Smart income taxation as a tool for sustainable development
Abstract
The article provides the author’s definition of a reasonable tax policy as a set of effective government measures for collecting taxes while respecting social justice. Tax revenues help finance the delivery of public services in achieving sustainable development. Reasonable taxation requires the adoption of sound tax policy and the administrative capacity to implement it. Internal tax policy plays a decisive role in stimulating the development of sectors of the economy, its subjects, and strengthening the tax potential. It is necessary to realize the direct relationship of taxation with the goals of sustainable development. A reasonable tax policy can influence the volume of domestic investment in a region through tax rates, incentives, and deductions. The tax can act as an incentive to increase investment in sustainable domestic infrastructure, as it can lead to a loss of tax revenue. Losses are often offset by increases in product taxes, including VAT, which usually have a regressive effect. They disproportionately increase inequality, hindering the achievement of sustainable development goals. Typical needs for reasonable taxation are outlined. The planned volumes of tax revenues from the population for the next three-year budget period have been investigated. Benefits have been made about the need for a fair distribution of the tax burden without generating social inequality, with an increase in budgetary efficiency from taxation.
About the Author
N. V. Lazareva
International Banking Institute
Russian Federation
Russian Federation
Doctor in Economics, Professor
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Review
For citations:
Lazareva N.V. Smart income taxation as a tool for sustainable development. Kazan economic vestnik. 2021;(5):59-63. (In Russ.)
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