Environmental taxation impact on the development of Ukrainian mining industry

Abstract

The article reveals the main directions of influence of environmental taxation of enterprises in the mining industry. Using the correlation matrix, the relationship between resource taxation and financial indicators of their activity, as well as indicators of pollution and financing of protection by companies in the mining sector is determined. A complex of one-factor regression models was built to assess the impact of environmental taxes on the development of the mining industry. It is proposed to implement in Ukraine certain tax stimulating tools that are the most successful in the EU countries, so that environmental taxes stimulate investment and innovation activities in the field of environmental protection. The purpose of the article is to investigate the main areas of positive and negative impact of resource taxation on companies in the mining sector, as well as search for ways to improve environmental taxation, based on the experience of foreign countries. As a result of the conducted research by the methods of regression analysis, the impact of resource taxation on certain indicators of the mining activity in Ukraine was established. The obtained results indicate that the environmental tax is quite limited and has no potential to influence the analyzed indicators, instead, the rent fee has a good impact potential. Thus, the practical significance of the conducted research concerns to the development of recommendations regarding the mechanism of resource taxation the introduction of relevant tax incentive tools in Ukraine. These and many other measures will contribute to environmental taxes stimulating investment and innovation activities in the field of environmental protection. By the way, they are a means and a method for solving the problem of redistribution of funds in the direction of increasing the financing of programs aimed at rational use of nature and preservation of the quality of the natural environment.