A REVIEW OF TAXATION REGULATORY DOCUMENTS ADOPTEDIN THE PERIOD AUGUST-SEPTEMBER 2014

Lyudmila Anisimova
Additional contact information
Lyudmila Anisimova: Gaidar Institute for Economic Policy

Russian Economic Development, 2014, issue 10, 44-48

Abstract: A widespread controversy raised in the period under review regarding measures of tackling the eff ects of economic sanctions on Russia. In our opinion, decision-making should be based on a comprehensive analysis of potential eff ects of measures proposed by the Russian Government and/or experts. In the period of August to September 2014, the draft budget for 2015 and the planning period of 2016–2017 was drafted on the basis of long-lasting disputes in the Russian Government on the possibility of introducing a sales tax at up to 3% and the delegation of the authority to introduce the tax to the regions, increase in the VAT rate, introduction of a progressive income tax scale1. Considering a possible recession, it was decided not to increase the tax burden of these taxes, which can lead to involuntary weakening of the effective demand. The projections to the draft budget included lifting of limits on the assessment base of contributions to the Federal Compulsory Medical Insurance Fund (FCMIF) (federal budget expenditures on transfers to public social funds were slightly reduced by increasing the burden on manufacturers’ costs on contributions to the FCMIF, thereby making it less scarce as part of the draft for 2015 and 2016–2017 submitted to the State Duma).

Keywords: Normative Documents; Taxation Issues (search for similar items in EconPapers)
JEL-codes: E62 E65 H21 H32 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.iep.ru/files/RePEc/gai/recdev/393Anisimova.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gai:recdev:393

Access Statistics for this article

Russian Economic Development is currently edited by Alexei Vedev

More articles in Russian Economic Development from Gaidar Institute for Economic Policy Contact information at EDIRC.
Bibliographic data for series maintained by Olga Beloborodova ( this e-mail address is bad, please contact ).