Kondrashova N.A. Corporate Tax of a Consolidated Group of Taxpayers

Abstract: In her article Kondrashova analyzes the corporate tax as the tax that, in fact, characterizes the financial result of the company's activity. The author describes the corporate tax from the point of view of microeconomics and as one of the main budget generating tax. In terms of microeconomics, the researcher studies the investment nature of the mechanism of consolidated taxation for major vertically integrated companies. The author of the article also describes peculiarities of the process of taxation with the consolidated corporate tax in the Russian Federation and distinguishes between budget responsibilities of a liable participant and responsibilities of a regular participant of the consolidated group of taxpayers.  In her research Kondrashova has used the following methods of research and scientific cognition: analysis and synthesis, comparison, induction, deduction and modelling. The author notes that implementation of consolidated taxation has a stimulating nature. Through establishing special taxation rules for corporate entities, the government stimulates their development despite significant budget losses at the initial stage.  The researcher also notes that a particular feature of a consolidate goup established in accordance with the Russian legislation is that each participant retains their legal, taxation and economic independence, continues to perform economic operations and keep the records of these operations in accordance with the taxation and accounting requirements except obligations towards assessment and payment of the corporate tax.   

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