Iron Ore Use as a Potential of Sustainable Development of Industrial Regions of Ukraine: Aspects of Environmental Taxation

Larysa Hromozdova,Nelina Khamska,Carlo Adami,Nina Kukhar,Zoya Baranik,Adam Bodyuk,Uriy Makhortov

doi:10.1051/shsconf/202112601001

Abstract

The article investigates the resources potential of Ukraine, which is not used effectively enough for the needs of sustainable economic development of industrial regions. The article aims to identify ways to increase the eco-tax base in order to improve the budget support for sustainable development of the iron ore subsoil use and synergetic development of industrial regions of Ukraine. The normative-legal base of subsoil users' taxation is investigated. The necessity of ecological taxation is substantiated as the consequence of enterprise activity is actual environmental pollution. Applied innovations in the method of calculating the environmental tax are proposed. They consider the factor of ownership of natural resources and the discount change in their value over time, which will ultimately increase tax revenues to the budget. It is recommended to introduce the author's approach in the methods of calculating the environmental tax in the field of iron ore subsoil use, which synergistically affects the development of industrial regions of Ukraine. It is justified that the COVID - crisis is a heavy burden on local and state budgets. Therefore, it is necessary to further optimize the system of environmental taxation in order to increase environmental contributions to the budget.

Highlights

1 Introduction In Ukraine, state activity in solving the problems of subsoil use is legalized by regulations, notably the National Program for the Development of Mineral Resources of Ukraine for the period up to 2030 (Law No 3268-VI of 21.04.2011)
Sustainable development of Ukraine's industrial regions is a potential for economic growth and security of the state
The iron ore economy represents a powerful potential for sustainable development of the industrial regions of Ukraine and the country's economic development as a whole

Summary

Introduction

In Ukraine, state activity in solving the problems of subsoil use is legalized by regulations, notably the National Program for the Development of Mineral Resources of Ukraine for the period up to 2030 (Law No 3268-VI of 21.04.2011). This state document is valid until 2030, so its provisions are relevant for solving mining problems. The following document is the Subsoil Code of Ukraine, which is reflected in the Law of Ukraine of July 27, 1994, No 132/94-ВР (latest version No 1423-IX of 28.04.2021) This Law defines the essence of economic activity of users of subsoil resources, their relations with state bodies. The purpose of environmental taxation is to preserve the health of the nation

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