Tax Incentives in Russia and Other Countries: Critical Analysis

Yury M. Gorlin () and Victor Y. Lyashok ()
Additional contact information
Yury M. Gorlin: Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow 119571, Russia
Victor Y. Lyashok: Russian Presidential Academy of National Economy and Public Administration (RANEPA), Moscow 119571, Russia; National Research University Higher School of Economics (NRU HSE), Moscow 101000, Russia

Finansovyj žhurnal — Financial Journal, 2018, issue 6, 34-46

Abstract: Nowadays tax incentives are widely used in many countries including Russia. Nevertheless, this tax instrument has a number of significant disadvantages. Firstly, they decrease budget revenues, and at the same time the efficiency of tax incentives usually is not estimated and seems to be not positive. Secondly, a lot of tax incentives can be replaced by more comfortable types of direct expenditures. Finally, as a rule, from an equity standpoint tax exemption is not a good, as recipients of tax exemption are usually wealthy people. This paper discusses main theoretical aspects of tax incentives (with focus on personal income taxation), provides a review of the world taxation practices and analyzes the tax exemptions in Russia. The results of analyses allow to outline the recommendations intended to improve the personal income taxation.

Keywords: tax allowance; tax credit; tax rate relief; tax-free threshold; tax credit on earned income; child tax credit; tax system. (search for similar items in EconPapers)
JEL-codes: E62 H20 H24 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.finjournal-nifi.ru/images/FILES/Journal ... tii/fm_2018_6_03.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:fru:finjrn:180603:p:34-46

DOI: 10.31107/2075-1990-2018-6-34-46

Access Statistics for this article

Finansovyj žhurnal — Financial Journal is currently edited by Vladimir S. Nazarov

More articles in Finansovyj žhurnal — Financial Journal from Financial Research Institute, Moscow 125375, Russia Contact information at EDIRC.
Bibliographic data for series maintained by Gennady Ageev ().