On specifics of economy management systems in resource-based regions of Russia

Abstract

Purpose. To define the specific features of the tax base organization of the individual income tax and corporate profit tax in the region of mining sector. The article provides the research results and the comparative analysis of certain characteristics of the financial system of the resource regions specializing in mineral extraction. The idea that the specific features of individual income tax (IIT) and corporate profit tax in resource regions specializing in mining arise due to the peculiar organization of work on mineral deposits is put forward as a hypothesis. Methods. To achieve the goal and solve the research problems general scientific methods have been used. As the information basis of the research the RF State Statistics and Tax Service data have been employed. By way of scientifically organized collection of information the analytical database has been formed to evaluate the specifics of public finance organization in the resource region. Through analyzing the database on GRP volume and structure in the RF regions a steady set of mineral resource regions specializing in mineral resources extraction (resource regions) is identified in the article. On the basis of statistical summary of data on GRP per capita, income and expenditure of population, individual income tax amount, corporate profit and corporate income tax, a comparative analysis in the context of resource regions has been carried out. Results. Through the method of scientific analysis of data on the state of the research object the conceptual recommendations for improving the economic management system of the resource region have been developed. The study revealed certain signs of imbalance in income and expenditure of the population, budget revenues from individual income tax and profit tax caused by mining specialization and geographical position of the regions. Scientific novelty. Based on the results of the specifics analysis of the financial system of the resource region new approaches have been proposed to improve the economic management systems in the region specializing in mineral extraction. Also, new approaches to the resource region classification have been provided. The author estimates the impact of specialization in particular minerals extraction on tax revenue of the region.