Increasing GDP growth and budget revenues by means of regulated taxes with onerous conditions
Using tested methodologies, the article studies flexible tax systems with onerous conditions of two types: with an increased share of reinvested profit and with additional increase in production volumes, which have been proposed by the authors. The authors offered a method to determine the boundary conditions, which ensure budgetary efficiency of flexible tax systems with deceasing differentiated tax rates as compared with the traditional tax system with constant maximum tax rates. In the capacity of deputies of the Volgograd regional Duma, the authors developed tax laws of the Volgograd region, which were in force from 1994 to 2006. According to “Expert” journal, the tax laws were among the best among the subjects of the Russian Federation. The article presents the economic and system analysis of the mentioned laws. The authors prove their positive impact on the industrial production growth index of the Volgograd region during the period from 1997 to 2001. The paper considers the directly applicable tax laws of the Nizhny Novgorod region, which, according to the “Expert RA” Agency, are currently among the most efficient and developed regional laws. Exemplified by the use of flexible systems in the legislation of the Volgograd and Nizhny Novgorod regions, the authors prove that using controlled taxes with onerous conditions enables to increase the growth rates of industrial production and budget revenues. On the basis of the mathematical and economic analysis, the authors developed proposals on modernizing tax laws of the subjects of the Russian Federation to increase tax revenues to the budgets of all levels. The authors also made proposals on improving budget efficiency of the Federal Law “On Special economic zones in the Russian Federation” and offered an initiative to allocate a part of VAT revenues to the budgets of the subjects of the Russian Federation in exchange for equivalent shares of revenues from income tax and/or property tax. The latter measure will allow increasing the efficiency of regulated taxes with onerous conditions 1.5 times.