Investment and innovation activities of economic entities: topical aspects of the modernisation of tax incentives
The article aims to study investment and innovation activity of economic entities in the Russian Federation with a view to proposing measures aimed at the modernisation of tax incentives in this sphere. The authors of the article make an attempt to systematise conceptual approaches to the definition of investment and innovation activities of economic entities, including risk, cyclical, process and effective approaches, and describe them; they identify the main problems of tax incentives to investment and innovation activities of economic entities. The article presents the current model of tax incentives to investment and innovation activities of economic entities, whose implementation is aimed at optimising the structure of tax incentives, strengthening the regulatory framework for tax incentives to investment and innovation activities of economic entities, as well as improving the efficiency of public institutions responsible for the provision of tax incentives. The authors develop an algorithm that can be used for introducing a new model of tax incentives to investment and innovation activities of economic entities; an original methodological approach is based on an expanded set of indicators and the calculation of the integral indicator (coefficient of optimality) of the effectiveness of tax incentives to investment and innovation activities of economic entities.