Abstract
The condition of the effective development of agricultural enterprises in Ukraine is to increase the efficiency of using resource potential. At the same time, it is necessary to take into account the main factors of the development, including the tax burden on the industry. Therefore, it is important to study the impact of the tax burden on the economic performance of the agricultural enterprises. The article deals with the improvement of the traditional two-factor production function of the Cobb-Douglas through the inclusion of the additional factors. The four-factorial production-institutional function of agricultural enterprises in Ukraine has been constructed allowing to calculate econometric parameters and to evaluate the functioning of the industry. The patterns of the interaction of tax burden and economic growth agricultural enterprises in Ukraine are revealed. The calculated econometric parameters of the functioning of agricultural enterprises in Ukraine made it possible to determine the tax loadings points Laffer's of the first and second orders, the productivity of each factor, and the phased replacement of one factor to another. It has been proved that optimizing the tax burden on agricultural enterprises makes it possible to direct the resource potential to increase the agricultural volumes production and increase tax revenues from the industry.
Highlights
This article is devoted to the study of the impact of the various taxes on the economic development of Ukrainian agricultural enterprises and the identification of promising growth directions based on the optimization of the tax burden
One of the foundations of the theory of supply-side economics is the Laffer curve, which provides theoretical and methodological material for forecasting and estimating an optimal tax burden that will result in an increase in tax revenues with simultaneous industry economic growth (Laffer, 2010)
It is relevant to study the impact of the tax burden on the economic performance of agricultural enterprises in Ukraine and to find and justify an optimal tax burden that will both ensure sufficient tax revenues and create conditions for the economic growth of the industry
Summary
In Investigation of the tax load on the economic development of domestic agricultural enterprises is a priority. An essential condition for the effective development of agricultural enterprises in Ukraine and the growth of agricultural production is increasing resource efficiency, including the efficiency of potential resources. It is crucial to apply macroeconomic incentives, one of which is the optimal tax load In this context, one of the foundations of the theory of supply-side economics is the Laffer curve, which provides theoretical and methodological material for forecasting and estimating an optimal tax burden that will result in an increase in tax revenues with simultaneous industry economic growth (Laffer, 2010). It is relevant to study the impact of the tax burden on the economic performance of agricultural enterprises in Ukraine and to find and justify an optimal tax burden that will both ensure sufficient tax revenues and create conditions for the economic growth of the industry
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