Economics and management of national economy

Assessment of the fiscal effect of the tax reform options until 2019: the case of Russia

Economic Annals-XXI

Economic Annals-ХХI: Volume 164, Issue 3-4, Pages: 45-48

Citation information:
Sidorova, E., & Tikhonova, A. (2017). Assessment of the fiscal effect of the tax reform options until 2019: the case of Russia. Economic Annals-XXI, 164(3-4), 45-48. doi: https://doi.org/10.21003/ea.V164-10

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Elena Sidorova
D.Sc. (Economics),
Associate Professor,
Professor of the Department of Tax Policy and Customs Tariff Regulation,
Financial University under the Government of the Russian Federation
49 Leningradsky Ave., Moscow 125993, Russian Federation
EYUSidorova@fa.ru
ODCID ID: http://orcid.org/0000-0002-4385-7173

Anna Tikhonova
PhD (Economics),
Associate Professor of the Department of Tax Policy and Customs Tariff Regulation,
Financial University under the Government of the Russian Federation
49 Leningradsky Ave., Moscow 125993, Russian Federation
AVTihonova@fa.ru
ODCID ID: http://orcid.org/0000-0001-8295-8113

Assessment of the fiscal effect of the tax reform options until 2019: the case of Russia

Abstract. The upcoming period is marked for Russian tax system with crucial reforms and restructuring. By 2019, the national tax reform of value added tax (VAT) and insurance premiums is expected to be completed. Three options of the proposed changes in tax rates will be considered in this article, as well as possible fiscal consequences for the national economy will be calculated. The purpose of the article is to assess fiscal effect of the three options for tax reform conducted until 2019. Computational-analytical method was used as the main one. Possible fiscal consequences for the national economy were calculated on the basis of three options of the proposed changes in tax rates. The study was conducted on the example of four taxes: value added tax, corporate income tax, personal income tax, and insurance premiums. Based on the calculations, the possible consequences of changes in tax rates are determined taking into account possible changes in consumer behaviour, systems approach to the investigation of the tax system, and the appearance of the feedback loop effect.

Keywords: Tax Reform; Tax; Value Added Tax; Corporate Income Tax; Personal Income Tax; Insurance Premiums; System Approach; Consumer Behavior; Feedback Loop Effect; Russian Fiscal Policy

JEL Сlassіfіcatіon: E62; H20; H21

DOI: https://doi.org/10.21003/ea.V164-10

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Received 5.04.2017

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