INSTITUTIONAL SUPPORT OF INVESTMENT CLIMATE FORMATION IN UKRAINIAN BLACK SEA REGIONS
Journal Title: Економічні інновації - Year 2017, Vol 1, Issue 63
Abstract
It is analyzed the essence and structure of economic category "investment climate" in view of modern visions of investors and according to the requirements of national and international legislation. A conceptual approach to the improving of favorable investment climate, on the example of Ukrainian Black Sea, through tax levers of regulation in a decentralized budgets areas is designed. It is proposed to introduce the norm of the exemption from profit tax of a financial result that is invested in the economic activity of a domestic entity for the implementation of an investment project, but onle when provided wage level of employees in this project is at least twice more than the amount of the average wage by such type of economic activity where the project is implemented or should be. The implementation of this proposal will require the amendment of Tax Code of Ukraine and as a result will be a powerful tool for stimulating of the development of investment activity in the community without the need for approval of the special legal status of individual territories. This approach corresponds to the principle of observance of the general economic conditions and rules of the conducting of economic activity on the conditions of equal competitive advantages and opportunities. Also, the method of this tax exemption will not only stimulate the growth of wage payments, which will increase social standards in the territories, but will allow to implement a project approach to the stimulating of investment activity, when the object of the benefits is a specific investment project and not an economic entity. The proposed in the article approach is characterized by economic efficiency and is determined to minimize the political and other risks that would occur when using traditional instruments – the introducing of special modes of business activity conduction.
Authors and Affiliations
O. I. Laiko, Z. V. CHECHOVICH, ZH. H. NAUMENKO
Keywords
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