Scientific approaches to the economic and legal nature of taxes

The article describes the economic and legal nature of taxes, examines the purpose and the functions of taxes. The author annotates the existing views regarding the tax functions. The substantiation of sub-functions of the regulatory function of taxes is given, and their role in encouragement of socio-economic development is revealed. It is emphasized the need for correlation of all the tax functions in order to ensure the efficiency of a budgetary tax policy.