Abstract
The paper proves that the Ukrainian economy’s systematic structural crises stipulated the necessity of choosing the effective forms of tax mechanism for its regulation. Systemic and institutional methods have been used to study the peculiarities of Ukrainian tax regulation. The methods of coefficient and relative values have been used to assess certain parameters of the tax burden. The dynamics of statistical data have been studied by the method of trend analysis. To determine the impact of the current tax system of Ukraine on economic growth, the authors tested several hypotheses about the dependence of the tax system and: GDP (1), industrial production (2), exports (3), investment dynamics (4), and unemployment rate (5) using econometric analysis with the package-statistical module EViews. The existence of a directly proportional relationship between the growth of tax revenues to the budget of Ukraine and the change of certain macroeconomic indicators is substantiated. It was found that the total tax burden on business in Ukraine reaches 41.5% of corporate profits, which exceeds similar indicators in most European countries. A tax regulation mechanism to stabilize the Ukrainian economy is proposed, in particular: proposals to revise tax rates, implement macroeconomic risk management tools, customs post-audit while providing transparency of tax legislation and its harmonization with the EU Customs Code, digitalization of the service component of tax administration.
Highlights
In recent years, the trends of Ukraine’s tax policy have acquired qualitatively new features: the processes of consistent tax liberalization have been suspended, the ratio between tax revenues to the budget has changed in favor of indirect taxes and social insurance taxes
Peculiarities of the expected reform of the tax sys- Systematic and institutional methods were used to tem in Japan, in particular, on the possible reduc- study the features of Ukrainian tax regulation, cotion of corporate income tax, were highlighted efficient, and relative values – in the assessment of in the scientific output of Choi, Hirata, and Kim individual defined parameters of the tax burden; (2017)
The US tax system, TB – tax burden by types of taxes; CTE – coeffi- focused on direct taxes, provides more than 30%
Summary
The trends of Ukraine’s tax policy have acquired qualitatively new features: the processes of consistent tax liberalization have been suspended, the ratio between tax revenues to the budget has changed in favor of indirect taxes and social insurance taxes. Insufficient tax regulation efficiency is due to institutional distortions both in the financial and other spheres of public life. Systematic structural crises of the Ukrainian economy outline new tasks for choosing effective forms of financial and budgetary mechanism for regulating expanded reproduction. Given that it is impossible to predict the quantitative consequences of intervention in redistributive processes unambiguously, and qualitative predictions give only a superficial idea of the real state of the updated fiscal model, the problem of choosing methods and tools of tax policy within the economic model of Ukraine arises.
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