Certain aspects of taxation of transactions with government securities

Abstract

Importance: study of individual features of taxation in relation to transactions with government securities. Purpose: consideration of key aspects of taxation of transactions with government securities, consisting in understanding innovations that are critical for competent planning of investment strategy and minimization of tax risks. Research design: the essential nuances of the Russian securities market as the most important financial institution are studied. Priority is given to identifying significant aspects, such as providing tax benefits, effective management of public debt and ensuring stable financing of public revenues to the financial instruments under study. The practical significance of the developed theoretical tools lies in their versatility and applicability for studying and reducing tax risks for a special type of financial instruments, which are debt obligations and are issued directly by government agencies, including central and local authorities. Results: the role and features of taxation of transactions with government and municipal securities are revealed, postulating that studying the securities market in Russia is critically important for managing risks associated with volatility, inflation and geopolitical factors. The article presents a classification of types of government securities from the point of view of ensuring long-term financing of budget deficits at various levels and eliminating temporary gaps between budget revenues and expenditures in the event of a shortage of tax revenues. An assessment of tax innovations critical for competent planning of investment strategy and minimization of tax risks is made. Problems and prospects for overcoming them in the field of taxation of transactions with securities are highlighted.