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Tax and foreign exchange factors of inequality (To posing a problem)

Author

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  • A. S. Tanasova
  • E. Y. Sokolova
  • I. G. Shandra
  • A. V. Chigireva

Abstract

The high level of income inequality of the population is a long-term problem in the world. The pandemic of 2020 and the growth of geopolitical tensions in 2022 increase the urgency of finding its solution. Inequality is a multifaceted phenomenon determined by various factors — from differences in the structure of economies to the specifics of the mentality and traditions of a particular state. As a result, there are no unified approaches to reducing inequality. This article analyzes the relationship of income inequality in Russia with the parametersof fiscal policy and the ruble exchange rate at different stages of economic development. It is shown that in certain periods taxes are connected differentlywith income inequality of the population in Russia. The important role of social spending in its reducing is shown; such dependence may be explained by the ruble exchange rate and its linkages with the budget policy. The article is setting stage for further analysis of the problem.

Suggested Citation

  • A. S. Tanasova & E. Y. Sokolova & I. G. Shandra & A. V. Chigireva, 2023. "Tax and foreign exchange factors of inequality (To posing a problem)," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 1.
    • Handle: RePEc:nos:voprec:y:2023:id:4273
    DOI: 10.32609/0042-8736-2023-1-146-159
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