Taxation of Small and Medium-Sized Businesses and the Development of the Russian Economy

The subject of the study is the state of small and medium—sized businesses in the context of the current need for fair taxation. The purpose of the work is to reveal the essence and regional peculiarities of taxation of small and medium-sized businesses in order to identify through the use of risk-based approaches to establishing possible reserves for the growth of the Russian economy. The characteristics of small and medium-sized businesses and the types of taxation systems they use are analyzed. The volumes of collected tax payments, benefits provided, and added value created in the regions of activity of small and medi-um-sized businesses are compared. The reserves of economic growth are pre-sented, taking into account the national program goals for the development of small and medium-sized businesses and regional preferences. The essence of taxation of small and medium-sized businesses in modern conditions of eco-nomic development and the expected consequences of business tax reform are determined. It is concluded that it is necessary to ensure the sustainable and high-quality development of small and medium-sized businesses and the pay-back of tax preferences provided to them through value addition, productivity growth, ensuring average sales income per employee and extending the period of entrepreneurial and investment activity. Keywords: small and medium-sized businesses; small and medium-sized enter-prises; taxation; government regulation; value added.