Reducing the Drop of Budget Revenues as a Factor of Sustainable Development of the Region

DOI

10.2991/cssdre-18.2018.41How to use a DOI?

Keywords

budgetary system, tax revenues, tax preferences, corporate income tax, falling budget revenues, consolidated group of taxpayers

Abstract

The formation of all level budgets is provided to a greater extent by tax revenues of which the justified distribution is the effective functioning basis of the budget system. The Russian model of tax revenue distribution has the following features: First is delineation of powers to the taxes collection and fixing them for certain taxes. Second is the normative division between budgets of different levels of income from specific types of taxes levied at uniform rates throughout the territory. Third is joint use of the tax base. Thus, the current mechanism for generating revenues of Regional and local budgets directly depends on the decisions made by the higher budget level, since their volume depends on the size of types of taxes transferred and the allocations norms to the respective budgets. The analysis of tax revenues has made it possible to identify the problems of Regional budgets formation. Thus, the joint use of corporate profit tax bases and the ability of federal center to influence the change in such an element as the tax rates has had a significant impact on regional budgets’ revenues. In addition, the functioning of consolidated groups of taxpayers in calculating the corporate income tax resulted in significant losses in regional budgets’ revenues. All the above facts, as well as the provision of other preferences for taxpayers, form budget losses in the falling income form. The study which has been made gives us a possibility to formulate concrete proposals for reducing such falling revenues of regional budgets, in particular, by improving the budget and tax legislation.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Natalia Valeryevna Gorshkova
AU  - Alexander Dorzdeev
AU  - Victoria Ksenda
PY  - 2018/05
DA  - 2018/05
TI  - Reducing the Drop of Budget Revenues as a Factor of Sustainable Development of the Region
BT  - Proceedings of the International Scientific Conference "Competitive, Sustainable and Secure Development of the Regional Economy: Response to Global Challenges" (CSSDRE 2018)
PB  - Atlantis Press
SP  - 188
EP  - 193
SN  - 2352-5428
UR  - https://doi.org/10.2991/cssdre-18.2018.41
DO  - 10.2991/cssdre-18.2018.41
ID  - Gorshkova2018/05
ER  -