Critical economic issues. Рубрика в журнале - Economic and Social Changes: Facts, Trends, Forecast
Investments of banks in securities: the essence and development trends under current conditions
Статья научная
The implementation of modern banking activities involves the realization of investments. Investment is a complex discussion economic category, characterized by a number of features. The types and forms of investment are manifold and can be transformed with account of the state of the economy and the level of development of industrial relations. The faster growth of the financial sector in the economy has stipulated the development of financial investment. Banks as financial and lending institutions actively make financial investments in securities. Banks' investment in securities pursues a number of purposes which determine the selection of securities for investment and their quality. The article identified the targets of bank investments in securities and their development trends under current conditions on the basis of the analysis of the actual data for 2010-2014. Negative revaluation and the actual decrease in the value of corporate securities of Russian issuers reduce their commercial appeal...
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System prerequisites for economic recovery of Russia
Статья научная
In the latest issue of the Journal we informed our readers about the 7th International Conference “Strategy and Tactics of Socio-Economic Reforms” that was held in December 2015 in Vologda. The event was dedicated to the 25th anniversary of ISEDT RAS. Renowned Russian scientists, chief editors of social science publications and representatives of regional and local authorities delivered their reports at the plenary sessions of the conference. The report delivered by Sergei Gubanov, Doctor of Economics, Professor, Chief Editor of the journal “Economist”, was considered to be of great interest by the conference participants. Here we outline the main provisions of the report* touching upon the key issues that would help resolve economic and social problems that Russia is facing at the current stage of its development.
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Taxation of digital services: theory, international practice and domestic prerequisites
Статья научная
Reforming corporate taxation taking into account customer value creation concept is a necessary stage in the transformation of the Russian tax system. It will help make it just and efficient in the context of the digital economy in which major IT corporations gain super profits from the use of big data and provision of digital services, the cost of which largely depends on the participation of customers. The goals of the present research are as follows: to substantiate theoretical prerequisites for increasing the tax burden on the companies that use big data as a factor of production, to identify trends and patterns in the modern stage of reforming the taxation of revenues resulting from the provision of digital services in foreign countries, and to substantiate the presence of potential for its application in Russia. In the course of our research we identify features of big data as a factor of production; they demonstrate the need for a special approach to the taxation of income from its use and are important for the identification of the object of taxation. In the light of the European tax reform aimed to create a fair and effective tax system in the digital economy we make an overview of the current practice of introducing digital services tax in the EU member states; we also consider some polemical provisions that require further research. Having analyzed the financial performance and tax burden of the largest IT companies Yandex N.V. and Mail.Ru Group for 2013-2018, we reveal the trend of outstripping growth of gross income and profit in comparison with the amount of tax paid. We also find out that the structure of income is dominated by the items falling under digital services taxation, as well as factors contributing to the reduction of the tax burden. We conclude that Russia has the potential to introduce digital services tax in the medium term.
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