The article seeks to describe the features of fiscal policy during the Covid-19 pandemic. The research subject is the developed and developing countries of the G20 Group. The purpose of the article is to show an increasing importance of fiscal regulation measures in the era of the coronavirus crisis and in the post-coronavirus future, while noting the special role of taxation, which in modern conditions is given an important role in the toolkit for replenishing the revenue of state budgets of the leading countries of the world. The hypothesis of the research is that fiscal policy in the modern world acquires a qualitatively different meaning, becoming a priority of state regulation in the field of public finance, shifting the emphasis from the previous priority of monetary policy measures. Based on the generalization of the Covid-19 consequences on the economy and public finances and the experience of overcoming crises, the key postulates of modern fiscal policy were substantiated: clear socially oriented focus; focus on neutralizing excess income of companies that managed to take advantage of their technological advantages during the pandemic; a combination of support for the population by growing government spending and the use of tougher tax pressure on those who managed to get rich during the coronavirus crisis; consistency of the national fiscal policy of the post-Covid recovery period with the policies of other countries of the world. Summarizing the experience of implementing fiscal policy in China, Japan and Korea since the early 2020s made it possible to highlight the differences between countries in the tax response to the pandemic, as well as to the recovery after it: the planned tax cut in China, the issuance of corona bonds in Japan, tax incentives for certain sectors of the economy against the background of an increase of PIT rate in Korea. The study of fiscal policy during the Covid-19 pandemic based on data from national financial statistics is of interest for future research.
This article discusses the existing socio-economic development of regions. The social and economic development of the regions is directly affected by the tax ratio and mechanisms of their functioning, which are the subject of study for both foreign and Russian economists, as the state regulation of any economy is possible through tax relations between parties. In 2012, there was established the taxation of consolidated groups of taxpayers, which exists in many countries and provides payment of income taxes based on the total financial and business performance of the group. However, in our opinion, the requirements for entry into the group are much too high. The article presents a method that allows analyzing the changes in the number of potential participants of a consolidated group of taxpayers depending on the changes in the threshold of entry using indicators. These indicators can be based on the aggregate value of assets, or represented in terms of total revenue or the amount of taxes paid. The reduction in the existing criteria will optimize tax administration of the major taxpayers and more evenly redistribute financial flows between regions of Russia
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