Home  Journals  International Accounting  15(309) - 2014 April

Tax incentives of business activities: crisis measures of the developed countries

Available online: 13 April 2014

Subject Heading: Taxation

JEL Classification: 

Pages: 30-37

The alliances of various countries harmonize their tax systems while the global processes' intensification keeps on going. Yet, it usually concerns the consumption taxes, i.e. value-added tax, excise tax and customs duty, due to the need of trade leveling and maintaining of competitiveness of the domestic goods and services. However, the parallel process of tax competition affects the direct taxes, mostly a corporate tax. In the terms of instability of the economic systems (recession and economic slowdown) the liberalization of corporate taxation can effectively stimulate the entrepreneurial activity of economic entities. So, a study of the developed countries' experience is undoubtedly interesting to Russia in this regard.

Keywords: tax reform, corporate tax, tax deductions, tax rates, tax incentives

References:

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ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

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