THE TAX BURDEN INDEX AS AN INDICATOR OF THE EFFECTIVENESS OF FISCAL MEASURES TAKEN BY THE GOVERNMENT
The current tax system of the Russian Federation has high fiscal significance and possesses a regulating potential allowing the government to generate the revenue part of the federal and regional budgets. The subject of research is the analysis of specific features of the tax burden index. The purpose of research is to identify tax burden trends concerning the economy of a particular region, namely the Stavropol Territory, as well as define the role of the tax burden as an indicator of the fiscal efforts of the government by the example of the corporate profit tax.The paper reflects the trends in shaping the tax burden on the economic sectors of a Russian Federation subject. Based on the research findings, proposals were made to enhance the efficiency of the corporate profit tax by improvement of the tax legislation. It is concluded that the main goal of the economic and fiscal reforms leading to higher revenues in the national economy is the increase in tax revenues of budgets of various levels. Viewed from this point, the corporate profit tax is the one by which the government can influence the development of the economy to the most effect. Since this tax is in direct relationship with the size of revenues received by corporations the government can boost or restrict the investment activities in various sectors of the economy through macroeconomic mechanisms.