APEL

Abstract

Objective to identify the impact of tax incentives on enhancing the investmentsavings potential of the finance of the Russians in the pension sphere. Methods in this work a systematic approach was applied to the consideration of the financial and tax factors processing and synthesis of information using statistical graphical and analytical analysis methods. Results basing on the analysis of the current pension system the major participants of pension relations are identified as well as their financial relations in the nonstate pension provision system when forming the investmentsavings potential of the finance of the population. The provisions of the tax legislation are analyzed as well as the statistical information on the basis of which the effect of quottax shieldquot is calculated using the investmentsavings potential of the finance of the population in the structure of the nonstate pension provision system. The options for broadening the investmentsavings potential of finance of the population by creating tax incentives are considered. Scientific novelty in the work for the first time the possibility is considered of using tax incentives to increase investment and savings capacity of the population to finance the pension system. Also the need is identified and justified to increase the quottax shieldquot used in the formation of the pension capital of citizens in the nonstate pension provision system which extending the limits of tax incentives will increase the pension capital of the population. Practical significance the main provisions and conclusions of the article can be used in the justification and implementation of directions of the Russian pension system improvement as well as its tax legislation. nbsp

Keywords

• Finance and credit