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DECREASE IN THE SHADOW SECTOR OF ECONOMY AS POTENTIAL OF GROWTH OF FINANCIAL STABILITY AND ENSURING ECOLOGICAL SAFETY OF TERRITORIAL SUBJECTS OF THE RUSSIAN FEDERATION

Marina V. Kazakovtseva

First published: 2018-06-20https://doi.org/10.5593/sgem2018/5.3/s28.024View metrics

Abstract

The enterprises working in shadow economy do not undertake any measures for protection of ecology, do not pay payments for use of natural resources and environmental in the budget though they do harm to a surrounding medium in the course of the economic activity. The scales of a shadow economy existing in the Russian Federation exerts the increasing impact on formation and ensuring financial stability of regional budgets. According to the experts the IMF, scales of the shadow sector of economy in the Russian Federation are more than 30% (much higher, than in the European countries), respectively existence of the shadow sector leads to compression of a taxable basis and considerably influences budget revenues. The shadow economy is the phenomenon ambiguous, it has the positive and negative moments therefore questions of fight against a shadow economy became very relevant, especially in the conditions of budgetary deficiency. That the shadow sector did not grow, it is necessary to try to obtain essential changes in economic policy for providing normal conditions for functioning of domestic manufacturers. Growth of a shadow economy can be stopped and to considerably lower its share when in the country there is competently built model of relationship between business and the power, it is created and the legislative base works with clear and transparent rules, there is an attractive and stimulating taxation system. Tax and budgetary and monetary policy of the state has to provide such condition of the state institutes at which participants of the market have no objective need to make illegal production, financial transactions. The solution of a problem of withdrawal of economy from the shadow sector of economy and solution of the problem of informal employment at the regional level in the conditions of lack of growth of real monetary income of the population, low purchasing power and insufficient investment activity is a reserve of growth of collecting of taxes and a significant factor of ensuring financial stability of the budget of the subject.

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Title
DECREASE IN THE SHADOW SECTOR OF ECONOMY AS POTENTIAL OF GROWTH OF FINANCIAL STABILITY AND ENSURING ECOLOGICAL SAFETY OF TERRITORIAL SUBJECTS OF THE RUSSIAN FEDERATION
Authors
Marina V. Kazakovtseva
Proceedings
SGEM International Multidisciplinary Scientific GeoConference EXPO Proceedings; 18th International Multidisciplinary Scientific GeoConference SGEM2018, Ecology, Economics, Education and Legislation
Publisher
STEF92 Technology
Year
2018
Pages
191-198
SWS Citekey
Kazakovtseva201821191198
ISSN
1314-2704
ISBN
978-619-7408-48-5
Language
en
Publication type
Conference Paper
Keywords
References9
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  2. Head of Rosstat: the share of a shadow economy in Russia reaches 10-14% http://www.newsru.com/finance/30mar2017/surinov.html?utm_source=rss (accessed 10.02.18).

  3. Information on a situation in labor market in the Republic of Mari El http://www.mari-el.regiontrud.ru/Attachment.axd?id=dc32af6d-37ae-4a09-9ac0- 922d3121d400 (accessed 10.02.18).

  4. Kazakovtseva M.V., Gumarova F.Z., Yuricheva E.Y. Ensuring stability of the territorial subject of the Russian Federation in the conditions of unstable economy, To the International Business Information Management Conference (30th IBIMA) Madrid, Spain 8-9 November 2017.

  5. Kazakovtseva M. V., Gumarova F. Z., Tsaregorodtsev E.I. Forming of Competitive Advantages of Regional Agrarian and Industrial Complex as Mechanism of Ensuring Economic Safety, Mediterranean Journal of Social Sciences, Rome-Italy Vol 6 No 3 S7, 2015 P-213-220.

  6. Medina L., Schneider F., Shadow Economies Around the World: What Did We Learn Over the Last 20 Years? IMF Working Paper No. 18/17 January 2018 http://www.imf.org/~/media/Files/Publications/WP/2018/wp1817.ashx (accessed 11.02.18).

  7. The Main Directions of the Budgetary, Tax and Customs and Tariff Policy for 2018 and for Planning Period of 2019 and 2020 http://minfin.ru/ru/document/?id_4=119695&area_id=4&page_id=2104&popup=Y#ixz z58cElnQDM (accessed 12.02.18).

  8. Research: the shadow economy of Russia grows again. http://www.bbc.com/russian/news-41027214 (accessed 11.02.18).

  9. Schneider F., Williams C. C. The Shadow Economy. The Institute of Economic Affairs, 2013., P. 184

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