Taxation mechanism development of the modern business

The article aims at the theoretical justification and development of recommendations for improving the mechanism of taxation of the modern business. In a market economy, the mechanism of taxation is the basis of the financial and credit system of the state control and regulation. The state widely uses it as a regulator of influence on the negative phenomena of the market ensuring the effective functioning of the entire system in general. For the stable economic development of Russia it is necessary to pay special attention to the expansion of the modern business entities activities. The main role here is played by the mechanism of taxation which has a significant impact on the functioning and development of the modern business. According to the aim the authors describe the current state and problems of the Russian tax system. Priority directions for the development of a mechanism for business taxation for the state have been identified. The necessity of developing a mechanism for business taxation in the Russian Federation by transforming the tax system at the level of existing taxation regimes is justified.