Challenges to reforming Russia's tax system

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dc.contributor Bank of Finland
dc.contributor Suomen Pankki
dc.contributor.author Popova, Tatiana
dc.contributor.author Tekoniemi, Merja
dc.date.accessioned 2014-10-17T11:27:05Z
dc.date.available 2014-10-17T11:27:05Z
dc.date.issued 1998
dc.identifier.uri https://helda.helsinki.fi/bof/handle/123456789/12938
dc.description Uudelleenjulkaistu pdf-muodossa 2002 (Idäntalouksien yksikön sarja)
dc.description Reprint in PDF format 2002 (Unit for Eastern European Economies series)
dc.description.abstract Tax revenues constitute the main source of public sector funding for most countries.Russia's complex and ineffective tax system has hindered its economy and led to significant decrease in tax revenues.The new Tax Code approved in summer 1997 in the first reading of the Russian Duma was designed to remedy many of the problems with the current tax system.Its main objectives were to ensure simplification of the tax system, restoration of tax discipline, stimulation of production and protection of adequate tax revenues.Subsequently, there has been much discussion as to whether these objectives can be achieved by the proposed Tax Code draft, and thousands of amendments have been proposed.The discussion has centered around income and enterprise taxation, i.e areas where Russian practice differs considerably from other countries.Traditionally, income taxation in Russia has been a minor contributor to state revenues, while enterprise taxation has been a considerable contributor.According to the hypothetical calculations of the Tax Code Tax draft, federal and regional tax revenues as a share of GDP will decline, while revenues from extrabudgetary funds will increase.The aggregate tax burden should decrease from approximately 35.1% to 32.4% of GDP.These estimates are based on the assumption that GDP starts to grow and tax discipline is better enforced.This is the core of the tax reform and a key element in the success of Russia's economic reform as a whole. Keywords: Russia, taxation
dc.format.extent 13-30
dc.language.iso eng
dc.language.iso fin
dc.language.iso eng
dc.relation.ispartofseries IDÄNTALOUKSIEN KATSAUKSIA. REVIEW OF ECONOMIES IN TRANSITION
dc.subject verotus
dc.subject Venäjä
dc.subject SP
dc.subject Bofit-kokoelma
dc.title Challenges to reforming Russia's tax system
dc.type Artikkeli
dc.identifier.urn URN:NBN:fi:bof-201408113022
dc.series.name IDÄNTALOUKSIEN KATSAUKSIA. REVIEW OF ECONOMIES IN TRANSITION
dc.series.year 1998
dc.series.number 1/1998
dc.series.sortingnumber 1
dc.date.publication 23.1.1998
dc.contributor.orgunit Institute for Economies in Transition (BOFIT)
dc.contributor.orgunit Siirtymätalouksien tutkimuslaitos (BOFIT)

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