Public Policy Development in the Field of Taxation and Business Subsidies: Rental Instruments of Economic Leadership

DOI

10.2991/assehr.k.200526.024How to use a DOI?

Keywords

public policy, taxation, business subsidies, rental instruments, economic leadership

Abstract

Finding a balance between tax withdrawal from enterprises and public spending in the form of subsidies to support economic activity and development is an important condition for the success of the state economic policy in the field of taxation and subsidizing entrepreneurship. This balance should lead to a sufficient level of motivation for the business to continue its commercial and innovative activity. Current mechanism of public policy in this area does not always consider regional specificity, expressed in the form of local advantages and problems that individual enterprises have due to their location. This leads to the fact that tax restrictions do not allow potentially successful enterprises to achieve economic leadership in the industry. At the same time, companies that have significant infrastructural and social advantages due to their location may receive excessive funding, which will no longer stimulate active innovative development. To eliminate these problems and create a balanced business environment, this paper offers rental instruments that will help to link fiscal and regulatory functions of the taxes more effectively, as well as to increase the efficiency of public spending on support of entrepreneurship.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Viktoriia Degtereva
AU  - Andrey Zaytsev
AU  - Ekaterina Mihel
PY  - 2020
DA  - 2020/05/27
TI  - Public Policy Development in the Field of Taxation and Business Subsidies: Rental Instruments of Economic Leadership
BT  - Proceedings of the 6th International Conference on Social, economic, and academic leadership (ICSEAL-6-2019)
PB  - Atlantis Press
SP  - 162
EP  - 166
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200526.024
DO  - 10.2991/assehr.k.200526.024
ID  - Degtereva2020
ER  -