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Financial Stimulation of Forest Resources Deep Processing

Author

Listed:
  • Valentina ZOZULYA

    (Department of Tax Policy and Customs and Tariff Regulation Finance University under the Government of the Russian Federation Russia)

  • Olga ROMANCHENKO

    (Plekhanov Russian University of Economics Russia)

  • Andrey ZUYKOV

    (Plekhanov Russian University of Economics Russia)

  • Anastasiya SERGEEVA

    (Plekhanov Russian University of Economics Russia)

  • Sergey MEDVEDEV

    (Siberian State University of Aviation Russia)

  • Inga ZOZULYA

    (Production and construction private company Alliance Krasnoyarsk Russia)

Abstract

The article deals with the economic problems of forest resources deep processing The main aim of the research is to discover some financial ways to develop effectiveness of processing industry activities in forest complex The results achieved in the study are the authors pro posals to improve the economic component of forest raw materials processing at stages of production and trade The financial instruments to develop deep raw materials processing of forest resources can be arranged in this order according to the criteria of effectiveness investment tax credit tax holidays in some cases lower VAT rates on the production of forestry tax benefits set into corporate income taxes based on reinvestment of profit terms tax exemption in respect of corporate property taxes lower credit rates for the projects in non investment banks special non tax investment credit lines public private partnership special financing of certain programs or projects higher customs duties for raw materials export and lower for processing On the basis of mentioned financial instruments we prepared Model of financial stimulation of processing industry in forest complex

Suggested Citation

  • Valentina ZOZULYA & Olga ROMANCHENKO & Andrey ZUYKOV & Anastasiya SERGEEVA & Sergey MEDVEDEV & Inga ZOZULYA, 2017. "Financial Stimulation of Forest Resources Deep Processing," Journal of Advanced Research in Law and Economics, ASERS Publishing, vol. 8(1), pages 312-318.
    • Handle: RePEc:srs:jarle0:v:8:y:2017:i:1:p:312-318
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