- PII
- S042473880000616-6-1
- DOI
- 10.7868/S0000616-6-1
- Publication type
- Article
- Status
- Published
- Authors
- Volume/ Edition
- Volume 52 / Issue 3
- Pages
- 78-91
- Abstract
- The paper considers the model of investment attraction for creation of new enterprises in the real sector through the mechanism of tax holidays. In the framework of this model, considering the stochastic dynamics of the profi ts from the enterprise, we give a comparative analysis of three principles of granting tax holidays on profi t tax: 1) holidays of determined (fi xed) duration; 2) holidays based on the payback period of initial investment; 3) holidays based on the level of profi t. For estimating potential possibilities of tax holidays we use an optimization approach to the specifi cation of tax holidays options. The optimality criterions are the expected discounted tax payments from the created enterprise into the consolidated budget. We use the investment level (which characterizes the time of the investor's entry) as indices for comparing the NPV from created enterprise, as well as the expected discounted tax payments from the created enterprise into the federal and regional budgets. The comparison is conducted for three types of tax holidays on profi t tax which are really used in Russia: full, partial and regional holidays.
- Keywords
- investment project, tax holidays, stochastic process of profits, profit tax, expected tax payments into the budget, payback period
- Date of publication
- 01.07.2016
- Year of publication
- 2016
- Number of purchasers
- 1
- Views
- 1023
RAS Social ScienceЭкономика и математические методы Economics and the Mathematical Methods
- ISSN (Print) 0424-7388
- ISSN (Online) 3034-6177
COMPARATIVE ANALYSIS OF VARIOUS PRINCIPLES OF THE GRANTING TAX HOLIDAYS
Indexing
Scopus
Crossref
Higher Attestation Commission
At the Ministry of Education and Science of the Russian Federation
Scientific Electronic Library