Russian Federation Country Study. A Public Finance Perspective

The Russian Republic provided 80 percent of the revenue to the USSR's budget.Russian Federation: Toward Medium-Term Viability.The Soviet Union's collapse in 1992 introduced radical changes into all aspects of Russian society.The role of governmental finance in post-Soviet society is no exception.Russia's tax system is an exercise in frustration for both Russians and foreigners.The Russian tax system is very complicated.But local governments will need revenue sources to finance the additional burden.Benefits, from Western perspective, are considered generous.Most Russian companies use domestic accounting practices developed to calculate tax levels.Western accountants say Russian accounting has limited use for business planning and investment.