A REVIEW OF TAXATION REGULATORY DOCUMENTS ISSUED IN MAY 2013

In the period of 2013 under review, President Putin presented a Budget Message in which he outlined the guidelines for the state monetary policy in years to come, and the Taxation Policy Guidelines for 2014–2016 adopted by the Russian Government were published. Both documents showed higher quality of the economic decisionmaking procedure at the top levels of power and a visible refusal to present a standard set of populist measures as economic policy and apply the recent practice of promoting economic development though nothing by tax allowances and exemptions for certain categories of manufacturers amid further acceleration of state socioeconomic obligations without providing any reference to sources of financing thereof.