essay on whether we should have a flat income tax or a progressive tax system

Standing apart from this total are five special tax regimes, along with mandatory insurance payments and a new, experimental tax for self-employed persons, introduced in 2019.

Of the country’s 14 varieties of taxes, eight are levied on the federal level (including state duty), three by the regional and three by the local authorities. Like most tax systems in federal states, Russia’s is organized on three levels: federal, regional and local (or municipal). This code constitutes the main legislative act in the Russian tax system. In 1998, the first part of the Russian Federation’s Tax Code was approved, followed by the second part in 2000. That month, a law “on the fundamentals of the Russian Federation’s tax system” was adopted, introducing a series of new revenue sources – including a value-added tax, income tax, excise taxes on alcohol and tobacco products, and other levies. The Russian tax system began to take shape after the collapse of the Soviet Union in December 1991. Sudden tax hikes have been a recent trend before the latest sanctions.It places heavier burdens on entrepreneurs and labor costs.The Russian tax system is convenient for individuals.

Essay on whether we should have a flat income tax or a progressive tax system