European Proceedings of Social and Behavioural Sciences. International Scientific Conference "Social and Cultural Transformations in the Context of Modern Globalism" (SCTCMG 2019)

Future Academy, 2019.

Stable development of any country can be ensured only under conditions of a well-thought-out and coordinated tax policy, a coherent and fair taxation system. Thus, personal income tax takes one of the central places in the Russian taxation system since it is significant in its amount in the structure of consolidated budgets of the constituent entities of the Russian Federation (according to budget legislation, it is included in regional and local budgets). In this regard, the issue related to improvement of the taxation efficiency and the principle of social justice in distribution of tax burden is becoming increasingly important. This study investigates the trends in transformation of the tax mechanism in personal income taxation with regard to the principle of social justice, and introduction of the progressive scale into Russian taxation practice. The features of the progressive scale in personal income taxation based on the principle of social justice are revealed. A regional contribution of the constituent entities of the Russian Federation to the dynamics of the formation of personal income taxation is assessed. The main risks that can reduce the amount of income of the specified type of tax in for flat taxation are identified. The features of social stratification in Russia are defined with regard to the level of income of citizens. A progressive personal income taxation scale is proposed to achieve fair distribution of tax burden for Russian citizens in order to reduce social stratification and ensure effective replenishment of the state budget

Keywords: банковская система, banking system, концентрация капитала