FOREIGN EXPERIENCE OF LOCAL TAX POLICY: PROSPECTS OF APPLICATION IN RUSSIA

Abstract

The article examines the main trends of local tax policy in foreign countries (United States, Canada, Germany, Britain and France) and the prospects of applying foreign experience to Russian policy. The analysis is necessary due to the need to improve the effectiveness of the current local tax policy in Russia and the fact that in modern domestic political thought not nearly enough attention is paid to this question. The assessment of foreign tax policy was based on the following main characteristics of the tax system: levels of the tax system, nature and method of taxation, local tax structure, the degree of independence of local governments in imposing local taxes. The analysis of foreign tax policy illustrates the benefit of observing the following main trends in the development of local tax policy in Russia: the development of independent tax policy at the local level that contributes to the financial and economic independence of local governments, as well as the implementation of the principle of budget federalism.