Tax privileges for small and medium businesses

The legislation of most developed countries, small and medium businesses identified as a special subject of state regulation. At the same time, state policy is based on the principle of creating favorable conditions for the development of small and medium-sized businesses, especially in those areas of activity that provide the maximum socio-economic effect. In order to implement such a policy, the creation of special tax incentives, preferences and exemptions is envisaged. However, in Russia the number of tax breaks for business entities is insignificant, which does not contribute to the development of the small and medium business sector.