CONCEPTUALIZATION OF MODERN VIEWS ON THE CONCEPT “FISCAL SUPPORT OF BUSINESS”

Abstract

The scientific publication explores modern views on fiscal support for business. The place of state support in the process of implementing fiscal initiatives and levers of influence on business activities has been determined.Measures for implementing fiscal support for business have been substantiated based on the formed conceptual basis that defines the main dogmas and postulates of the formation of fiscal support for business. A comprehensive understanding of the definitions of "fiscal support for business" has been presented, which comes from three independent concepts ("fiscal stimulation", "fiscal policy", "fiscal regulation"). In the process of research, three conceptual bases for understanding the nature and forms of implementing financial business support has been identified: from the position of the state's fiscal policy, fiscal support for business involves the activity of the state aimed at determining the basic directions of fiscal support for business and sources of their financing; from the perspective of state fiscal regulation, fiscal support is defined as a system of measures of indirect state influence on business support through fiscal instruments and forms implemented within the framework of a defined fiscal policy and current regulatory and legal legislation; from the perspective of fiscal stimulation, fiscal support involves the procedure for the practical use of fiscal mechanisms, instruments, levers of business support and the assessment of the results of the implemented measures for specific economic entities and the country's economy as a whole. It has been proven that a comprehensive understanding of fiscal support for business involves its interpretation from the perspective of its economic nature and form of manifestation. The characteristics that are manifested in the process of transferring the main tasks of tax policy and fiscal regulation measures to the level of implementation in the activities of business entities through special fiscal stimulus measures have been summarized.