Taxation and Public Finance in a Transition Economy: A Case Study of Russia

13 Pages Posted: 28 Dec 2003

See all articles by Galina Preobragenskaya

Galina Preobragenskaya

Abu Dhabi University - Department of Accounting

Robert W. McGee

Fayetteville State University - Department of Accounting

Abstract

Countries that are moving from central planning to a market economy face unique problems in many areas, including taxation and public finance. The methods of collecting the revenue needed to fund government services were much different under a socialist system. Shifting to a market system requires government to create new institutions and methods of collecting revenue. All transition economies face similar problems in this regard and several different approaches have been tried in an attempt to find the solution that is best for each particular country. This paper summarizes the methods the Russian Federation is using and comments on the problems Russia still faces as it attempts to install a system of taxation and public finance that is appropriate for its emerging market economy.

Keywords: Taxation, public finance, transition economy, Russia, VAT, income tax

JEL Classification: E62, H24, H25, H71, K34, O52, P20, P35, P40

Suggested Citation

Preobragenskaya, Galina G. and McGee, Robert W., Taxation and Public Finance in a Transition Economy: A Case Study of Russia. Available at SSRN: https://ssrn.com/abstract=480862 or http://dx.doi.org/10.2139/ssrn.480862

Galina G. Preobragenskaya

Abu Dhabi University - Department of Accounting ( email )

PO Box 59911
Abu Dhab
United Arab Emirates

Robert W. McGee (Contact Author)

Fayetteville State University - Department of Accounting ( email )

Fayetteville, NC 28301
United States

HOME PAGE: http://robertwmcgee.com

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