Improving Russia’s Tax System in 2024: Сross-country Comparisons and Regional Projection

Vladimir V. Klimanov () and Anna A. Mikhaylova ()
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Vladimir V. Klimanov: RANEPA, Moscow, Russian Federation; Institute for Public Finance Reform, Moscow, Russian Federation
Anna A. Mikhaylova: RANEPA, Moscow, Russian Federation; Institute for Public Finance Reform, Moscow, Russian Federation

Finansovyj žhurnal — Financial Journal, 2024, issue 5, 109-120

Abstract: The article discusses the additional adjustment of the tax system carried out in the Russian Federation in 2024, primarily in terms of changes in the rates of corporate income tax and personal income tax. Based on the analysis, a conclusion is made about the comparability of the levels of these taxes in Russia and in some countries of the Organization for Economic Cooperation and Development. It is shown that the centralization of additional revenues arising from the ongoing improvement of the tax system is more effective than the potential redistribution of these revenues to regional budgets due to the high concentration of corporate income tax and personal income tax in the wealthiest regions of Russia.

Keywords: tax policy; progressive taxation; personal income tax (search for similar items in EconPapers)
JEL-codes: H21 H71 H87 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:240507:p:109-120

DOI: 10.31107/2075-1990-2024-5-109-120

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