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Tax Policy of Russia under the Crisis Conditions

Author

Listed:
  • Lykova, L.

    (Institute of Economics, Russian Academy of Sciences, Moscow, Russia
    Financial University under the Government of the Russian Federation, Moscow, Russia)

Abstract

The use of fiscal instruments in the process of anti-crisis regulation means a choice between increasing the level of taxation to ensure budget revenues and its decrease to support the economic activity of businesses. Using the implicit tax rates (ITR) it is shown that since 2009 the levels of taxation of income from capital and consumption were steadily declined as a result of tax measures. The level of small business taxation shrank only because of the inflationary decrease the value of the tax payments. The tax maneuver measures under the falling oil prices led to some growth of the profit tax receipts that does not compensate the total losses of the budget system.

Suggested Citation

  • Lykova, L., 2016. "Tax Policy of Russia under the Crisis Conditions," Journal of the New Economic Association, New Economic Association, vol. 29(1), pages 186-192.
    • Handle: RePEc:nea:journl:y:2016:i:29:p:186-192
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    File URL: http://www.econorus.org/repec/journl/2016-29-186-192r.pdf
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    References listed on IDEAS

    as
    1. European Commission, 2014. "Tax reforms in EU Member States - 2014 Report," Taxation Papers 48, Directorate General Taxation and Customs Union, European Commission.
    2. Merrill, Peter R., 2010. "Corporate Tax Policy for the 21st Century," National Tax Journal, National Tax Association;National Tax Journal, vol. 63(4), pages 623-633, December.
    3. David Carey & Harry Tchilinguirian, 2000. "Average Effective Tax Rates on Capital, Labour and Consumption," OECD Economics Department Working Papers 258, OECD Publishing.
    4. Mendoza, Enrique G. & Razin, Assaf & Tesar, Linda L., 1994. "Effective tax rates in macroeconomics: Cross-country estimates of tax rates on factor incomes and consumption," Journal of Monetary Economics, Elsevier, vol. 34(3), pages 297-323, December.
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    Cited by:

    1. M. Yu. Golovnin, 2022. "Institute of Economics, Russian Academy of Sciences: Its Leadership Mission in Fundamental Economic Science," Studies on Russian Economic Development, Springer, vol. 33(5), pages 513-518, October.

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    More about this item

    Keywords

    tax policy; implicit tax rates; tax maneuver; taxation of consumption; small business taxation;
    All these keywords.

    JEL classification:

    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • H27 - Public Economics - - Taxation, Subsidies, and Revenue - - - Other Sources of Revenue
    • H30 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - General

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