TAX REGULATION MECHANISM FOR PETROCHEMICAL INDUSTRY COMPANIES INNOVATION DEVELOPMENT
DOI:
https://doi.org/10.32461/2226-3209.3.2018.171906Keywords:
oil production, taxes, investments, innovations, education, competition, profitability, oil companies.Abstract
Abstract. This paper considers the problems of taxation and the dynamics of development of investment
activities of oil companies in the Russian economy. The issues of petrochemical industry taxation, restoration of mineral reserves, evaluation of Russian oil production optimum size as well as the upward rise in petroleum product prices remain to be the most pressing and debating points. The study consists of several stages and is based on data published on the official websites of companies Gazpromneft, Lukoil, Tatneft, Rosneft, Surgutneftegaz. Within the scope of the given study the authors carried out a factorial analysis of the company "TATNEFT" investment activities. The amount of investments into petrochemical vector of the company’s development was taken in the quality of the resultant indicator. Several factors including taxation, net profit, a company’s expenses connected with product manufacture and realization, long-term obligations size and others were considered as variables. These data were reported within the period of 2004-2016
Keywords: oil production, taxes, investments, innovations, education, competition, profitability, oil
companies.
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