Subject The article deals with the problems in the sphere of tax incentives for innovative industrial companies operating internationally. Objectives The article aims to develop a taxation mechanism and practical recommendations to improve the system of taxation for Russian industrial companies operating internationally. Methods For the study, we used the methods of statistical analysis, comparative analysis, and an analytical method. Results Our paper presents certain practical recommendations to identify the most acceptable tax scheme for international industrial companies of the Russian Federation, to increase the effectiveness of funding research and development and enhance the innovative capacity of enterprises. We propose a developed taxation mechanism of industrial companies of the Russian Federation to enhance their innovation. Conclusions Support measures in lowering the tax burden by establishing tax deductions and incentives, and provided by the State to high-tech manufacturing enterprises, are an essential mechanism for the development of an innovative economy. The combination of various tax incentive tools generates a positive innovation climate.
Keywords: international fiscal regulation, industrial enterprise, tax concessions, stimulation
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