The first results of the tax maneuver and budget revenues of the subjects of the Russian Federation

Abstract

The specific feature of tax authorities’ distribution of the Russian model of fiscal federalism is the fixing of federal budget revenues to the risks of external economic conjuncture (oil prices) and the revenues of regional budgets - to the risks of internal economic conjuncture risks. The change in the proportion between the customs duties and the tax on natural resources’ extraction according to the «tax maneuver» corrects the existing design. The first result of the «tax maneuver» for the federal budget was the decrease of the customs duties’ revenue, which was not compensated with the increase of revenues of the tax on natural resources’ extraction. The introduction of the consolidated groups of taxpayers’ regime for profit tax payments enforced the l i n k a ge b et we en t he r eg ional bu d get s’ r evenues a nd ex ter n al econom ic c onju nct u r e, de cr ea s i n g the opportunity of regional authorities to influence their budget revenues, using their own tax tools.