Comparative analysis of tax measures, influencing innovative financing in the regions financing in the regions

The relevance of this study is due to the need to adapt the tax system of Russia to modern challenges associated with import substitution, political instability and Western sanctions, especially in the context of stimulating innovation activity. This article is an in-depth analysis of the impact of tax preferences on the development of innovation activity in Russia. The author has studied tax incentives used in international practice in order to compare them with Russian approaches to financing innovation activities. Particular attention is paid to the analysis of tax incentives aimed at supporting manufacturing enterprises and organizations engaged in innovation activities. The article considers corporate profit tax, property tax and VAT as the key instruments to stimulate investment activity. It also gives examples of tax incentives in the Russian Federation, including the possibility of applying the investment deduction in 2023 for research and development expenses. The article focuses on the analysis of special economic zones in Russia, which are a key element of the government’s strategy to attract investment in the innovation sector. Such areas are created to stimulate economic development and technological innovation by providing companies engaged in innovative activities with a number of tax benefits and advantages. The author analyzes how these measures affect the attraction of domestic and foreign investment in high-tech industries and the development of innovation infrastructure in the regions The presented article is a significant contribution to the study of the effectiveness of tax incentives in the innovation sphere and can serve as a guide for the formation of public policy in this area.