Reinska V. Tax regulation of investments in Ukraine

Object - is tax regulation of investment. Methods - are historical method, method of induction and deduction, method of generalization, method of systematization, method of analysis, method of synthesis and abstraction, method of correlation and regressive analysis and method of analysis of absolute and relative values, method of synthesis, method of generalization, method of comparison and method of extrapolation and method of economic and mathematical modelling. Results - is deepening the theoretical and practical principles of fiscal regulation of investment efficiency in the context of overcoming crisis phenomena in economy. Novelty - the criteria of fiscal regulation of investment efficiency in the sphere of qualitative and quantitative increase of economic and social effects provision was improved; approach to analysis of tool of investment fiscal regulation with the help of economic and mathematical methods; mechanism of evaluating effectiveness of tax regulation of investment entities in the sphere of determination of the level of optimal corporate income tax rate on the basis of economic and mathematical modelling; algorithm of grounds of expediency of choise of the most effective tax instruments aimed at stimulating innovation entities activities with severance of four stages: assessment of the value of potential investments at discounting free from financial resources benefits usage for three years; assessment of the sum of possible losses of tax collection with taking into account the time factor for the same period; comparison of the volume of possible investments and losses of tax collection and substantiation of conclusions concerning expediency of tax privileges usage; assessment of potential investments impact on development of enterprises and tax collection. The proposed algorithm allows to determine investment potential and tax losses, possible in conditions of introduction of the proposed tax preferences and to estimate expediency of their usage in terms of strategic and tactical problems of the state. It was introduced in to activities of the Department of Economic Development and Trade of Rivne Regional State Administration, Ternopil United State Tax Inspection of the Central Board of the State Fiscal Service in Ternopil Region, Pology United State tax inspectorate of the Main Department of the State Tax Inspection in Zaporozka Region, Department of Economic Development of Investment Activity and International Cooperation of Ternopil Regional Public Administration