REGULATORY FUNCTION OF TAXES

The first historical function of taxes was fiscal one, implying budget replenishment by fiscal revenues. However, as time passed, due to more complex interrelations among economic entities and between taxpayers and a state, the other tax functions have been allocated and one of the main functions is regulatory one. It is revealed commonly and influences the first occurring and existing socioeconomic processes in a state. At the same time, tax regulation is carried out, first of all, by providing benefits aimed at support for certain categories of taxpayers or at development of some economy spheres.