Assessment of the impact of the production efficiency level on the tax burden of the enterprise

The paper presents evaluation of the influence of the level of industrial enterprises' activity efficiency and implementation of investment technological project on the tax burden of the company in the current tax system. It is emphasized that with increase in the enterprise's production efficiency on the whole or when implementing a new technological process there occurs a considerable increase of the tax burden on businesses. Analysis of the tax system impact on the efficiency of innovations encouraged the author to define possible directions of its changes.