On the concept of tax reform in the mineral raw materials complex in Russia
- 1 — Saint Petersburg Mining University
- 2 — State Tax Inspectorate of St. Petersburg
Abstract
The authors analyze the present tax system in the mining industry. They show the percentage of the Russian Federation budget which is provided by the mining industry's tax payments. The article explores the shortcomings of the tax system in the raw minerals industry of the country. The article notes that the Russian Federation tax system generally has a fiscal character and requires reformation into a taxation system, which would provide economic stimulation. A tax reform plan, which introduces the concept of 'rent[1] into the Russian mining industry's tax burden, has been proposed. Special attention is paid to the stimulating role of taxation on production in the mining industry.