Individual income tax as a financial basis of the sustainable development of city districts: influencing factors and opportunities for revenues increase
The article discusses the need of increase of an individual income tax rate in sources of income of budgets of the least well-resourced urban districts as a financial basis of their sustainable development. The authors present the analysis of the role of a tax in formation of the budget income on the basis of data comparison according to the capital cities of the constituent entities of the Volga Federal District of the Russian Federation. The paper points out that as the main factors of influence on its revenues it considers the number of inhabitants, average pay, the amount of revenues of the consolidated budget of a region and rates of allocations to city budgets. The authors systematize the potentials of increasing of revenues from this tax due to the changes in the Russian Federation legislation, improvement of the population quality of life, attractiveness of the business area and the effectiveness of its bureaucratic administration.
Keywords: individual income tax, budget, city district, sustainable development, quota, deductions, factor, revenues
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