TAX REFORMS AND THEIR IMPACT ON THE INVESTMENT PROCESS IN THE AGRO-INDUSTRIAL COMPLEX

DOI 10.32651/213-31

Issue № 3, 2021, article № 6, pages 31-36

Section: Problems of efficient management

Language: Russian

Original language title: НАЛОГОВЫЕ РЕФОРМЫ И ИХ ВЛИЯНИЕ НА ИНВЕСТИЦИОННЫЙ ПРОЦЕСС В АПК

Keywords: AGRICULTURE, AGRO-INDUSTRIAL COMPLEX, TAXES, TAXATION, TAX REFORMS, INVESTMENT PROCESS, INVESTMENT CAPITAL

Abstract: This article examines tax reforms in the modern economy and their impact on the investment process in agro-industrial complex. An assessment of main changes in the taxation of agro-industrial complex is given: the introduction of various taxation systems, the establishment of number of taxes and their rates, the impact of tax burden on investment processes. In initial periods of reforming tax legislation, taxes did not contribute to investment development, its subsequent changes led to an improvement in tax collection, a decrease in the tax burden and an intensification of the investment process in the economy as a whole and in agro-industrial complex, but a number of unresolved problems remain regarding the balance of taxation between industries and economic entities, subjects. Measures are proposed to eliminate the negative phenomena in taxation, and to intensify the investment process in agro-industrial complex with use of tax incentives and preferences to develop the agro-industrial complex.

Authors: Zaruk Natalia Fedorovna