Title: The сonsequences of implementing tax instruments for the Russian economy during the pandemic

Authors: Irina V. Gashenko; Irina V. Orobinskaya; Yulia S. Zima; Yulia A. Kruchanova

Addresses: Department of Taxes and Taxation, Rostov State University of Economics, Rostov-on-Don, 344002, Russia ' Department "Finance and Credit", Voronezh State Agrarian University named after Emperor Peter the Great, Voronezh, 394087, Russia ' Department of Taxes and Taxation, Rostov State University of Economics, Rostov-on-Don, 344002, Russia ' Accounting Department, Rostov State University of Economics, Rostov-on-Don, 344002, Russia

Abstract: This paper seeks the goal of studying the international experience and the consequences of implementing tax instruments during the COVID-19 pandemic in 2020 and developing recommendations for optimisation of the national tax policy in Russia in 2021 and post-pandemic period. The originality of this paper consists in systemic consideration of tax instruments and thorough study of the consequences of their application for the state, business, and society. This allows for the full-scale evaluation of the consequences of implementing tax policy during the pandemic and offering complex recommendations for its optimisation. The novelty of this paper consists in consideration of special conditions of the COVID-19 pandemic and the specifics of the effect of the traditional tax instruments in non-standard conditions. The set of proposed recommendations for the optimisation of the consequences of implementing tax instruments for the Russian economy during a pandemic will reduce the rate of economic growth by 23.27%.

Keywords: aid for trade; international trade in global market; economic empowerment; manufacturing innovation; industrial innovation; inclusive innovation; intellectual machines; taxation; tax policy; tax instruments; Russian economy; pandemic.

DOI: 10.1504/IJTGM.2023.135616

International Journal of Trade and Global Markets, 2023 Vol.18 No.2/3, pp.242 - 253

Received: 31 Dec 2020
Accepted: 18 May 2021
Published online: 19 Dec 2023 *

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