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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

M. Kazakovtseva, F. Gumarova, E. Yuricheva
Thursday 11 October 2018 by Libadmin2018

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.

Keywords: shadow economy, informal employment, financial stability, protection of ecology


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