Tax tools with innovative functionality: practice and possibilities of application in Ukraine

Abstract

Methods. The methodological basis of the study are general and special methods of scientific knowledge, in particular: methods of interdisciplinary, institutional, comparative and statistical analysis with the use of tabular and graphical methods of data visualization to formulate theoretical foundations of research tax tools with innovative functionality. Results. The essence of tax tools with innovation functionality is determined, the goals of which are the formation of a competitive environment with prerequisites and focus on innovation, support for innovation, intersectoral and public-private cooperation in innovation, state guarantee of investment in innovation projects. The current practices of tax policy in Ukraine with an emphasis on innovative results are analyzed, which allowed the author to divide them into investment, subjective and innovation-resuscitation areas. Novelty. Taking into account the satisfactory situation with regard to innovation in Ukraine, a flowchart of the scientific substantiation of the concept of state regulation of innovative transformations of the economy is proposed, where tax tools occupy an important place. Practical value. The system of measures on the way of effective application of tax tools with innovative functionality in Ukraine is determined. In the short term, measures aimed at overcoming the current destructive effects of tax benefits have been identified, namely: disclosure and public control of their institutional orientation, reduction of tax benefits to resource-intensive sectors of the economy with low innovation efficiency, introduction of profitability criteria for entities. with the prospect of innovation, providing tax benefits for the renewal of fixed assets.