Excise duties on alcohol and alcohol-containing products: fiscal importance, problems of taxation and ways for their solution

Abstract

The subject of this research is the excise taxation of alcohol and alcohol-containing products. The author examines the fiscal role of excise alcohol and alcohol-containing products and carries out its assessment in the relative value. Special attention is given to the analysis of existing problems with regards to taxation of these products, as well as the measures aimed at improvement of taxation mechanism. The author notes that the key problems lie in misconduct of taxpayers due to application of illegal schemes and concealment of the actual production output, which leads to negative consequences in part of tax revenue. Having analyzed different views of the economists pertaining to the vectors of improvement of taxation mechanism, the author present the original conclusions and recommendations of the possible ways of addressing the problems. It is underlined that only the implementation of effective measures can help to active stable increase in tax revenue and decrease in the number of offences by participants of the market.