THE ROLE OF TAX SYSTEM IN TRANSITION ECONOMIES: THE RUSSIAN AND CHINESE EXPERIENCE

The impact of tax system and tax reforms on economic transition process is examined in the present article. The author compares process of transition from socialist economy to market system in Russia and China, as well as analyzes the role of tax reforms in these countries. The article proves that tax reform in China has become one of prerequisites of successful market economy creation and acceleration in economic growth in the country, while in Russia the tax system more likely became one of the barriers for transition to the market.