Kichigina A.K., Konvisarova E.V. Comparative Characteristics of Taxation of Profits of Commercial Banks in Russia and Abroad

Abstract: The subject of the research is the system of taxation of the profit of commercial banks in Russia and foreign countries, namely France, Germany, Great Britain and the United States. Particular attention is paid to the interest rates paid by commercial banks to the above countries, as well as publicly provided benefits to pay income tax. This article also discusses other taxes paid by commercial banks in various countries of the world which allows to form a common "picture" of the tax burden imposed on commercial banks. In the process of analysis of taxation of the banking sector the methods and techniques of analysis, synthesis and comparison have been used. The scientific novelty of the research is caused by the fact that the authors have developed practical recommendations to improve the existing procedure for taxation of commercial banks in Russia. As a result, the authors of the study have proposed measures to optimize the taxation of Russian commercial banks which are represented by the three methods of tax impact: administrative, judicial and legislative.   

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