Best practices for providing tax benefits for investments

The article deals with the issues of granting investment-oriented tax incentives in foreign countries. The purpose of the study is to identify the best practices for providing investment-oriented tax incentives and to develop recommendations on the possibility of their use in Russia. The article outlines the main characteristics of investment incentives, such as: purpose, eligibility criteria, level of discretion, etc. The principles that are the starting point in international efforts to promote the transparent and consistent management of tax incentives are described. Vertical investment tax incentives used in the real sector of the economy in various countries are considered. The development trends of tax incentives in such countries as: Canada, Portugal are described. As a result of the study, it was concluded that in order to ensure the financial transparency of tax expenditures, it is necessary to fulfill a number of conditions, including the assessment of each tax expenditure in the framework of a balanced budget scenario.