MEDIUM-TERM RESERVATION AS AN INSTRUMENT FOR INCREASING THE STABILITY OF TAX REVENUES (ON THE EXAMPLE OF PROFIT TAX)

Abstract

The article is devoted to the study of the possibilities of stabilizing tax revenues by creating medium-term reserves based on the most volatile non-oil and gas budget revenues. The proposed design of the tax stabilization fund allows saving some of the excess resources generated during periods of economic recovery, with a view to their subsequent use to compensate for "lost" income in the context of stagnation. The results of an empirical analysis indicate a decrease in the volatility of income tax revenues and the adequacy of the reserve formed for the full repayment of their negative fluctuations.

Keywords

• ax revenues
• profit tax
• systematic risk
• reservation
• stability
• volatility
• stabilization fund