Economic inequality in Russia: problems and ways of their solution

Long-term trends of inequality in leading countries of the world have been analysed. Country features of economic inequality development related to the socio-economic structure of the country and social mentality, which have a significant impact on the adjustment of the financial mechanism of redist...

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Main Author: M. L. Dorofeev
Format: Article
Language:English
Published: Publishing House of the State University of Management 2020-10-01
Series:Вестник университета
Subjects:
Online Access:https://vestnik.guu.ru/jour/article/view/2395
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author M. L. Dorofeev
author_facet M. L. Dorofeev
author_sort M. L. Dorofeev
collection DOAJ
description Long-term trends of inequality in leading countries of the world have been analysed. Country features of economic inequality development related to the socio-economic structure of the country and social mentality, which have a significant impact on the adjustment of the financial mechanism of redistribution of income and wealth, have been identified. The current income tax rates of 42 countries, including social insurance payments have been analysed. As a result, it has been concluded that Russia is one of the few countries with a lack ofprogressive income taxation system and very low tax rates. If our society really wants to create a strong economy similar to the European Union, China or the USA, then the first step, to introduce a progressive system of income taxation, planned in 2021 should be the basis for further accelerated implementation of an effective system of progressive taxation of income, wealth and inheritance in Russia.
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spelling doaj.art-e60d352913c94355ad79f9fe0f0da0832024-03-26T14:23:05ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152020-10-0109859310.26425/1816-4277-2020-9-85-931838Economic inequality in Russia: problems and ways of their solutionM. L. Dorofeev0Financial University under the Government of the Russian FederationLong-term trends of inequality in leading countries of the world have been analysed. Country features of economic inequality development related to the socio-economic structure of the country and social mentality, which have a significant impact on the adjustment of the financial mechanism of redistribution of income and wealth, have been identified. The current income tax rates of 42 countries, including social insurance payments have been analysed. As a result, it has been concluded that Russia is one of the few countries with a lack ofprogressive income taxation system and very low tax rates. If our society really wants to create a strong economy similar to the European Union, China or the USA, then the first step, to introduce a progressive system of income taxation, planned in 2021 should be the basis for further accelerated implementation of an effective system of progressive taxation of income, wealth and inheritance in Russia.https://vestnik.guu.ru/jour/article/view/2395economic growtheconomic inequalitygovernment regulationincome inequalitypovertyprogressive taxationtaxeswealth inequalitywelfare state
spellingShingle M. L. Dorofeev
Economic inequality in Russia: problems and ways of their solution
Вестник университета
economic growth
economic inequality
government regulation
income inequality
poverty
progressive taxation
taxes
wealth inequality
welfare state
title Economic inequality in Russia: problems and ways of their solution
title_full Economic inequality in Russia: problems and ways of their solution
title_fullStr Economic inequality in Russia: problems and ways of their solution
title_full_unstemmed Economic inequality in Russia: problems and ways of their solution
title_short Economic inequality in Russia: problems and ways of their solution
title_sort economic inequality in russia problems and ways of their solution
topic economic growth
economic inequality
government regulation
income inequality
poverty
progressive taxation
taxes
wealth inequality
welfare state
url https://vestnik.guu.ru/jour/article/view/2395
work_keys_str_mv AT mldorofeev economicinequalityinrussiaproblemsandwaysoftheirsolution