Features of Legal Regulation of Tax Revenues of Budgets of Federal Cities (Case Study of the City of Moscow)
The paper examines the powers of federal cities to establish and implement regional taxes that constitute a part of the tax system of the Russian Federation. The author comes to the conclusion that the jurisdiction of federal cities in the field of taxes is attributed to the joint jurisdiction of the Russian Federation and the constituent entity of the Russian Federation, namely, the federal city. Changes in legislation have a significant impact on the structure of revenues of Moscow budget due to the emergence of new fiscal revenue sources of federal cities, increase the amount of revenues received from the property tax of organizations in connection with the expansion of the list of real estate objects in respect of which the tax base is defined as their cadastral cost, etc. At the same time, the corporate tax, personal income tax and property tax invariably remain the main sources of tax revenues of the city of Moscow.