Красноярский край: вопросы регионального развития. Практикум профессионально ориентированного письменного перевода и перевода с листа.The Krasnoyarsk Krai: the Issues of Regional Development

The investment tax credit is such a change of term of tax payment, with which the opportunity during the certain term and in the certain limits is given to legal persons to reduce the tax payments, subject to be transferred into the regional budget, with subsequent gradual payment of the sum of the credit and charged interests. The investment tax credit can be given at the level of regional taxes, and also under tax for organizations’ profit into the regional budget. The investment tax credit under the regional taxes can be given for the term from one year to seven years. The rate of interest for use the investment tax credit under regional taxes is established at a rate from 1/10 up to 1 from the rate of refinancing of the Bank of Russia. The investment tax credit under the regional taxes is given at a rate of not more than 50 percent of expenses on realization of the investment project.

The preferential rent for the use of property is established for legal persons, carrying out investment projects and renting state property of the Krasnoyarsk Krai, for the term of not more than five years, but not more than the term of compensation of the project, at a rate of 50 percent of the established size of a rent payment.

The subsides for compensation of a part of expenses on interest payment for using the credits received by the subjects of investment activity at the Russian credit organizations, and also on rent payment for property, got by the rent contracts for realization of the investment projects, represent partial compensation for the expenditures.

The order of registration of investment projects, estimation of efficiency of a capital investment, selection of the investment projects for compensation of expenses subsidies, expenditures of means of the regional budget are established by the Board of the Krasnoyarsk Krai administration Act dated from 23.03.05 № 91-p “On state support of investment activity”.

Source: http://www.krskstate.ru

Vocabulary list

tax climate – налоговый климат

budget levels – уровни бюджетных ассигнований

taxation – налогообложение

the Tax Code – налоговый кодекс

local taxes – местные налоги

federal taxes – федеральные налоги

tax payers – налогоплательщики

land tax – земельный налог

property tax – налог на собственность

local self-governing authorities – местные органы самоуправления

tax on profit – налог на прибыль

tax rate – ставка налогообложения

tax privileges,

tax benefits – налоговые льготы

tax bearers – налогоплательщики

regional taxes – краевые налоги

state guarantees – государственные гарантии

investment tax credit – налоговая льгота на инвестиции

compensation subsides – дотации на компенсацию

interest payment – выплата процентов

investment projects – инвестиционные проекты

expenditures – расходы, затраты, издержки

capital investment – вложение капитала, инвестиции

Task 2. Identify and underline the keywords and expressions in the above text.

Task 3. Give the English translation equivalents of the following Russian words and expression from the above text.

Типы налогов, распределение налогов, муниципальное образование, субъекты Российской федерации, транспортный налог, лошадиная сила, объем двигателя, реактивный двигатель, государственная поддержка, прибыль организаций, юридическое лицо, налоговая выплата, ставка рефинансирования, аренда государственной собственности, реализация инвестиционного проекта, частичная компенсация расходов.

Task 4. Give the Russian translation equivalents of the following expressions with the keyword “tax”.

Direct tax, indirect tax, progressive tax, redistributive tax, regressive tax, council tax, poll tax, inheritance tax, wealth tax, sales tax, consumption tax, value added tax, capital transfer tax, investment tax, company tax, corporation tax, road tax, carbon tax, energy tax, fuel tax, petrol tax, excise tax, import tax, to introduce a tax, to collect taxes, to levy taxes, to deduct taxes, to increase taxes, to cut taxes, to abolish taxes, to avoid taxes, taxman, tax law, tax measure, tax reform, tax revenue, tax break, tax advantage, tax allowance, tax exemption, tax fraud, tax consultant, tax inspector, tax loophole.

Task 5. Translate the following mini-texts into Russian, using the words and expressions from the above text and Tasks 2–4 or a dictionary if necessary.