STIMULATION OF INNOVATIVE-INVESTMENT PROCESS: WORLD EXPERIENCE

In the article results of the comparative analysis of world experience of stimulation of innovative-investment process through theformation of a favorable tax climate are generalized. Development of tax stimulation of innovation activity is considered as a crucialfactor in building a new model of economic growth. It is concluded that within the subject principle there are three elements of thestimulation instrument: amortization privileges, preferences concerning the profits tax, indirect measures of tax stimulation. Conclusionson potential use of foreign tax instruments of stimulation of innovation activity in the Russian conditions are presented.KEY WORDS: tax stimulation, innovation activity, tax credits, investment tax credit, tax research credit, amortization, profit tax ofthe organizations, R&D, modernization

THE INFLUENCE OF FOREIGN BANK ENTRY ON THE DEVELOPMENT OF REGIONAL FINANCIAL MARKETS

Intensive international activity of banks caused by fairly recently lifted financial restrictions in many countries has been a subject ofgreat scientific interest ever since. The article describes various short-term consequences of foreign bank penetration in the financialmarkets of some of the regions of the world. The authors pay specific attention to the reasons and modes of foreign bank entry inemerging market and transition market economies as well as to the differences in the impact of such entry on the stability and efficiencyof financial systems and economies of the countries of Asia, Latin America, Central and Eastern Europe and Russia. Researchmethods: systemic, comparative and logical analysis.KEYWORDS: foreign bank entry, emerging market economies, bank competition, banking sector stability

Aukštojo mokslo sistemos finansavimo pokyčiai Rusijoje

The diversification of financial sources is a reflection of that support, which the society renders to higher education. And it requires the further expansion in aims of maintenance of higher education development, increase in its efficiency and maintaining up to the mark its quality and adequacy. The state support of higher education and scientific research still has the major value for the balanced decision of educational and public problems maintenance

Aukštojo mokslo sistemos finansavimo pokyčiai Rusijoje

The diversification of financial sources is a reflection of that support, which the society renders to higher education. And it requires the further expansion in aims of maintenance of higher education development, increase in its efficiency and maintaining up to the mark its quality and adequacy. The state support of higher education and scientific research still has the major value for the balanced decision of educational and public problems maintenance

A Historical analysis of tax competitiveness between EU member states

We demonstrate that the dynamics of tax competitiveness in the EU has gained a new higher level. The shift in the tax competition can be noted after new countries have joined the EU. Both positive and negative effects of tax competitiveness are discussed in the paper and the question of trade-off between the strong tax competitiveness of a country and magnitude of its tax revenue is raised. Evaluation of chosen countries using multiple criteria decision aid methods (MCDA) shed more light on the opposition of two groups of countries, the old and new members of the EU, provided more details on the both the present state and dynamics of tax competitiveness in the. The evaluation methodology can be successfully used for monitoring the current state of tax competitiveness of each member country. Prominence of the multiple criteria evaluation TOPSIS method of MCDA evaluation is described