Orobinskaya I.V. Trends in tax regulation and their impact on the economy of Russian agribusiness industry

Abstract: The paper examines trends in tax regulation and their impact on the economy of Russian agribusiness industry as well as recent political, economic and institutional changes that contributed to create favorable conditions and gave an impetus to the revival, shaping and development of the agricultural sector. The author notes that among numerous problems hampering the efficient and sustainable development of business entities in rural areas, the problem of optimal taxation of agribusiness is of crucial importance. The author argues that the existing taxation system does not properly function and in light of the national policy aimed to support domestic producers and implement fiscal reform, it should be revised and adjusted. The methodological basis of the research involves fundamental concepts set out in the works of Russian and foreign scientists, legislative and regulatory acts of public authorities, federal laws, decrees of the President and the RF Government, materials of scientific and practical conferences on the issues of taxation of agricultural producers. The work uses such methods as abstract logic, monographic, statistical and economic, economic-mathematical and other methods of economic research. The scientific novelty of the research lies in theoretical and methodological substantiation and identification of the characteristics of taxation of agricultural enterprises; suggestion to use multiple tax regimes taking into consideration the fact of seasonal production and the gap between production costs and return and to provide an efficient state regulation of agribusiness industry through offering tax benefits and using various stimulating measures. In addition, the article assesses the current level of the tax burden on enterprises of the agrarian sector of Russia and argues that the real sector of the Russian economy is in a difficult financial situation which proves that the limit of taxation should be determined taking into consideration the industry sector where the agricultural enterprise belongs as well as such factors as: the production volume and costs structure, the rate of capital turnover, etc.

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