Development and Approbation of the Technique of the Assessment of Expediency and Budgetary Productivity of Introduction of the Tax Privilege

Abstract

Practical need of the national economy of the Russian Federation in research on the use of tax incentives to stimulate innovative activity defined goals, objectives, subject and object of the present study. The aim is to develop a methodology for assessing the impact of the tax incentives from the point of view of the state. In accordance with this purpose the following tasks are formulated and substantiated in the work: creating guidelines to improve tax incentives to stimulate innovative activity in the Russian Federation; development of methodology for assessing the fiscal impact of tax incentives in Russia using the methods of correlation and regression analysis. The developed technique is applied taking into account already introduced incentives and it is able to be applied for adjustment of the tax policy of the state. Under the definition of “fiscal effectiveness” of incentives we understand correspondence of 1) additional R & D costs in the economy as a whole due to the introduction of benefit itself (" result ") and 2) in the amount of shortfall in budget revenues from the introduction of the tax benefits that could have been spent on R & D directly (e.g., by government order), and this increases the level of R & D expenditures for total economy ("cost"). This definition is based on the fact that the size of R & D expenditures is a sign of innovativeness of the economy. Scientific novelty consists in the fact that the technique of assessing the budgetary effectiveness of application of the tax. The technique lies in correlation and regression analysis of statistical data, identifying the size of the additional R & D expenditures caused by introduction of particular incentives and comparing values of these costs with the size of the budget shortfall in income due to the introduction of incentives. The method was tested on the example of the income tax. Inappropriate use of regional benefits for income tax for the companies - manufacturers of high-tech products is proved.

DOI: 10.5901/mjss.2015.v6n3s6p67