This article reveals the essence and significance of taxation in the Russian Federation. Undoubtedly, the topic of scientific research is very relevant even in the era of modern society, since it is taxes that act as the main source of income for any state. After all, the sustainable development of the economy of any country, as well as the general well-being of the population and existing institutions, depend on an effectively developed tax policy. In addition, in the course of writing this research paper, we studied the main functions of taxation, including: fiscal, regulatory, distribution, control, social, each of which is responsible for certain actions. We also identified the main problems in the field of taxation, as well as prospects for their elimination. In our opinion, without proper provision of state control and supervision, there can be no talk of an effectively functioning tax policy. In this regard, there are many problems in the taxation system of the Russian Federation that require solutions in order to achieve favorable investment attractiveness and increase the level of entrepreneurial responsibility. Thus, we can conclude that the primary goal of having a tax system for any state is to provide itself with financial resources in order to achieve key functions — maintaining security, public administration, developing the social and economic environment.
Avdeeva et al. (Wed,) studied this question.