Peculiarities of application of simplified system of taxation in various subjects of the Russian Federation

Series of crises of the late twentieth and early twenty-first century had a significant negative impact on the Russian economy, which required serious measures to improve it. One of such measures was the introduction of a fairly new tax mechanism named "Simplified tax system"6 which main goal is to stimulate the development of small and medium-sized enterprises. The article considers key principles of the tax regime, as well as peculiarities of its application in various subjects of the Russian Federation.