Krysovatyi I. Tax Regulation of Innovative Processes in Ukraine: status and prospects development

The study of theoretical foundations of tax regulation for innovative processes is carried out and effectiveness of their tax regulation in Ukraine is analyzed. Practical recommendations for the reform of the tax system in Ukraine are proposed to enhance innovation. The terminology in the field of innovations and their tax regulation is researched. The mechanism of tax regulation of innovation is justified and the correlation of its components is determined. The indicators for evaluation of the proposed mechanism are proposed in the context of achieving economic, social, environmental effects and the effect of novelty. The efficacy of tax regulation of innovation processes in Ukraine is investigated in general and the role of income taxes and consumption taxes in the promotion of innovative activities in particular. The positives of tax regulations of innovation activity in foreign countries which can be used in Ukraine are determined. Effective directions for improving of tax legislation are outlined to enhance innovation processes.