Abstract
The article describes the peculiarities of tax policy implementation in the system of international economic relations under conditions of contemporary development, characterized by turbulence, unpredictability and high speed of changes. The author estimates the influence of modern transformational changes on national tax systems and tax policies of the leading countries of the World, including their adaptation to the so-called “new normality”, the decline of liberalism and the deceleration of globalization, virtualization of economic activity and revival of the idea of national identity. Taking into account the impact of the above factors, the author forecasts a common vector of national tax systems’ development, as well as evaluates inter-state interactions in tax matters and determines perspectives of tax policy improvement in Russia on the eve of presidential elections of 2018. The main conclusions are following: 1) in the modern world the best is such a tax policy, which is focused on the regulating (stimulating), and not on the fiscal role of taxes; 2) the process of intensive international tax cooperation, which started just after beginning of the recent global economic crisis, is developing quite successful and it involves more and more interested countries; 3) modern tax systems at the present time are influenced by a large number of transformational factors, including global turbulent environment, which are reflected accordingly in the national tax policy and not always unequivocally positive; 4) tax policy of the Russian Federation ahead of the presidential elections in 2018 and after them should be continuity to the period of 2000-2017 years, considering appropriate progressive global trends. Highlights In the modern world the best is such a tax policy, which is focused on the regulating(stimulating), and not on the fiscal role of taxes The process of intensive international tax cooperation, which started just afterbeginning of the recent global economic crisis, is developing quite successful and itinvolves more and more interested countries Modern tax systems at the present time are influenced by a large number of transformational factors, including global turbulent environment, which are reflected accordingly in the national tax policy and not always unequivocally positive Tax policy of the Russian Federation ahead of the presidential elections in 2018and after them should be continuity to the period of 2000–2017 years, considering appropriate progressive global trends For citation Pogorletskiy A. I. Tax policy in the contemporary world: peculiarities and prospects, implementation in Russia. Journal of Tax Reform, 2017, vol. 3, no. 1, pp. 29–42. DOI : 10.15826/jtr.2017.3.1.029 Article info Received February 10, 2017; accepted March 20, 2017
Highlights
In responding to the crisis, the paper encourages tax agencies to develop a tax compliance strategy that is structured around two objectives: containing the growth in noncompliance and helping taxpayers to cope with the crisis
The rest of the paper is structured as follows: Section II assesses the implications of the economic crisis for tax administration and lays out a general strategy for tax agencies to respond to the crisis
A recent study of close to 190,000 Chinese industrial firms (Cai and Liu, 2009) shows that corporate income tax evasion is negatively correlated with access to credit, suggesting that compliance can be expected to decline when an economic downturn is combined with tight credit conditions
Summary
The global financial and economic crisis presents major challenges for tax administration. Tax agencies are encountering growing compliance risks and greater demands for taxpayer support in the face of prospective budget cuts. This paper examines these challenges and sets out a strategy and measures for responding to them. In responding to the crisis, the paper encourages tax agencies to develop a tax compliance strategy that is structured around two objectives: containing the growth in noncompliance and helping taxpayers to cope with the crisis To achieve these objectives, four sets of measures are identified: (1) expanding assistance to taxpayers, (2) refocusing enforcement on the highest revenue risks, (3) introducing legislative reforms that facilitate administration, and (4) improving communication and outreach programs. Tax agencies should align their near-term compliance strategies and medium-term modernizations plans
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