The key problems of the implementation of fiscal instruments to stimulate innovation activity
Keywords:
tax incentives, tax credits, tax allowance, fiscal incentives, R&D, innovationAbstract
The article is dedicated to the analysis of problems faced by the country during implementation of fiscal instruments for stimulating innovation activity and research and development projects. The difficulties of determining the object of supporting and selection optimal fiscal instruments is in the center of this researching. The approaches to solve these problems are analyzed on the base of the analysis of the basic recommendations of the OECD and the experience of their implementation. The advantages and disadvantages of budget and tax mechanisms are also considered in this article as well as different fiscal instruments to stimulate innovation and R&D using in the countries that have achieved the greatest progress in this direction. The necessity of introducing the international experience for stimulating innovation activity and R&D projects in the Ukrainian system of state support is described in this work.References
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