Financial Stimulation of Forest Resources Deep Processing Zozulya, Valentina Vladimirovna; Romanchenko, Olga Viktorovna; Zuykov, Andrey Vladimirovich ...
Journal of advanced research in law and economics,
04/2017, Volume:
8, Issue:
1(23)
Journal Article
Peer reviewed
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' proposals 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.
Forest complex is the great asset for the country-owner. This segment of the national economy provides the wide spectre of different resources valuable for many industries of the national economy ...such as construction, printing, trade, medicine. Therefore it is necessary to form proper technical and technological base with industrial modernization mechanisms to use huge potential of forests fully, keeping ecological standards and norms of rational nature use. In the article the questions of industrial management modernization are considered in complex, including ecological management and ecological policy in relationships with physical and financial indicators of companies' activities, possible technological and technical decisions fitting current orders of the society and market. Methods of multidisciplinary analysis, comparison, analogy and modelling are widely used in the article. The factical and statistical materials are represented on the example of Russian forest complex development over the last quarter of century. In technological novations we can underline so-called light-technologies with self-cleaning mechanisms, perspective to be used in processing of forest seed oil, mushrooms and berries. Some timber industry equipment can implement such technologies too. The most significant result of the research is the authors' ?Concept of industrial modernization management?, basing on the synergy of novations in ecological management, governmental financial methods of stimulation, technical, technological, marketing and business decisions.
Financial Stimulation of Forest Resources Deep Processing Zozulya, Valentina Vladimirovna; Romanchenko, Olga Viktorovna; Zuykov, Andrey Vladimirovich ...
Journal of advanced research in law and economics,
2017, Volume:
VIII, Issue:
23
Journal Article
Peer reviewed
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’ proposals 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.
