Directions of Transformation of Tax Policy in Order to Support and Stimulate the Innovative Development of the Economy

Restrictions on the growth of the Russian economy caused by external geopolitical factors necessitate the search for new development resources, including tools for indirect support of industry. The subject of the study is a system of tax measures, primarily tax benefits and preferences, adapted to the needs of innovative economic development and contributing to stimulating demand for innovative products. The purpose of the work is to identify the elements of tax policy that need to be adjusted, to search for ways to eliminate the identified shortcomings. It is established that the current tax benefits are mainly general in nature in the presence of some territorial restrictions and do not take into account the sectoral and innovative components of tax policy. Proposals are formulated to clarify the existing tax benefits that contribute to attracting highly qualified specialists in the field of research and development; stimulating the consumption of innovative products, increasing the volume of financing of national projects, increasing the role of regions in creating a favorable investment environment through the implementation of interregional projects in priority sectors on the basis of a coordinated regional tax policy. The conclusion is made about the expediency of the transformation of tax policy in terms of the application of tax preferences aimed at stimulating the innovative component of the activities of economic entities.

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