Amid financial instability, the state is not recommended to increase any form of financial pressure. On the contrary, it is advisable to limit state obligations, cut state expenditures and preserve reserves. However, the burden on taxpayers is not reduced or reduced insignificantly and only in...

The Russian economy, according to the Russian Economic Development Ministry, “has hit the bottom, and Q4 results will be markedly better than the Q3 ones”. It is telling that the situation developed at the end of August almost mirrors that at the end of December 2014, but there has been no...

Although the latest period saw failure in coping with economic stagnation in Russia, it should be noted that Russian's economy demonstrated a good stress resistance. In our opinion, this can be indicative of its gradual adaptation to the market. The ‘budget rule' has proved efficient – the...

Over the period under consideration, the RF Ministry of Finance released1 the Main Directions of Tax Policy for 2016 and the Planning Period 2017-2018 (hereinafter – Main Directions), where it is stated that no increase in the tax load on the economy is intended, and measures are envisages...

It's worth noting that administrative bodies in the period under review made active efforts in rule-making regarding the issues within the scope of their competence. Considering the challenging situation faced by Russia due to western sanctions, there are two reasons that might cause such an...