Tax Policy Directions in Russia and the Possibility of Reducing the Tax Burden on Domestic Producers Operating in the Home Market

Abstract

The relevance of the research topic is due to the role of tax policy and the impact of external and internal longterm factors affecting the slowdown of the Russian economy. The aim of the study is to justify measures to reduce the tax burden on manufacturers concentrated on the domestic market. The authors used methods of statistical analysis, economic statistics, including the calculations of implicit tax rates, and the tax burden sensitivity in relation to GDP dynamics. The research results show that an increase in the tax burden on labor and consumption, as well as the existing correlation between the tax burden on capital and labor, hinders investments in the modernization of production and innovation, and disrupts economic growth and socio-economic development in Russia. The measures introduced by the government to overcome the consequences of the pandemic do not help to reduce the tax burden in a short-term and long-term perspective. The authors conclude that it is necessary to reduce the tax burden on domestic producers concentrated on the domestic market by introducing a special taxpayer status.

Keywords

• anti-crisis measures
• business cycle
• budget revenues
• crisis
• coronavirus disease
• multiplicative effect
• tax burden
• tax policy
• implicit tax rate
• fiscal multiplier