Novikov V.V., Sazonov S.P. THE EXPERIENCE OF INDUSTRY STIMULATION IN THE VOLGOGRAD REGION BY MEANS OF REGULATED TAXES

http://dx.doi.org/10.15688/jvolsu3.2014.2.8  

Novikov Vadim Vladimirovich
Deputy General Director, Ltd. Grand
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Raboche-Krestyanskaya St., 44, 400074 Volgograd, Russian Federation

Sazonov Sergey Petrovich
Doctor of Economic Sciences, Professor, Head of the Department of Economics and Business Finance, Volgograd State Technical University
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Prosp. Lenina, 28, 400131 Volgograd, Russian Federation

Abstract. The authors investigate the budgetary efficiency of the Law of March 5, 1998 no. 156-OD “On the tax system on the territory of the Volgograd region”, drafted by deputies A.T. Boguslavskiy, A.G. Morozov and V.V. Novikov. According to this law, tax rates on profits and property were decreased depending on the growth of production volumes. The authors estimate the efficiency of the Law of June 3, 1997 no. 121-OD “On economic development zones on the territory of the Volgograd region”, drafted by deputies A.G. Morozov and V.V. Novikov. Using the proposed methodology and sampling of large taxpayers, who used the Law no. 156-OD, the authors prove budgetary efficiency of the Law. On the example of the Krasny Oktyabr factory the efficiency of the Law no. 121-OD is proved. The article contains recommendations on upgrading the existing tax and investment legislation of the Volgograd region.

Key words: GDP growth, reduction of tax burden, flexible tax scheme, budgetary efficiency, regional legislation, corruption-generating factors.

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The Experience of Industry Stimulation in the Volgograd Region by Means of Regulated Taxes by Novikov V.V., Sazonov S.P. is licensed under a Creative Commons Attribution 4.0 International License.

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