Boryan, Yu.B., Zrelov, A.P. Modern Targets and Capabilities of Tax Policy

Abstract: Successful establishment of an effective state institution greatly depends on financial and economic conditions of its functioning including tax policy and effective use of the country’s resources, improvements in the sphere of demography, education, health care, culture, security and so on. For that matter, according to the author of the article, there is a need in differentiating of the term ‘tax policy’ for separate spheres such as agriculture, industry, foreign economic activity, charity and etc. Establishment of a system like that would allow to fully individual industries and contribute to the country’s prosperity. One of the basic tools of tax policy should become tax incentives aimed at development of industrial forces, energy conservation, education and competitive growth.

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