Financial Stimulation of Forest Resources Deep Processing

  • Valentina Vladimirovna ZOZULYA Department of Tax Policy and Customs and Tariff Regulation, Finance University under the Government of the Russian Federation, Russia
  • Olga Viktorovna ROMANCHENKO Plekhanov Russian University of Economics, Russia
  • Andrey Vladimirovich ZUYKOV Plekhanov Russian University of Economics, Russia
  • Anastasiya Yurievna SERGEEVA Plekhanov Russian University of Economics, Russia
  • Sergey Olegovich MEDVEDEV Siberian State University of Aviation, Russia
  • Inga Vladimirovna ZOZULYA Production and construction private company ‘Alliance’, Krasnoyarsk, Russia

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.

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Published
2017-06-08
How to Cite
ZOZULYA, Valentina Vladimirovna et al. Financial Stimulation of Forest Resources Deep Processing. Journal of Advanced Research in Law and Economics, [S.l.], v. 8, n. 1, p. 312-318, june 2017. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/1158>. Date accessed: 28 mar. 2024.