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...

In this paper, we model - quantitatively – a possible realistic interaction between a taxpayer and his Government. We formalize, in a general setting, this strategic interaction. Moreover, we analyze completely a particular realistic sample of the general model. We determine the entire payoff...

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,...

This paper studies optimal dynamic tax policy under the threat of political reform. A policy will be reformed ex post if a large enough political coalition supports reform; thus, credible policies are those that will continue to attract enough political support in the future. If the only...

The political events that took place in the period under review, concerning the declaration of independence of the Crimea from Ukraine, the referendum in the Crimea which gave rise to signing an agreement on the accession of the Republic of Crimea and the city of Sevastopol to the Russian...

In recent contributions, Weizsäcker (2014) and Summers (2014) maintain that mature economies accumulate too much capital. They suggest large and lasting public deficits as a remedy. This paper argues that overaccumulation cannot occur in an economy with land. It presents novel data of aggregate...

The most noteworthy developments over the period under consideration, against the backdrop of ever growing economic sanctions being imposed by the West and the resulting capital outlow from Russia, are the assertion, by Russian authorities, of lack of any intention on their part to further...

Russia’s tax and fiscal policy during the period under consideration was extremely contradictory. On the one hand, the shortage of budget revenues resulting from the stagnant state of the Russian economy compelled the authorities to make an emphasis on forceful methods in their fight against...

Abstract: We have considered that the paper can be structured in five chapters meant to bring light, as much as possible, on the tight relation between financial discipline and economic growth, the role and place of financial discipline as an important factor of economic growth, in the same time...