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Regional Economics: Theory and Practice
 

Tax policy in the sphere of entrepreneurship in Asia: Some peculiarities

Vol. 14, Iss. 10, OCTOBER 2016

PDF  Article PDF Version

Received: 1 March 2016

Received in revised form: 16 March 2016

Accepted: 30 March 2016

Available online: 24 October 2016

Subject Heading: SPATIAL ECONOMICS

JEL Classification: E22, G01, G14, G17

Pages: 15-27

Shestakova E.V. OOO Aktual'nyi Menedzhment, Moscow, Russian Federation
shestakova.ekaterina@gmail.com

Importance The paper deals with the issues of development of small business and entrepreneurship, taxation and administrative barriers that do not allow intensive development of small business. The paper discusses the development experience of Asian countries, showing quite high rates of growth of gross domestic product as a whole, as well as the development of small and medium-sized businesses.
Objectives The paper aims to develop theoretical provisions of the tax policy of the State in the sphere of business activities on the basis of the prevailing perspective techniques of taxation in the Asian region.
Methods The main method of research is a comparative method of analysis. I also used a description of the results of tax systems monitoring in other countries.
Results Based on the analysis of the tax systems in Asian countries, I identified the most effective aspects of the taxation of small business, which can be applied in the Russian Federation.
Conclusions and Relevance Taxation in the Asian region is significantly different from the one in Russia, as it aims to develop small businesses, providing privileges and preferences, including through tax holidays. I found that certain peculiarities of taxation, tax incentives, and tax differentiation play an important role in the development of entrepreneurial activity. My recommendations can be used to improve the taxation of small business, in particular, such mechanisms as tax holidays, tax deductions in the interest on loans and tax deductions when transferring business by succession.

Keywords: taxation, tax rating, tax differentiation, Asian region, deductions, onshore jurisdiction

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