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Finance and Credit
 

The evolution of imperative financial relations: tax considerations

Vol. 21, Iss. 40, OCTOBER 2015

PDF  Article PDF Version

Received: 24 July 2915

Accepted: 5 August 2015

Available online: 3 November 2015

Subject Heading: FISCAL SYSTEM

JEL Classification: 

Pages: 22-29

Novikova E.P. Kuban State Agrarian University, Krasnodar, Russian Federation
elena_novikova_r23@mail.ru

Importance As the article notes, the contemporary financial system is coupled with strengthening imperative financial relations, since market institutional mechanisms are unable to make financial resources fully accessible for business entities. Illustrating taxation practices, I examine the evolution of forms of, and methods for efficient interaction of business entities and the State in order to find the optimal structure of public production capital.
     Objectives The research pursues analyzing the proceedings by classical scientists in finance, and those ones by contemporary researchers so to detect the most significant controversies of concepts and categories, which impeded the development and implementation of the effective tax policies of the State at various historical stages.
     Methods
The research is based on dialectical principles of studying the unbiased economic reality. I applied methods of logic and gnosiological analysis to concepts underlying the imperative financial relations.
     Results I propose my own interpretation of taxation and identify factors that convey abstract meaning to financial relations, thus preventing tax methods used for economic regulations from reaching effective results and replenish budgets of all levels and building the optimal structure of the national economy.
     Conclusions and Relevance As the Russian financial system embarks on the post-economic development, it, first of all, requires theoretical understanding of the role and place conventional financial institutions have in the new economic reality. The proposed recommendations will allow mending gaps in developing tax policies and implementing governmental measures for financial stimulation of sectoral and local development of economy, considering the existing structure of public production in modern Russia.

Keywords: tax, public finance, capital, public production

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