Regional System of Tax Benefits as a Basis of the Regional Investment Attractiveness (In Novosibirsk Region)

Abstract
In recent years, when regional budgets have not had sufficient resources to provide direct financial support to entrepreneurs and investment projects, the stimulating function of regional tax incentives have been playing a big role. At the same time, currently applied regional tax incentives are predominantly social rather than stimulating. In this regard, the article examines the possibility of developing stimulating tax advantages with the least negative effect for the regional budget. On the example of the Novosibirsk region, the dynamics and structure of the regional budget revenues, as well as the tax breaks and associated shortfalls in revenue, based on the results of 2015–2016, are analyzed. In addition, a comparative analysis was conducted with benefit systems of subjects of the Siberian Federal District. As a result of the comparison, the weaknesses of the tax benefits provided in the Novosibirsk region and the reasons preventing them from performing the stimulating functions were identified. In accordance with the obtained results, the directions for improving and developing the stimulating tax benefits in the Novosibirsk region are proposed.

Keywords:
regional tax benefits, tax incentives, regional budget revenues, corporate income tax, corporate property tax, simplified taxation system, incentives for investment activity, regional tax policy



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