Evaluation of methodological approaches to tax planning at the regional level
Subject. The article addresses tax planning at the regional level. Objectives. The purpose is to show the importance of the issue and identify problems related to tax planning, assess economic and statistical methods for tax revenue planning at the regional level. Methods. The study employs the least squares and exponential smoothing methods. Results. We analyzed certain indicators of social and economic development of the region, defined the tax potential and determined the amount of taxes and fees that are to be paid directly to the regional budget. Conclusions. We offer to include the following in the formula of the least squares method: an inflation factor, indicator reflecting the additional volume of tax revenues as a result of changes in legislation, additional revenues due to an increase in the profits of major taxpayers. The findings may be useful for the Ministry of Economic Development of regions and the Federal Tax Service to formulate the concept of economic development, tax policy, and projected tax revenues to the consolidated budget.