Сorporate investment tax deduction in the new industrialization context

Abstract

The article dwells on income tax deductions provision and the procedure analysis. The research is aimed at the existing federal and Russian Federation subjects legal regulations within the framework of tax exemption provision for the companies investing actively. The ground for the research is the fact that tax exemptions may help investment activity and new industrialization procedure growth. The comparative analysis results relatedto the Tax Code regulations, Kareli Republic as well as Chanti-Mansiysk and Yamalo-Nenetzk Autonomous Districts laws have been analyzed in the article. Basing on the results the following conclusion have been drawn that testifies that the existing Federal legislation rules have not been provided by support according to the Russian Federation subjects standards. The tax exemption provision possibilities for the Sverdlovsk oblast are still being discussed. Corporate investment tax exemptions for taxpayers and budget institutions risks and advantages have been specified.