Development trends of indirect taxation in modern economy.
Reform of tax system has always been as well as it currently is an issue of great importance for the majority of states. However, for the last two years, when the whole world has been suffering from recession and budget incomes of most of the countries have suddenly decreased in a dramatic manner, the problem of the reform of tax system has become particularly critical. During realization of the tax system reform legislators focus on the most important taxes speaking about both fiscal aspects and possibility of regulatory effect on the economy.