Financial Stimulation of Forest Resources Deep Processing
Abstract
The article deals with the economic problems of forest resources deep processing. The main aim of the research is to discover some financial ways to develop effectiveness of processing industry activities in forest complex. The results achieved in the study are the authors’ proposals to improve the economic component of forest raw materials processing at stages of production and trade. The financial instruments to develop deep raw materials processing of forest resources can be arranged in this order according to the criteria of effectiveness: investment tax credit; tax holidays in some cases; lower VAT rates on the production of forestry; tax benefits set into corporate income taxes based on reinvestment of profit terms; tax exemption in respect of corporate property taxes; lower credit rates for the projects in non-investment banks; special non-tax investment credit lines; public private partnership; special financing of certain programs or projects; higher customs duties for raw materials export and lower – for processing.
On the basis of mentioned financial instruments we prepared Model of financial stimulation of processing industry in forest complex.
References
[2] Bakulin, V.A. 2016. Diseases from fungies and toxins. V.A. Bakulin. Aviculture. 5: 41-45.
[3] Bellanca, S., and Vandernoot, J. 2014. International public sector accounting standards (IPSAS) implementation in the European Union (EU) member states. Journal of Modern Accounting and Auditing, 3: 257-269.
[4] Charity, M. 2014. IPSAS, a guaranteed way of quality government financial reporting? A comparative analysis of the existing cash accounting and IPSAS based accounting reporting. Journal of Modern Accounting and Auditing, 3: 134-131.
[5] Chirkova, E.S., and Chepeleva, G.G. 2016. The development of new functional drink with black currant berries (Ribes nigrum l.) of Siberian sorts / E.S. Chirkova, G.G. Chepeleva. Innovation management: тheory, methodology, practice, 15: 99-105.
[6] Dhaliwala, D., Gaertnerb, F., Lee, H., and Trezevant, R. 2015. Historical cost, inflation, and the U.S. corporate tax burden / D. Dhaliwala, F. Gaertnerb, H. Lee, R. Trezevant. Journal of Accounting and Public Policy, 34(5): 467-489. doi:10.1016/j.jaccpubpol.2015.05.004
[7] Hawley, Z., and Rork, J. 2015. Competition and property tax limit overrides: Revising Massachusetts’ Proportion 2½. Regional Science and Urban Economics. 52: 96. doi: 10.1016/j.regsciurbeco.2015.02.006
[8] Mayer-Serra, C. 2014. How to collect more taxes without spending more efficiently? On the difficulties of increasing the tax burden in Mexico. Revista Mexicana de Ciencias Politicas y Sociales, 59 (220): 147-190. ISSN: 01851918
[9] Nerudová, D., and Dobranschi, M. 2016. The Impact of Tax Burden Overshifting on the Pigovian Taxation. Social and Behavioral Sciences, 220: 302-311. doi:10.1016/j.sbspro.2016.05.503
[10] Romanchenko, O.V., and Zozulya, I.V. 2015. The features of Russian subjects of federation budgets forming. Transport business of Russia, 2: 64-67.
[11] Sineviciene, L., and Railiene, G. 2015. The Nexus between Government Size, Tax Burden and Pri¬vate Investment. Procedia - Social and Behavioral Sciences, 213: 485-490. doi:10.1016/j.sbspro.2015.11.438
[12] Tatarkin A.I., and Romanova, O.A. 2014. Industrial policy: genesis, regional features and legislative provision. Economy of Region, 2: 9-21.
[13] Tatarkin, D.A., and Sidorova, E.N. 2014. The assessment of social reproduction process influence on economic development of region (On the example of Sverdlovsk region). Economic and Social Changes: Facts, Trends, Forecast, 4 (34): 100-112.
[14] Zozulya, V.V. 2014. Modelling of socioeconomic development of forest industry complex of Russia. Economy. Taxes. Law, 6: 49-54.
[15] Zozulya, V.V., and Zuykov A.V. 2015. Property classification in goals of taxation. International accounting, 14 (356): 41-50.
The Copyright Transfer Form to ASERS Publishing (The Publisher)
This form refers to the manuscript, which an author(s) was accepted for publication and was signed by all the authors.
The undersigned Author(s) of the above-mentioned Paper here transfer any and all copyright-rights in and to The Paper to The Publisher. The Author(s) warrants that The Paper is based on their original work and that the undersigned has the power and authority to make and execute this assignment. It is the author's responsibility to obtain written permission to quote material that has been previously published in any form. The Publisher recognizes the retained rights noted below and grants to the above authors and employers for whom the work performed royalty-free permission to reuse their materials below. Authors may reuse all or portions of the above Paper in other works, excepting the publication of the paper in the same form. Authors may reproduce or authorize others to reproduce the above Paper for the Author's personal use or for internal company use, provided that the source and The Publisher copyright notice are mentioned, that the copies are not used in any way that implies The Publisher endorsement of a product or service of an employer, and that the copies are not offered for sale as such. Authors are permitted to grant third party requests for reprinting, republishing or other types of reuse. The Authors may make limited distribution of all or portions of the above Paper prior to publication if they inform The Publisher of the nature and extent of such limited distribution prior there to. Authors retain all proprietary rights in any process, procedure, or article of manufacture described in The Paper. This agreement becomes null and void if and only if the above paper is not accepted and published by The Publisher, or is with drawn by the author(s) before acceptance by the Publisher.