Territories with preferential tax treatment: advantages and disadvantages, analysis of development trends in Russia

The country’s economic development is accompanied by a constant need for investment capital. The search for investments can be complicated by the excessively heavy tax burden in the country, which impedes the activities of the investor. The inflow of both private investment by residents and foreign investment is hindered by an increase in investor costs and a decrease in profitability and the likely payback period of investments. One of the effective ways to stimulate investment activity is the creation of special economic zones or preferential zones, that is, territories with a preferential tax treatment. The work contains an analysis of the essence of preferential zones. The study provides a definition of the concept of a territory with a preferential tax treatment, identifies the goals and objectives of creating preferential zones, as well as their types. Organized industrial territories are considered in more detail: special economic zones, territories of advanced socio-economic development and industrial parks. The advantages of these territories, trends and problems of their development are analyzed.