THE NEED AND POSSIBILITY OF REFORMING THE RUSSIAN TAXATION SYSTEM
Tengiz Sh. Tinikashvili1,2, Boris A. Fedosimov3
1North Ossetian State University, Vladikavkaz, Russian Federation
2Financial University under the Government of the Russian Federation, Moscow, Russian Federation
3Academy of Labor and Social Relations, Moscow, Russian Federation
Keywords: taxation system, tax burden on the economy, tax burden on business, reform, modernization, digitalization
Abstract
The efficiency of the taxation system largely influences the economic development of any state. This article examines the problem of reforming the modern taxation system in the Russian Federation in view of the problems and shortcomings it has. The authors, based on an analysis of statistical data and materials from consulting agencies, has established that the tax burden on the economy in the Russian Federation exceeds the world average, as well as the indicators of most of the closest economic partner countries that are members of the Eurasian Economic Union. In addition, the modern taxation system in the Russian Federation imposes a significant tax burden on business, which hinders its progressive development in the medium and long term. Also, the modernization of the Russian taxation system is also necessary due to the construction of a digital economy, which requires automation of tax withholdings and effective control over tax accruals. It is concluded that the current Russian taxation system requires its optimization by reducing individual taxes and introducing a single tax on turnover and consumption, which will reduce individual taxes and replace them with a single tax that could be effectively used as part of the development of the digital economy.
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