One of principles of these encouraging measures is application of tax concessions. According to her, these measures have already had positive impact on some spheres such as agriculture, dividends on securities, interest incomes on bank savings, tax exemption for profit directed to capitalization in banking, insurance and reinsurance sector.
Hasanova noted that approach to the tax concessions policy by international organizations by is that tax concessions causes narrowing of tax base without seriously affecting the investment level. WB and IMF always require or recommend to annul concessions. However, experts accept that tax encouragement attracting investments in new technologies, as well as applied research influences investment attraction positively. This makes experts to pay attention to correctly selection and correctly application of concessions.
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