Foreign Experience of Tax Incentives for the Innovation Development of Economies
DOI:
https://doi.org/10.5377/reice.v12i24.20067Keywords:
Tax incentives, strategic partners, Viet Nam, innovation development, competition, research and developmentAbstract
The relevance of the study is determined by the need to analyze the experience of tax incentives in selected countries (in this case, the strategic partners of Vietnam) in order to identify its impact on the innovative development of the country. The purpose of the work is to test the hypothesis about the positive impact of the applied tax incentive instruments on the level of innovative development of the economies under consideration. The main methods used in this study include the collection and processing of statistical data, their comparative analysis, the study of the regulatory framework for tax regulation and other documents related to providing tax incentives for the innovative development of economies. As a result of the study, tax incentive measures were identified as the most effective among other government support measures aimed at achieving innovative development in the analyzed countries. The practical significance of the work done lies in the formation of a package of specific recommendations for the Vietnamese economy in the field of tax incentives for the innovative development of the country.
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