PROSPECTS FOR THE DEVELOPMENT OF TAX SYSTEM IN THE CONTEXT OF CURRENT ECONOMIC CHANGES
The article examines the ways of reforming the system of taxation and tax incentives in order to revive economic growth. This problem is particularly urgent now in view of the restrictions faced by many businesses that were introduced to stop the spread of the coronavirus; as a result of those restrictions there was a considerable drop in consumer demand, industrial production and income, and now many bankruptcies of small and medium-sized businesses are expected. The article analyzes the problems faced by small and medium-sized businesses as a result of the launch of restrictive measures, and studies the measures taken at the federal and regional levels to support the most affected areas of industry. It is concluded that the measures of state support and tax incentives for small and medium-sized businesses are insufficient. The authors stress the necessity of making changes to the tax legislation regarding the the tax on imputed income, and propose a number of measures aimed at reducing business costs and partially preventing a fall in regional budget revenue.