Financing of infrastructure projects by means of tax increment

The article discusses the experience of foreign countries on the implementation of major investment projects associated with the development of local infrastructure by means of the Tax Increment Financing (TIF). Increase in tax revenues comes out from broadening of the tax base rather than the tax burden growth. The author considers the differences in the approaches to the application of this mechanism in Russia and abroad. The complexity of adaptation of the TIF mechanism in Russian conditions is discussed. It is concluded, that the TIF mechanisms can be applied in the Russian Federation for development of investment activity when creating research and development areas.