PROSPECTS OF TAX INCENTIVES FOR THE DEVELOPMENT OF RUSSIA’S ECONOMY

In the article, the authors present the results of a study aimed at evaluating options for local tax incentives for the Russian economy in the business sector as the basis of economic growth. The study analyzes the key parameters of the budget and tax system of the Russian Federation in order to form a set of indicators to characterize its potential in terms of the implementation of tax incentives. A detailed analysis of the dynamics of the tax burden on the economy of the Russian Federation, its main parameters is presented; the features of budget planning depending on the dynamics of oil and gas revenues, as well as measures to implement a large tax maneuver by 2024, are considered. Estimates of the current trend of the budget deficit, the high dependence of regional budgets on the subsidized redistribution of total budget revenues are presented. The period of data collection for analytical processing covers the main stages of adjusting elements of the tax system and budget mechanism in order to ensure the sustainability of the economy, and therefore, the results of the study are particularly relevant. The authors have developed measures of local impact on entrepreneurial activity based on tax benefits, in particular on corporate income tax; value added tax and property tax of legal entities. The information base of the study was: statistical data of Rosstat, analytical reports of the Ministry of Finance of the Russian Federation, the Accounts Chamber of the Russian Federation, the Central Bank of Russia, indicators calculated by the Federal Tax Service of the Russian Federation. The methodology of the study is based on analysis (according to the parameters of the fiscal system and on the basis of statistical data characterizing tax expenditures); inductive generalization (from particular results for the period 2015—2020 to the general situation of the implementation of the state’s fiscal policy).

fiscal policy of the state, fiscal and tax system, local tax incentives, fiscal burden, tax revenues of the state budget, oil and gas revenues, subsidies, tax incentives, corporate income tax, corporate property tax, value added tax

Koltsova A. A., Starobinskaya N. M., Iakovleva T. V. Prospects of tax incentives for the development of Russia’s economy. Business. Education. Law, 2023, no. 1, pp. 52—60. DOI: 10.25683/VOLBI.2023.62.517.