Hello all the reader. Many of you are interested in the economy of our country and the whole world as a whole. I do not consider myself a super specialist in this field, but I understand a lot. On my website I publish articles that I consider the most relevant and interesting for those who are interested in the sphere of economics.
Today I will try to describe and determine several main directions for aiming the vectors of the tax system towards incentives for the economy.
So the main directions:
Development of production.
Stimulation of the enterprise (business activity).
Employment growth.
Ensuring the growth of tax revenues.
Investment stimulation.
Legalization of shadow capital.
Stimulation of citizens’ income growth.
Now more!
The development of production as a goal of stimulating taxation can be ensured by the following tax approaches: a) avoiding double taxation; b) a flexible, profitable and convenient system of depreciation deductions for the choice of the payer; c) maximum expansion of types of expenses that can be included in the cost of production.
The stimulation of the enterprise (business activity) can be carried out by such tax levers: a) partial or complete exemption from taxation for a certain time of newly created enterprises; b) underestimated tax rates for small enterprises.
Employment growth must be provided with such tax methods: a) partial or complete exemption from taxation of enterprises with the prevailing labor of disabled people, students, former prisoners, and graduates; b) regressive taxation of the enterprise wage fund.
Ensuring the growth of tax revenues is carried out, first of all, subject to the main ten principles of an effective tax system.
Investment stimulation can be achieved through: a) the lack of taxation on the import of capital, equipment, equipment with the exception of trade purposes; b) preferential taxation for a certain time of enterprises with large investments.
The legalization of shadow capital is extremely large for the economy and can intensify the financial resources that are motionless for the state when conducting such tax measures: a) an unconditional effect of conditions from the previous paragraph; b) the tax and criminal amnesty of earned and exported funds with the exception of cases related to murder and ugliness.
Stimulating the growth of citizens’ incomes is necessary to increase the standard of living of the population and can be achieved using some tax methods: a) a minor tax burden on individuals as a whole; b) exemption from taxation of individuals with low and lower average income; c) exemption from taxation of charitable organizations; d) preferential taxation of operations that are carried out with pensioners, disabled, children.
I believe that the stimulating role of the tax system, despite its value, should not harm the implementation of the taxation process with two other functions – fiscal and regulatory, but should proceed from the need for the consistency and integrity of the components of the tax system.