Evaluation of tax regulation effectiveness of shadow economy in Ukraine
Current trends in the socio-economic development of the economy indicate the need to find new mechanisms for increasing revenues to the state budget, also by minimizing illegal financial flows. The paper investigates the essence and features of the tax regulation of illegal withdrawal of funds. The...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Zhytomyr State Technological University
2018-12-01
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| Series: | Vìsnik Žitomirsʹkogo Deržavnogo Tehnologìčnogo Unìversitetu: Ekonomìčnì Nauki |
| Subjects: | |
| Online Access: | http://ven.ztu.edu.ua/article/view/154052/153709 |
| _version_ | 1818211329330118656 |
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| author | I.V. Tiutiunyk Ia.V. Kobushko |
| author_facet | I.V. Tiutiunyk Ia.V. Kobushko |
| author_sort | I.V. Tiutiunyk |
| collection | DOAJ |
| description | Current trends in the socio-economic development of the economy indicate the need to find new mechanisms for increasing revenues to the state budget, also by minimizing illegal financial flows. The paper investigates the essence and features of the tax regulation of illegal withdrawal of funds. The main directions of the influence of the state tax policy on the behavior of economic entities are identified. Based on the analysis of trends in the volume of tax burden, shadowing the economy and GDP, the conclusion about the inverse relationship between the economy shadowing level and the amount of taxes and fees is made. By comparing the current tax system of Ukraine with other countries of the world, its main advantages and disadvantages in the context of de-shadowing the economy are identified. The main trends of changes in the level of corruption in the country are considered as one of the determining factors in building the effective system of state regulation and control over the completeness and timeliness of meeting tax obligations to the budget. It is concluded that it would be expedient to revise the existing tax system in the country both in terms of simplifying the procedure for calculating and paying taxes, and reducing the tax burden on taxpayers. |
| first_indexed | 2024-12-12T05:30:46Z |
| format | Article |
| id | doaj.art-22414a41a9d64168b8e92303f62418e5 |
| institution | Directory Open Access Journal |
| issn | 1728-4236 1728-4236 |
| language | English |
| last_indexed | 2024-12-12T05:30:46Z |
| publishDate | 2018-12-01 |
| publisher | Zhytomyr State Technological University |
| record_format | Article |
| series | Vìsnik Žitomirsʹkogo Deržavnogo Tehnologìčnogo Unìversitetu: Ekonomìčnì Nauki |
| spelling | doaj.art-22414a41a9d64168b8e92303f62418e52022-12-22T00:36:20ZengZhytomyr State Technological UniversityVìsnik Žitomirsʹkogo Deržavnogo Tehnologìčnogo Unìversitetu: Ekonomìčnì Nauki1728-42361728-42362018-12-0148611111610.26642/jen-2018-4(86)-111-116Evaluation of tax regulation effectiveness of shadow economy in UkraineI.V. TiutiunykIa.V. KobushkoCurrent trends in the socio-economic development of the economy indicate the need to find new mechanisms for increasing revenues to the state budget, also by minimizing illegal financial flows. The paper investigates the essence and features of the tax regulation of illegal withdrawal of funds. The main directions of the influence of the state tax policy on the behavior of economic entities are identified. Based on the analysis of trends in the volume of tax burden, shadowing the economy and GDP, the conclusion about the inverse relationship between the economy shadowing level and the amount of taxes and fees is made. By comparing the current tax system of Ukraine with other countries of the world, its main advantages and disadvantages in the context of de-shadowing the economy are identified. The main trends of changes in the level of corruption in the country are considered as one of the determining factors in building the effective system of state regulation and control over the completeness and timeliness of meeting tax obligations to the budget. It is concluded that it would be expedient to revise the existing tax system in the country both in terms of simplifying the procedure for calculating and paying taxes, and reducing the tax burden on taxpayers.http://ven.ztu.edu.ua/article/view/154052/153709shadowing the economytax burdengovernment regulationtaxes and feescorruption |
| spellingShingle | I.V. Tiutiunyk Ia.V. Kobushko Evaluation of tax regulation effectiveness of shadow economy in Ukraine Vìsnik Žitomirsʹkogo Deržavnogo Tehnologìčnogo Unìversitetu: Ekonomìčnì Nauki shadowing the economy tax burden government regulation taxes and fees corruption |
| title | Evaluation of tax regulation effectiveness of shadow economy in Ukraine |
| title_full | Evaluation of tax regulation effectiveness of shadow economy in Ukraine |
| title_fullStr | Evaluation of tax regulation effectiveness of shadow economy in Ukraine |
| title_full_unstemmed | Evaluation of tax regulation effectiveness of shadow economy in Ukraine |
| title_short | Evaluation of tax regulation effectiveness of shadow economy in Ukraine |
| title_sort | evaluation of tax regulation effectiveness of shadow economy in ukraine |
| topic | shadowing the economy tax burden government regulation taxes and fees corruption |
| url | http://ven.ztu.edu.ua/article/view/154052/153709 |
| work_keys_str_mv | AT ivtiutiunyk evaluationoftaxregulationeffectivenessofshadoweconomyinukraine AT iavkobushko evaluationoftaxregulationeffectivenessofshadoweconomyinukraine |