Formation of the mechanism of development of joint investment institutions and venture business in Ukraine

Abstract

Creation of appropriate conditions for activities of investment funds will make it possible for Ukraine to have an effective mechanism represented by such funds to develop the market of securities, which play a significant role in intersectoral redistribution of capital, enhance the stock market stability, stimulate both the domestic and foreign investments, promote expansion of the governmental opportunities as for domestic borrowings. A positive role of the joint investment institutions in macroeconomic terms is confirmed by the preferential nature of taxation of investment funds, which is peculiar to the national law of overwhelming majority of countries.