Abstract: The article is devoted to the ecological aspect of the modern tax policy of the Russian Federation. The subject of this research is the instruments of state fiscal regulation aimed at encouraging companies to reduce their negative impact on the environment. The purpose of the study is to identify the possibilities of tax incentives for the greening of the economy and to develop recommendations for the further development of such tax instruments. The author analyzes elements of environmental taxation in Russian legislation and concludes that green transformation of business processes requires additional tax incentives. The research is based on general scientific methods of cognition, such as system and situational analysis, generalization, synthesis, logical and descriptive methods. The results of this research are the proposed tax measures to influence financial and economic activities of companies aimed at solving several key environmental issues. Free depreciation of best available technologies equipment will be an additional incentive to its implementation and will reduce the negative impact of production processes. Reduced VAT rate on goods made of recycled materials will lead to an increase in demand, popularization of such products and movement towards a circular economy. Preferential taxation of income from green bonds will contribute to the growth of investment attractiveness of environmental projects. Abolition of VAT restoring for food donations will reduce the cost of food sharing and the amount of food waste. Encouraging electronic document management through accelerated deduction of costs will conserve natural resources and minimize environmental damage. The evaluation of the proposed solutions showed their effectiveness and sources of compensation for the budgets of the budgetary system of the Russian Federation. They include growing tax base due to positive economic effects, the development of tax administration, environmental payments and carbon regulation, as well as a reduction in the required amount of government spending on several social items.

Abstract: The subject of this research is the rules of corporate income taxation foreign countries existing in foreign countries, the experience of implementation of which is valuable for further development of the Russian legislation. The current state of tax systems is viewed from the perspective of implementation of the baisc tax functions: fiscal and regulatory. The importance of corporate profit taxation in formation of the income base of the budgets of the budgetary system of the Russian Federation justifies special attention to the existing mechanisms for distinguishing tax revenues between budgets of bot different levels and same level. In the context of state regulation of the economy, analysis is conducted on the tax incentive instruments and preferential tax conditions intended for stimulating innovative activity of the companies. The scientific novelty lies in summarizing the experience of foreign countries in corporate income taxation, determining the leading  practices, and formulating recommendations for their implementation in Russia. The conducted research reveals the trends in reforming tax legislation of the developed countries aimed at stimulation of entrepreneurial activity. Sustained reduction in corporate income tax rates, shift away from progressive scale, and implementation of new tax incentives contribute to lowering of fiscal burden on businesses and create favorable conditions for the economic development. The author develops recommendations for the improvement of corporate profit taxation in the Russian Federation:
1) For increasing the validity of division of tax revenues between regional budgets, it is suggested to change the procedure for calculating the tax payable by separate banks units. In calculation of the share of taxable profit for each bank unit, it is recommended to take into account labor costs, amount of loans issued and deposits raised.
2) The comparative analysis of the Russian and foreign experience of tax incentives demonstrated the shortage of instruments intended for commercialization of innovations in the Russian Federation, which substantiates the need for implementation of preferential taxation of income from use of the objects of intellectual property.