Authors:

Yelena N. PROKOFYEVA Cand. Sc. (Econ.), Associate Professor of Financial Markets and Banking Dept.

Mariya M. SHADURSKAYA Cand. Sc. (Econ.), Associate Professor of Finance, Money Circulation and Credit Dept.

Svetlana G. PRIVALOVA Cand. Sc. (Econ.), Associate Professor of State and Municipal Finances Dept.

Abstract:

In the context of strained international relations and the lack of growth of the national economy, the issue of ensuring the financial stability of budgets turns out to be rather acute. At that, the rising tax burden can cause a decline in the number of legal entities and consequently create high unemployment and reduce real incomes of the population. The article proves that a selective approach is necessary when introducing amendments to tax regulation. The authors suggest increasing government revenue at the expense of particular categories of taxpayer s. The study aims to systematize theoretical and applied aspects of excise duties. The authors prove the necessity and possibility of applying this group of indirect taxes in order to boost government revenues avoiding a sharp increase in the tax burden. Having considered the evolution of excise taxes in Russia, the criteria for assessing the effectiveness of institutional changes in the excise system are determined. In the paper a content analysis of the current excise tax system is conducted. After systematizing the theory and practice of collecting excise duties in Russia, the possible options for transforming the tax policy which is based on collecting certain types of excise taxes were offered.

Keywords:

INDIRECT TAX, REGALIA, EXCISE DUTY, TAX POLICY, GOVERNMENT REVENUE

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For citation: Yelena N. Prokofyeva, Mariya M. Shadurskaya, Svetlana G. Privalova. Excise Duties: Evolution and Development Prospects. Upravlenets – The Manager, 2017, no. 2(66), pp. 72–78.