Tax Policy and its Role in Ensuring the Economic Security of the State

Abstract

The objective orientation of economic security consists in the modern identification of external and internal threats and in the subsequent provision of stable functioning and sustainable development of the state. In this context, special importance is given to the tax policy pursued by the state. It is the tax policy that is able to ensure such economic development, in which socio-economic stability and the development of the state as a whole, its territorial entities, will become an inevitable condition. Tax policy, considered as a factor of economic security, ensures the maintenance of the integrity and unity of the financial system of the Russian Federation. At the same time, the properties possessed by the tax policy allow us to consider it as a component of the economic security of the state in various aspects, such as the resource factor of the state, the factor of interaction between the state and taxpayers, an instrument of influence on socio-economic processes. The implementation of the state’s tax policy is carried out through a tax mechanism, the elements of which, by communicating with each other, ensure the implementation of its directions. When conducting tax policy, an important aspect is the need to take into account risks in order to prevent and minimize them. To a greater extent, these risks are associated with the threat of loss of tax revenues of the state as a result of the activities of subjects of tax relations. Any unfavorable economic environment can increase risks, which will lead to negative consequences. In this regard, the implementation of tax policy should be based on the principles of efficiency and effectiveness, which will ensure a favorable business climate in the country and the investment attractiveness of the state.