Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review
Social-economic principle in apportionment of corporate profit tax paid by consolidated group of taxpayers. / Bannova, Kristina Alekseyevna; Dolgih, Irina Nikolayevna; Pokrovskaia, Natalia Vladimirovna; Kropova, Alena Anatolevna.
Proceedings of the 27th International Business Information Management Association Conference - Innovation Management and Education Excellence Vision 2020: From Regional Development Sustainability to Global Economic Growth, IBIMA 2016. ed. / Khalid S. Soliman. IBIMA, 2016. p. 1655-1661.Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review
}
TY - GEN
T1 - Social-economic principle in apportionment of corporate profit tax paid by consolidated group of taxpayers
AU - Bannova, Kristina Alekseyevna
AU - Dolgih, Irina Nikolayevna
AU - Pokrovskaia, Natalia Vladimirovna
AU - Kropova, Alena Anatolevna
PY - 2016/1/1
Y1 - 2016/1/1
N2 - Consolidated group of taxpayers (CGT) in Russia, where the profit tax is very important source of regional budgets revenues, intensified importance of profit tax apportionment. The fact that CGT spans multiple regions has caused changes in the established procedures for the distribution of the profit tax among regional budgets. This has induced unpredictable profit tax revenues and conflicts of interests between the affected territories. Starting from 2015, in Russia was proclaimed a moratorium on creating new consolidated groups of taxpayers. This was due to the inefficient formula used for distributing the proceeds from the profit tax paid by the CGT participants. To resolve the situation, we suggest improved approach to the formula used for distributing the profit tax collected from CGTs. The suggested social-economic principle must base on three aspects: the contribution of each region into the state economy and the GDP, implementing factor-based approach, taking into account if the region is depressed (and how much). The suggested approach will facilitate the growth of the social and economic situation in the regions and improve social welfare.
AB - Consolidated group of taxpayers (CGT) in Russia, where the profit tax is very important source of regional budgets revenues, intensified importance of profit tax apportionment. The fact that CGT spans multiple regions has caused changes in the established procedures for the distribution of the profit tax among regional budgets. This has induced unpredictable profit tax revenues and conflicts of interests between the affected territories. Starting from 2015, in Russia was proclaimed a moratorium on creating new consolidated groups of taxpayers. This was due to the inefficient formula used for distributing the proceeds from the profit tax paid by the CGT participants. To resolve the situation, we suggest improved approach to the formula used for distributing the profit tax collected from CGTs. The suggested social-economic principle must base on three aspects: the contribution of each region into the state economy and the GDP, implementing factor-based approach, taking into account if the region is depressed (and how much). The suggested approach will facilitate the growth of the social and economic situation in the regions and improve social welfare.
KW - Consolidated group of taxpayers (CGT)
KW - Profit tax
KW - Regions
KW - Revenues
KW - Tax
KW - Taxation
UR - http://www.scopus.com/inward/record.url?scp=84984620376&partnerID=8YFLogxK
M3 - Conference contribution
AN - SCOPUS:84984620376
SP - 1655
EP - 1661
BT - Proceedings of the 27th International Business Information Management Association Conference - Innovation Management and Education Excellence Vision 2020
A2 - Soliman, Khalid S.
PB - IBIMA
T2 - 27th International Business Information Management Association Conference - Innovation Management and Education Excellence Vision 2020: From Regional Development Sustainability to Global Economic Growth, IBIMA 2016
Y2 - 4 May 2016 through 5 May 2016
ER -
ID: 35936826