MODERNIZATION OF THE RUSSIAN TAX SYSTEM WITH A VIEW OF IMPROVEMENT OF AN INVESTMENT CLIMATE AND THE INTERNATIONAL FINANCIAL CENTER
To effectively set up an international financial center in the City of Moscow Russia should create and maintain an attractive tax system. Tax system should meet two principal requirements to contribute in the process of creating attractive investment climate - taxpayers should bear adequate tax burden within the national economy and tax system should be based on the stable tax legislation. The article contains the analysis of the above mentioned requirements. The author believes that the Russian tax system has no instruments to stimulate attracting domestic and foreign investments and proposes perspective ways how to lower tax burden and to give the Russian tax system more stable position.