The Tax Benefits of Relaxing the Long-Only Constraint: Do They Come from Character or Deferral?

Subject. This article assesses the role of tax incentives for the Russian business' investment behavior. Objectives. The article aims to identify the relationship between the corporate income tax burden as an indicator responding to tax benefits application and the investment activities of Russian companies. Methods. For the study, we used the methods of analysis and synthesis, and the systems approach. The analysis covers the period from 2012 to 2018. The data of the Russian Federal State Statistics Service, Federal Tax Service of Russia, and the Ministry of Finance of the Russian Federation are the source of information for analysis. Results. The article summarizes the characteristics of the investment activity of the Russian business. However, the article does not reveal any obvious relationship between the income tax burden and the investment activity of the Russian business in the 2010s. There is also no link found between fixed investment and return on assets. Conclusions. The increase in income tax burden in the late 2010s, accompanied by a decrease in profitability, poses a threat to the active investment development of Russian organizations.

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ECOLOGICAL INNOVATIONS IN THE GREEN ECONOMY SYSTEM (LEGAL ASPECT)

International scientific journal Internauka Series Juridical Sciences ◽

10.25313/2520-2308-2020-10-6431 ◽

2017 ◽

Author(s):

Dmytro Zadychaylo ◽

◽

Krystyna Rutvian ◽

Keyword(s):

Legal Aspect ◽

Central Place ◽

Green Economy ◽

Modern Trend ◽

Environmental Innovation ◽

Economic Relations ◽

Legal Documents ◽

Tax Benefits ◽

Environmental Technologies ◽

Traditional Economy

The article is devoted to the content of the concept of "environmental innovation" in the system of socio-economic relations of the green economy. The genesis of the origin of the category "green economy" and the specifics of its functional content are clarified. It is stated that in contrast to international legal documents in the legislation of Ukraine there is no clear and systematic separation of the green economy as an important segment of the national economy. The article emphasizes the idea that the central place in the green economy should be occupied by two system-forming categories. The first is ecological management, which can be implemented in both commercial and non-commercial forms. The second is environmental innovation, as a source of the green economy gaining the same level of profitability as the traditional economy, and over time, its significant growth. Various definitions of "environmental innovation" are considered, as there is no single definition today. The article emphasizes the prospects of environmental innovations and the green economy in general, emphasizes their profitability. It is believed that caring for the ecosystem in which we live is not only a modern trend, but also a guarantee of stability of the entire biosphere. These aspects pose a large number of challenges to the environmental and economic legislation of Ukraine, both in terms of institutionalization of these categories, and in terms of providing them with effective implementation mechanisms. An attempt has been made to identify in which legislative acts these issues could be resolved. It was emphasized that the legislator does not provide any benefits for the introduction of environmental innovations and environmental management. It is proposed to introduce certain incentives for businesses that use environmental technologies or attract other environmental innovations, in the form of tax benefits.

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