Contents

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Chkhatiashvili, L. V. — Simplified system of taxation as a Support of Small Business
TAX SYSTEMS OF THE FOREIGN STATES
Kalakov, R. N. — Practice of granting tax exemptions in the foreign states

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Reference:

Chkhatiashvili, L. V. Simplified system of taxation as a Support of Small Business // Taxes and Taxation. 2010. š 9. URL: https://en.nbpublish.com/library_read_article.php?id=57618

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

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Abstract: Implementation of the Simplified System of Taxation is aimed at stimulation of development of entrepreneurial activities in the sphere of small and medium-sized business which development significantly depends on the level of economic development of the country in general. According to the author, it is necessary to change the rules of transfer to the simplified taxation system including the raise of the threshold of number of employees and net book value of fixed assets and intangible assets. Being a privileged regime, the simplified taxation system should not be applied to enterprises belonging to the unified enterprise network.

Keywords: tax, system, entrepreneur, exemption, codex, business, property, assets, economy, stimulation.

TAX SYSTEMS OF THE FOREIGN STATES

Reference:

Kalakov, R. N. Practice of granting tax exemptions in the foreign states // Taxes and Taxation. 2010. š 9. URL: https://en.nbpublish.com/library_read_article.php?id=57619

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

About authors

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Abstract: The article presents an analysis of the system of tax deductions and tax credits in the foreign states. The fundamental difference of the foreign practice of tax credits for physical persons is their direct application to the tax rate (amount of tax paid based on someones income) which allows, in some cases, reduction of tax liabilities down to negative, i.e. allows a taxpayer to receive non-taxable income from the government. The author underlines that there is a need in improvement of the Russian legislation on taxes and levies, especially the part of tax legislation regulating tax exemptions and other preferences for taxpayers.

Keywords: tax, exemption, tax credit, tax deduction, tax rate, income, preference, base, legislation, calculation