Methodology of Planning Tax Expenses

Margarita Fridrihovna Safonova, Irina Nikolaevna Kalinina, Nadezhda Konstantinovna Vasilieva, Yuriy Iosifovich Bershitskiy and Tatiana Ivanovna Kiselevich
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Margarita Fridrihovna Safonova: Kuban State Agrarian University, Kalinina Street, 13, Krasnodar, 350044, Russia,
Irina Nikolaevna Kalinina: Kuban State Agrarian University, Kalinina Street, 13, Krasnodar, 350044, Russia
Nadezhda Konstantinovna Vasilieva: Kuban State Agrarian University, Kalinina Street, 13, Krasnodar, 350044, Russia,
Yuriy Iosifovich Bershitskiy: Kuban State Agrarian University, Kalinina Street, 13, Krasnodar, 350044, Russia
Tatiana Ivanovna Kiselevich: Sochi State University, 26-?, Sovetskaya Street, Sochi, Krasnodar Krai, 354000, Russia.

International Journal of Economics and Financial Issues, 2016, vol. 6, issue 4, 1550-1559

Abstract: The article considers the issue related to the necessity to create a unified approach to planning tax expenses of the organization. Ways to minimize taxation burden are analyzed, and variants to plan tax expenses are systemized. Taking into account the increasing social responsibility of economic entities under conditions of the economic crisis, it was required to transform the goal of the taxation strategy of organizations to the model of tax expenses optimization. The approach to planning tax expenses developed by the authors is based not on the model of the tax minimization but on the shift of emphasis of tax expenses optimization that allows economic entities to more efficiently use financial resources taking into account the current legislation, as well as to achieve long-term goals of the business development strategy. In the work this task is solved by expanding the essential area of defining tax expenses planning. Theoretical importance of the article is in the fact that the research of tax expenses is based on theoretical basics of micro-economy, as well as considerable provisions of the current Russian legislation

Keywords: Tax Expenses; Taxation Planning; Taxation Burden; Efficiency of Taxation Strategy; Internal Control (search for similar items in EconPapers)
JEL-codes: H20 H21 H30 (search for similar items in EconPapers)
Date: 2016
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2016-04-35

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