Specifics of Tax Policy in Conditions of Regional Economy Diversification

Abstract

The article reveals the content of tax policy and highlights its meaning in solution of social and economic tasks. It reflects the specific features of the tax policy as the tool which enables to mitigate heterogeneity of economic development in regions. For this purpose, the article defines regional differences in taxation system in the following subjects of the Russian Federation: Kemerovo Oblast, Novosibirsk Oblast and the Republic of Altai. The differences are revealed in the context of property tax and income tax of organizations as well as transport tax and special taxation systems. The results of analysis of the regional variations in taxation system enabled the authors to assess the state of legislative regulation of taxation development in the regions. Among the regions in question, Novosibirsk Oblast was highly rated according to the criteria of local stimulation of different types of business, stimulation of regional resource base and the presence of differentiated tax rates and taxable items. The article also assesses the results of the influence of tax policy to regional economy diversification process. With the reference to the materials of this research, the authors conclude that the regions with tough legislative tax regulation normally have diversified economy which makes it possible to provide stable tax return to the budget. Regions with raw material economy require more intensive diversification. Subsequently, they need a stronger tax policy to prevent disproportionate development of different kinds and branches of economics. The conclusion of this article contains recommendations on improvement of regional tax policy.