Such suggestion was made at the conference «Murmansk region – Development vectors». «In view of the specifics of the Arctic region we have done a proposal to the Government of the Russian Federation to amend legislation concerning measures of tax regulations aimed at increasing of competitiveness of the enterprises operating in the Russian Arctic», – said M. Kovtun. It concerns arrangement of the reduced rates and optimization of the tax base for income tax according to northern features; implementation of the reduced rates on the property tax on the extraction of commercial minerals and water tax; application of the reduced rates on the property tax concerning innovative fixed assets; cutback of the insurance contributions to workers premiums.