The role of tax incentives in promotion of innovation activity in the Russian Federation

Abstract

The article deals with the taxation, as a tool for development and promotion of innovation. A coefficient characterizing the cost-effectiveness of tax incentives as the ratio of individual indicators of innovation activity of the recipients and the benefits of tax expenditures is proposed. As an innovative activity indicators are selected volume of innovative products, the cost of technological innovation, the value of fixed assets, investments in fixed assets, the number of active patents. The evaluation of the effectiveness of tax incentives on the basis of data on innovation activity and tax revenue from industries that are leaders in innovation is carried out. It is shown that the growth rate of falling budget revenues outpaced the growth rates that characterize the innovative activity of the taxpayer, indicating a lack of efficacy provided tax incentives. Obtained reasons of tax benefits inefficiency: a low level of innovative activity in the Russian Federation, the low demand for tax incentives from the taxpayers related to the problems of their application, the lack of intellectual property market development in the Russian Federation as a whole, as well as the lack of attention to the design of innovative performance in the enterprises. The following are suggested ways of stimulating effect of tax benefits: early identification and registration of results of intellectual activity in the organization, a comprehensive inclusion of all aspects of innovation in the current financial and economic activities of the organization; proper design innovation from the standpoint of accounting and taxation.