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Comparative characteristics of income taxation in the Russian Federation and in the People's Republic of China


Shelepova N.V., Ganina T.N.
(about the authors)

Shelepova Natalya Vasilevna – (Amur State University)

Ganina Tatiana Nikolaevna – (Amur State University)

Published in:
Journal of International Economic Affairs
– Volume 9, Number 4 (October-December 2019)

JEL classification: H24, jel O53, O57

Keywords: income tax, tax base, tax rate, taxation


Citation:
Shelepova N.V., Ganina T.N. (2019). Comparative characteristics of income taxation in the Russian Federation and in the People's Republic of China. Journal of International Economic Affairs, 9(4), 2501-2508. doi: 10.18334/eo.9.4.41473


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Abstract:

The prosperity of any state depends on many factors. The correct conduction of fiscal policy certainly has a significant impact on economic growth. China is the state, which has a positive dynamics of economic development, which supports the chosen management strategy; and the taxation is apart of this management. An income tax is considered an important tax of almost any state. It plays an indispensable role in the budget. This article gives a comparative description of the income tax of the Russian Federation and the People's Republic of China, which will help to understand some of the subtleties of the presented tax, and to answer the following question: "Can the Russian Federation apply the method that China uses to calculate income tax in its tax system, in order to improve the economic growth of the country?»








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