43 percent of the world. The future development of BRICS in all arears including the sustainable energy will have a substantial impact on the world’s trends in development
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