This paper compares labour supply behaviour under a uniform education voucher system with one involving a means-tested scheme in which the voucher is subject to a taper or withdrawal rate as parental gross income increases. Particular attention is given to the implications of nonlinear budget...

The period of October–November 2014 was very unstable economically. The rapid slide of crude oil prices, below $80 per barrel, was followed by a nearly 40% depreciation of the ruble against world currencies. Having lifted li mits on the ruble exchange rate fluctuations and imposed limits on...

It by all means is nearly twofold devaluation of the national currency amid falling crude oil prices that was the key event in the period under review, which determined Russia’s economic development vector.

The following developments marked the period under review: the Gaidar Forum 2015 was held in Moscow on January 14–16, the World Economic Forum’s Annual Meeting was held in Davos (Switzerland) on January 21–23, 2015, as well as a draft document of anti -crisis measures aimed at tackling the...

Over the period under consideration, Russia continued to be faced with uncertainty in the sphere of fi nancial policy. The anti -crisis package put forth by the RF Government was the focus of attention.

It’s worth noting that administrative bodies in the period under review made active eff orts 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...

This paper considers the choice of linear income tax rate in both majority voting and social welfare maximising contexts. Although the basic problem in each case - of finding the most preferred tax for the median voter and the welfare maximising tax for an independent judge or decision-maker -...

In the period under review, the Government of the Russian Federation has confirmed its position which consists in the fact that in the next few years it will not change the existing rules of taxation. At the same ?? me, the business has become more active in promo?? on of proposals to reduce a...

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...

It is impressive what the Supreme Arbitration (Commercial) Court of the Russian Federation (the SAC of Russia) managed to achieve in order to adapt Russia’s law enforcement practices to a free-market environment against general uncertainty regarding the state financial policy. First of all,...