System of Taxation and Its Conceptual Foundations

The article is devoted to the identification of the features of formation and functioning of the taxation system. The emphasis is made on refining its differences from the tax system, on the functions they perform. Also, the study clarifies the problem of validity of the tax exemptions based on current budgets and strategic objectives, the combination of influential factors and feasibility of changes depending on the profitability of the economy and its development. Authors analyze and evaluate the gradual change in the tax practice in Russia. DOI: 10.5901/mjss.2015.v6n6s7p3