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Regional Economics: Theory and Practice
 

Investment tax incentives as tools for the development of land areas

Vol. 17, Iss. 3, MARCH 2019

Received: 14 February 2019

Received in revised form: 20 February 2019

Accepted: 21 February 2019

Available online: 15 March 2019

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: Е62, Н21, Н25, R12

Pages: 540–553

https://doi.org/10.24891/re.17.3.540

Vyakina I.V. Tver State Technical University (TvSTU), Tver, Russian Federation
vyakina@yahoo.com

https://orcid.org/0000-0003-1925-2286

Plotitsyna L.A. Financial University under Government of Russian Federation, Moscow, Russian Federation
ploticina@bk.ru

ORCID id: not available

Skvortsova G.G. Tver State Technical University (TvSTU), Tver, Russian Federation
gala-skvortsova@yandex.ru

https://orcid.org/0000-0002-7965-5995

Subject This article discusses the use of special tax regimes to stimulate investment activity at the regional level.
Objectives The article aims to consider the effectiveness of the application of investment tax incentives as tools for the development of regions.
Methods For the study, we used the methods of systems, logical, and comparative analyses, and mathematical statistics.
Conclusions To implement investment projects in the region, tax incentives are not the most significant factor in choosing by a potential investor at the moment. The application of tax exemptions is related to the non-receipt of budget revenues. The phasing out of individual federal tax exemptions and the transfer of authority to establish them at the regional (local) level should ensure a balanced regional budget, but at the same time may increase the differentiation in the regional development. However, the optimization of the existing investment tax incentives in the regions seems necessary.

Keywords: investment, tax incentives, development, regions

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