| Non-Taxable Minimum Income in the System of Taxation |
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Authors: Yelena S. VYLKOVA Dr. Sc. (Econ.), Professor of State and Municipal Finance Dept. Abstract: Historical aspects of the concept of non-taxable minimum income in Ancient Rome, Byzantine and early Islamic state are covered. Theoretical approaches to the interpretation of non-taxable minimum income given by the classicists of political economy and modern researchers are explored. The author’s definition of the term is provided. The role of non-taxable minimum in economic development of the state is established. The issues of the use of non-taxable minimum in the process of taxation of personal income in foreign countries oriented primarily towards subsistence level are addressed. The practice of establishing non-taxable minimum income in the USSR and Russia is considered. The author discloses the details of the application of non-taxable minimum in the taxation process of income or profits of corporate structures; property, including the property transferred by way of inheritance or gift; transport; land. Proposals for improving the use of non-taxable minimum in the sphere of taxation of personal income and property of individuals in Russia are formulated. Keywords: TAX, TAX BENEFIT, NON-TAXABLE MINIMUM INCOME, OBJECT OF TAXATION, TAX BASE For citation: Yelena S. Vylkova. Non-Taxable Minimum Income in the System of Taxation. Upravlenets – The Manager, 2016, no. 3(61), pp. 47–51. |
