Economic Development and Attracting Fdi: Tax Incentives in Case of Uzbekistan

In this paper we tried to define existing problems on attracting foreign direct investments to developing economies and their effect to local industries. We analyzed advantages and disadvantages of tax exemptions, presenting to foreign investors. Moreover, we studied the current situation of tax stimulating foreign investors in the economy of Uzbekistan and developed some practical recommendations aimed at eliminating negative consequences of assigning tax incentives.