Investment tax incentives in Russia: legislative regulation

Introduction: tax incentives are an important part of the modern tax system. Despite many years of discussion on the extent to which investment-oriented tax incentives are needed, no clear answer has yet been provided. An important feature of the Russian Federation is the variety and complexity of tax incentives design, which can reduce transparency, as well as prevent a clear understanding of impact mechanism and become a threat to the tax security of the state. This emphasizes the importance and relevance of a detailed analysis into the investment tax incentives design.