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International Experience in Taxation of Business Personal Property

Author

Listed:
  • Andrey V. Korytin

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow 119571, Russia)

  • Tatiana A. Malinina

    (Gaidar Institute for Economic Policy, Moscow 125009, Russia)

Abstract

Various and ambiguous changes in business personal property taxation in Russia in 2013–2018 demonstrate the relevance of a careful analysis of this problem, including the international experience context. The article considers business property tax characteristics in the OECD and BRICS by means of the comprehensive tax law analysis with regard to these countries. The authors emphasise the experience of the countries, which treat (or treated earlier) elements of the personal property taxation. In these cases the authors consider tax design in detail and establish that only in Russia, Japan and the US personal property tax is widely treated. Furthermore, there is a global trend towards taxation of the only real property. Thus the planned business personal property tax abandonment in Russia is not just a tax exemption, it is a transition to the generally accepted and reasonable tax standard.

Suggested Citation

  • Andrey V. Korytin & Tatiana A. Malinina, 2019. "International Experience in Taxation of Business Personal Property," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 2, pages 22-36, April.
    • Handle: RePEc:fru:finjrn:190202:p:22-36
    DOI: 10.31107/2075-1990-2019-2-22-36
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    References listed on IDEAS

    as
    1. Simon Loretz, 2008. "Corporate taxation in the OECD in a wider context," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 24(4), pages 639-660, winter.
    2. Marco Salm, 2017. "Property Tax in BRICS Megacities," Contributions to Economics, Springer, number 978-3-319-62671-0, December.
    3. George R. Zodrow, 2019. "The Property Tax as a Capital Tax: A Room with Three Views," World Scientific Book Chapters, in: George R Zodrow (ed.), TAXATION IN THEORY AND PRACTICE Selected Essays of George R. Zodrow, chapter 15, pages 461-487, World Scientific Publishing Co. Pte. Ltd..
    4. Zodrow, George R., 2001. "The Property Tax as a Capital Tax: A Room with Three Views," National Tax Journal, National Tax Association, vol. 54(n. 1), pages 139-56, March.
    5. Marco Salm, 2017. "Theoretical Insight on the Property Tax," Contributions to Economics, in: Property Tax in BRICS Megacities, chapter 0, pages 13-40, Springer.
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    More about this item

    Keywords

    business property tax; fixed assets; personal property taxation; real property taxation;
    All these keywords.

    JEL classification:

    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies

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