Individual Income Taxation in the World and Russian Practice: Modern Tendencies and Prospects

Abstract

The article speaks about tendencies in individual income taxation in the leading countries of the world at the modern stage of development, marks out the contribution of the individual income tax into formation of the income base of authorities of all levels and emphasises its role in smoothing social consequences in the post-crisis period. Moreover, the article considers specific features of the individual income taxation in the Russian Federation including possibilities of modification of the existing system of levying this tax through increase of tax rates and introduction of the progressive scale of taxation.

Keywords

• global economic crisis
• post-crisis development
• taxation
• taxation policy
• tax regulation
• progressive taxation
• individual income tax
• physical persons income tax
• international tax competition