TAX BENEFITS FOR INDIVIDUAL TERRITORIES AS AN INSTRUMENT OF STATE TAX POLICY AND FEATURES OF THEIR APPLICATION FOR THE DEVELOPMENT OF THE ARCTIC ZONE
The article discusses the specifics of applying tax incentives for the development of certain territories, in particular the Arctic zone. Certain types of tax benefits are analyzed, including foreign practice of their application. It is concluded that the application of tax incentives to certain territories may pose some danger (due to overstating the competitiveness of territories, it is possible to turn them into an offshore company when companies have received the status of a resident, but actually operate outside the territory). However, if an adequate system of administration is provided, the system of tax preferences proposed by the state will contribute to the growth of business activity and capital concentration in the Arctic.