THE IMPACT OF THE TAX LANDSCAPE OF THE COUNTRY ON THE TAX PLANNING OF TNCs UNDER THE BEPS PROJECT
The article notes that in the context of globalization, multinational corporations exert an increasing influence on the economies of their home countries, host countries, and the overall state of international economic relations. The authors underline that tax planning is one of the TNC activities t...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universytet imeni Alfreda Nobelya
2024-01-01
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| Series: | Akademičnij Oglâd |
| Subjects: | |
| Online Access: | https://acadrev.duan.edu.ua/images/PDF/2024/1/8.pdf |
| _version_ | 1827396959973933056 |
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| author | Yaroslava Hlushchenko Olena Korohodova, Natalya Chernenko Kateryna Moskvychova |
| author_facet | Yaroslava Hlushchenko Olena Korohodova, Natalya Chernenko Kateryna Moskvychova |
| author_sort | Yaroslava Hlushchenko |
| collection | DOAJ |
| description | The article notes that in the context of globalization, multinational corporations exert an increasing influence on the economies of their home countries, host countries, and the overall state of international economic relations. The authors underline that tax planning is one of the TNC activities that
grabs attention of the global public in terms of both its favorable and unfavorable effects. The article
offers its own definition of the term «tax landscape», in which, unlike the existing ones, vertical, horizontal and temporal aspects are distinguished. The vertical aspect is presented as a synthesis of the supranational level of taxation and the national one; horizontal, as a system of tax rules and laws within a
separate state; temporal, as a change in the main elements of taxation over time. It has been proven that
at the current stage of formation of tax landscapes to characterize the supranational level, it is necessary
to take into account the elements of taxation defined as part of the implementation of the international
BEPS project: the global minimum tax, tax rates for surplus profits, and surplus profits as an object of
taxation. The authors have been able to divide the studied countries into three groups depending on the
level of direct taxation: high (United States, Canada and Australia), moderate (Great Britain, France,
Italy, India, Germany and Switzerland), and low (China and Saudi Arabia). The first group (the United
States) and the second group (the United Kingdom, Germany, France, Switzerland, and Italy) have
been found to have the greatest tax losses as a result of «tax havens.» The level of direct taxation (profit
and capital) in the countries of registration and countries of digital presence, the volatility of tax legislation, and compliance with the conditions of tax justice have been proposed as factors of the tax landscape to be taken into account by transnational corporations when developing tax planning strategies. |
| first_indexed | 2024-03-08T19:00:16Z |
| format | Article |
| id | doaj.art-d4a125db550c4c8a80dffacb5946ff87 |
| institution | Directory Open Access Journal |
| issn | 2074-5354 2522-9745 |
| language | English |
| last_indexed | 2024-03-08T19:00:16Z |
| publishDate | 2024-01-01 |
| publisher | Universytet imeni Alfreda Nobelya |
| record_format | Article |
| series | Akademičnij Oglâd |
| spelling | doaj.art-d4a125db550c4c8a80dffacb5946ff872023-12-28T05:59:52ZengUniversytet imeni Alfreda NobelyaAkademičnij Oglâd2074-53542522-97452024-01-011609310410.32342/2074-5354-2024-1-60-7THE IMPACT OF THE TAX LANDSCAPE OF THE COUNTRY ON THE TAX PLANNING OF TNCs UNDER THE BEPS PROJECTYaroslava Hlushchenko0Olena Korohodova,1Natalya Chernenko2Kateryna Moskvychova3National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”The article notes that in the context of globalization, multinational corporations exert an increasing influence on the economies of their home countries, host countries, and the overall state of international economic relations. The authors underline that tax planning is one of the TNC activities that grabs attention of the global public in terms of both its favorable and unfavorable effects. The article offers its own definition of the term «tax landscape», in which, unlike the existing ones, vertical, horizontal and temporal aspects are distinguished. The vertical aspect is presented as a synthesis of the supranational level of taxation and the national one; horizontal, as a system of tax rules and laws within a separate state; temporal, as a change in the main elements of taxation over time. It has been proven that at the current stage of formation of tax landscapes to characterize the supranational level, it is necessary to take into account the elements of taxation defined as part of the implementation of the international BEPS project: the global minimum tax, tax rates for surplus profits, and surplus profits as an object of taxation. The authors have been able to divide the studied countries into three groups depending on the level of direct taxation: high (United States, Canada and Australia), moderate (Great Britain, France, Italy, India, Germany and Switzerland), and low (China and Saudi Arabia). The first group (the United States) and the second group (the United Kingdom, Germany, France, Switzerland, and Italy) have been found to have the greatest tax losses as a result of «tax havens.» The level of direct taxation (profit and capital) in the countries of registration and countries of digital presence, the volatility of tax legislation, and compliance with the conditions of tax justice have been proposed as factors of the tax landscape to be taken into account by transnational corporations when developing tax planning strategies.https://acadrev.duan.edu.ua/images/PDF/2024/1/8.pdftnctax planningtax landscape of the countrycorporate taxdigitalization |
| spellingShingle | Yaroslava Hlushchenko Olena Korohodova, Natalya Chernenko Kateryna Moskvychova THE IMPACT OF THE TAX LANDSCAPE OF THE COUNTRY ON THE TAX PLANNING OF TNCs UNDER THE BEPS PROJECT Akademičnij Oglâd tnc tax planning tax landscape of the country corporate tax digitalization |
| title | THE IMPACT OF THE TAX LANDSCAPE OF THE COUNTRY ON THE TAX PLANNING OF TNCs UNDER THE BEPS PROJECT |
| title_full | THE IMPACT OF THE TAX LANDSCAPE OF THE COUNTRY ON THE TAX PLANNING OF TNCs UNDER THE BEPS PROJECT |
| title_fullStr | THE IMPACT OF THE TAX LANDSCAPE OF THE COUNTRY ON THE TAX PLANNING OF TNCs UNDER THE BEPS PROJECT |
| title_full_unstemmed | THE IMPACT OF THE TAX LANDSCAPE OF THE COUNTRY ON THE TAX PLANNING OF TNCs UNDER THE BEPS PROJECT |
| title_short | THE IMPACT OF THE TAX LANDSCAPE OF THE COUNTRY ON THE TAX PLANNING OF TNCs UNDER THE BEPS PROJECT |
| title_sort | impact of the tax landscape of the country on the tax planning of tncs under the beps project |
| topic | tnc tax planning tax landscape of the country corporate tax digitalization |
| url | https://acadrev.duan.edu.ua/images/PDF/2024/1/8.pdf |
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