MAIN DIRECTIONS OF TAX POLICY OF THE RUSSIAN FEDERATION IN THE CONTEXT OF REDUCING THE FINANCIAL RISKS OF THE STATE

UDC 338.23
DOI: 10.36871/ek.up.p.r.2023.11.01.018

Authors

Musa Sh. Basnukaev,
FSBEI HE “Chechen State University named after A.A. Kadyrov,” Grozny, Russia; FSBUN “Integrated Research Institute named after H.I. Ibragimov RAS,” Grozny, Russia
Fatima V. Dzodzikova,
North-Ossetian state University named after K.L. Khetagurov, Vladikavkaz, Russia
Lyubov A. Manukhina,
Moscow State University of Civil Engineering (National Research University), Moscow, Russia

Abstract

The deterioration of economic conditions in recent years requires the leadership of the Russian Federation to take additional measures to support business entities and the population in order to prevent or reduce emerging disruptions, imbalances, and the deepening of socio-economic problems. Mechanisms to contain economic and financial risks have been launched through all channels of government policy, in particular, by adjusting the tax regulation mechanism and giving it a more pronounced stimulating nature. The article discusses the main tax incentive instruments proposed to be introduced as part of the current tax policy. An assessment of their positive and negative effects, possible consequences and effectiveness in relation to goal setting is given. The study shows that the current tax policy in the Russian Federation, as well as the current tax system, despite the stated goals of stimulating and supporting domestic businesses and citizens, are still largely fiscal in nature, with weak expression of social justice and economic feasibility.

Keywords

tax policy, tax system, tax mechanism, tax benefits, stimulation of economic growth, fiscal effect.