INCREASING THE IMPORTANCE OF PROPERTY TAXES IN THE REVENUE STRUCTURE OF THE CONSOLIDATED BUDGET OF REGIONS
Regional and local taxes play a minor role in forming total revenues for consolidated budgets. And the greatest significance for the formation of these budgets is the income from federal taxes and fees, along with free financial assistance. Therefore, it is necessary to increase the importance of property taxes. The purpose of the study is to identify the current role of property taxes in the formation of budget revenues in the territories of the Russian Federation, as well as to make economical proposals to improve the efficiency of taxation at the local and regional levels. Several economic methods were used in the study process. The main elements of the taxes under consideration were studied using the method of observation and collecting facts. The actual tax situation on the example of a particular region is fully presented using system-functional methods, including analysis and synthesis. The analytical tables provide information collected and systematized by the graphical method. According to the obtained results, the insignificant role of regional and local taxes in sub-federal budgets was confirmed. It was suggested to increase the value of designated taxes by adjusting their individual components taking into account the financial situation of payers. Practical compliance with the measures proposed by the researcher will support the financial component of the subjects of the Russian Federation and form the basis for their independent financing.
Keywords: regional and local taxes, tax revenues, subject of the Russian Federation, tax administration, budget, property taxes.
Highiights:
♦ the role of property taxes in the formation of budget revenues of the subjects of the Russian Federation is defined;
♦ dynamic and structural changes in the formation of tax revenues of the consolidated budget of the Orenburg region in the context of property taxes are revealed. The factors influencing the change in regional budget profitability are determined;
♦ it is suggested to increase the value of designated taxes by adjusting their individual components taking into account the financial situation of taxpayers.
Vadim N. Konovalov, post-graduate student of Samara State University of Economics.