Problems of tax risk assessment and management

Abstract

Subject. The article addresses the issues of analysis and management of tax risks. Objectives. The purpose is to show the significance of certain methods for tax risk assessment, identify problems in tax risk management, propose measures to improve the management process. Methods. The study employs methods of induction, deduction, structural analysis, synthesis, comparison, schematic representation of relationships, statistical and economic, computational and constructive techniques. Results. The paper reveals that tax budgets are often non-realistic. There are no methods for qualitative and quantitative assessment of tax risks, regulatory support in the field of tax risk monitoring. Conclusions. The described stages of government’s tax risk management are interconnected. It is important to apply modern methods in tax budget preparation, to develop methods for quantitative and qualitative assessment of tax risks, to strengthen the monitoring of tax risks through designing an algorithm of its implementation.