Tax regulation and attraction of investments in the waste management industry: innovations and technologies
Keywords:
Environmental issues, investment, tax and investment relations, waste, landfill, waste management.
Abstract
The rate of waste accumulation in Russia increases every year. The scientific community is constantly looking for new methods of waste management and is forced to solve the emerging environmental and economic problems in this area. The purpose of the article is to analyze the relationship between tax regulation and investment in the waste management industry. The article substantiates the relevance of the introduction of innovative technologies in the field of waste management in the conditions ensuring environmental safety and economic feasibility. The features of tax and investment relations are considered and the application of the investment criterion in determining the environmental tax rate is demonstrated. The priority of an investment project’s investment requirements is presented based on the example of the construction of a new municipal solid waste landfill. The experience of investing in waste management in the EU countries is considered. Based on an expert survey, the factors of investment and innovation attractiveness of investing in the waste management industry, as well as the existing innovative waste management technologies in Russia and other countries, are determined.
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References
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Vaisman, Ya.I., Pugin, K.G. (2015). Retrospektivnyi analiz i perspektivy razvitiya sistem upravleniya obrashcheniem s otkhodami proizvodstva [A retrospective analysis and development prospects of production waste management systems]. Vestnik MGSU, 2, 70–84.
Wilson, D.C., Parker, D., Cox, J. (2012). Business waste prevention: A review of the evidence. Waste Management & Research, 30. 17–28.
Wong, K.P. (2009). Progressive taxation, tax exemption, and corporate liquidation policy. Economic Modelling, 26(2), 295-299.
Zee, H.H., Stotsky, J.G., Ley, E. (2002). Tax Incentives for Business Investment: A Primer for Policy Makers in Developing Countries. World Development, 30(9), 1497-1516.
management_in_megacities
Dyussembekova, G., Reshina, G., Primbetova, S., Sultanova M., Beisembayeva G. (2019). Role and Importance of the Damu Enterprise Development Fund and International Investment Funds in Implementing Project and Leasing Financing Programs in Kazakhstan. Space and Culture, 6(5), 156-165.
Gomez, E., Rani, D.A., Cheeseman, C.R., Deegan, D., Wise, M., Boccaccini, A.R. (2009). Thermal plasma technology for the management of wastes: A critical review, Journal of Hazardous Materials, 161(2-3), 614-626.
Ismagilova, G.V., Kelchevskaya, N.R., Magaril, E.R. (2012). Upravlenie otkhodami proizvodstva na innovatsionnoi osnove [Management of industrial waste on an innovative basis]. Vestnik UrFU, 4, 101-112.
Kasimova, D.M. (2015). Osobennosti investitsionnoi deyatelnosti kak obekta nalogovogo regulirovaniya [Features of investment activity as an object of tax regulation]. Evraziiskii yuridicheskii zhurnal, 8(87), 207–208.
Komitet po prirodopolzovaniyu, GUPP «Poligon «Krasnyi Bor» i NEFKO podpisali memorandum o vzaimoponimanii. [The Committee on Environmental Management, State Unitary Enterprise "Krasny Bor Landfill" and NEFCO signed a memorandum of understanding] 12.03.2018. URL: http://ecopeterburg.ru/.
Kutsuri, G.N., Levchenko, E.A., Azhmuratova, M.A., Sanginova, L.D., Bagratuni, K.Yu., Terekhova, T.B. (2019). Economic Risks of Enterprise Innovation and Investment Project Life Cycle. International Journal of Engineering and Advanced Technology (IJEAT), 8(5), 2243-2250.
Lazaryan, S.S., Chernotalova M.A. (2017). Vliyanie nalogovoi politiki na uroven investitsii chastnogo sektora [The impact of tax policy on the level of private sector investment]. Finansovyi zhurnal, 3, 71-84.
Method of Calculation in the Member States of the Financial Guarantee and Equivalent Insurance pursuant to Art. 6 of Regulation (EC) No 1013/2006 on shipments of waste. A Compilation Document. September 2016. URL: https://ec.europa.eu/environment/waste/shipments/pdf/Calculation%20of%
20financial%20guarantee.pdf.
Mustafayeva, B., Kaltayeva, S., Saparova, A., Alimkulova, E., Kulbayeva, M. (2019). The Impact of Agricultural Environmental Pollutions on the Population’s Quality of Life. The Experience of Kazakhstan. Journal of Environmental Management and Tourism, 10(1), 161-170.
Official site NEFCO. URL: https://www.nefco.org/.
Pinkovetskaia, I.S. (2019). Indicadores económicos de la actividad de las pequeñas y medianas empresas en Rusia. Revista Científica del Amazonas. Vol. 2. Núm. 4, 2019, 5-17.
Popelysheva, Yu.S., Kostina, L.S. (2017). Nalogovoe stimulirovanie investitsii v realnyi sektor ekonomiki [Tax incentives for investment in the real sector of the economy] Internet-zhurnal «NAUKOVEDENIE», 9(5). URL: https://naukovedenie.ru/PDF/04EVN517.pdf.
Puna, J.F., Santos, M.T. (2010). Thermal Conversion Technologies for Solid Wastes: A New Way to Produce Sustainable Energy. Waste Management, pp. 89-124.
Savina, O.N. (2015). Deistvuyushchie instrumenty stimulirovaniya investitsi- onnykh protsessov v sovremennykh ekonomicheskikh usloviyakh i predlozheniya po ikh sovershenstvovaniyu [Current tools to stimulate investment processes in modern economic conditions and suggestions for their improvement]. Finansovaya analitika: problemy i resheniya, 6 (240), 43-57.
Semenova, N.N., Arapova, O.A. (2017). Nalogovoe stimulirovanie investitsionnykh protsessov v Rossii: deistvuyushchaya praktika i perspektivy razvitiya [Tax incentives for investment processes in Russia: current practice and development prospects]. Finansovaya analitika: problemy i resheniya, 10(5), 550–562.
Singh, J., Laurenti, R., Sinha, R., Frostell, B. (2014). Progress and challenges to the global waste management system. Waste Management & Research, 32(9), 800–812.
Tuktarov, Yu.E. et al. (2018). Privlechenie investitsionnogo kapitala v otrasl po obrashcheniyu s TKO [Attracting investment capital to the MSW management industry]. Tverdye bytovye otkhody, 3, 6-10.
Vaisman, Ya.I., Pugin, K.G. (2015). Retrospektivnyi analiz i perspektivy razvitiya sistem upravleniya obrashcheniem s otkhodami proizvodstva [A retrospective analysis and development prospects of production waste management systems]. Vestnik MGSU, 2, 70–84.
Wilson, D.C., Parker, D., Cox, J. (2012). Business waste prevention: A review of the evidence. Waste Management & Research, 30. 17–28.
Wong, K.P. (2009). Progressive taxation, tax exemption, and corporate liquidation policy. Economic Modelling, 26(2), 295-299.
Zee, H.H., Stotsky, J.G., Ley, E. (2002). Tax Incentives for Business Investment: A Primer for Policy Makers in Developing Countries. World Development, 30(9), 1497-1516.
Published
2019-10-11
How to Cite
Osokina, I., Afanasyev, I., Kurbanov, S., Lustina, T., & Stepanova, D. (2019). Tax regulation and attraction of investments in the waste management industry: innovations and technologies. Amazonia Investiga, 8(23), 369-378. Retrieved from https://www.amazoniainvestiga.info/index.php/amazonia/article/view/880
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