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The article examines the essence of tax risks, based on the international experience of various countries. Undoubtedly, the topic of our research is quite relevant at the present stage of the development of economic relations. After all, as we see it, the role of taxes is very significant for any state, since taxes act as the main source of state budget replenishment of practically any country. But at the same time, there are many dishonest taxpayers who try to avoid tax payments as much as possible, using various tools to optimize the burden of taxation, including illegal ones. In addition, during the research we identified the main zones of tax risk for identifying dishonest taxpayers in various foreign countries. [ABSTRACT FROM AUTHOR]

Copyright of Crónica Tributaria is the property of Instituto de Estudios Fiscales, Ministerio de Hacienda y Funcion Publica and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The primary aim of this study is to examine the moderating effect of corporate tax risks on the relationship between tax savings and firm value. A quantitative approach is utilized in this study. A total of 1813 firm-year observations from companies listed on the Indonesia Stock Exchange (IDX) from 2012 to 2017 comprise the sample. This study concludes that there is no moderating effect of tax risks on the relationship between tax savings and company value. This study emphasizes the importance of effective tax risk management for corporations in order to prevent investors from decreasing their evaluation of the organization’s tax-saving endeavors. Further discussion will follow regarding the anticipated practical implications of this study for investors, tax authorities, and company management.

The article discusses the key issues of internal control measures when choosing a counterparty during the formation of an innovative economy. The purpose of the study is to develop indicators characterizing the counterparty, as well as an innovative risk matrix used when choosing a counterparty and allowing to identify risks and visually represent the characteristics of the counterparty. To achieve this goal of the article, the following tasks were solved: indicators of economic stability and information support used when choosing a counterparty were proposed; An innovative risk matrix and risk assessment criteria have been developed that allow the organization to objectively assess the counterparty and conclude contracts on the principles of economic validity, reliability and integrity, significantly reducing economic risks. As a result of the conducted research, innovative methods of assessing the counterparty are proposed, which provide an opportunity to obtain its objective characteristics before concluding a business agreement, as well as to rank tax risks. The article uses the methods of a systematic approach, analysis and synthesis, as well as the method of expert assessments.

The article studies problematic issues of tax security as a part of the organization’s economic security. Successful operation of a company depends on tax compliance, correct definition of the tax function, and timely identification of tax risks. The purpose of the research is to justify the role of tax security as one of the key parts of the organization’s economic security. The approaches to minimizing the tax risks of companies have been analyzed. The arbitration practice, letters from the Federal Tax Service of Russia, and various interactive services that allow taxpayers to conduct economic analysis have been reviewed. The main problems that may arise for organizations in building the tax security system have been highlighted and the possible ways of solving it defined. The article concludes that it is necessary to approve the organization’s tax risk of management regulations and comprehensive diagnostics of the internal tax control system for the taxpayers who do not apply tax monitoring. The results obtained can be used in the formation of regulations on the organization’s tax planning, improving the provisions of the orders of the Federal Tax Service of Russia on the requirements for organization of internal tax control system for the taxpayers who do not apply tax monitoring.

In the article, the author considers a set of problems associated with the unsatisfactory efficiency of tax monitoring as a form of tax control. A critical analysis of the essence, content and results of the implementation of tax monitoring is presented, which is distinguished by a risk-based approach to conducting control procedures, the active use of digital technologies and the information openness of the system participants. The objectives of the study included assessing the results of tax monitoring already achieved and reviewing the practice of implementing similar forms of tax monitoring (observation) abroad. The study revealed the low efficiency of tax monitoring procedures in the system of tax control measures in foreign countries and the lack of relevant data indicating the effectiveness of tax monitoring in Russia. The conclusion about the need for a balanced and prudent approach to the further development of tax monitoring systems is made and the need for an additional study of the tax behavior of business entities is substantiated.

Copyright of Journal of Economics & Finance (2437-0630) is the property of Association of Arab Universities and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The article is focused on a relevant issue of minimizing tax risks in companies with complex structures (holdings, groups of companies). There is a view offered on various situations where such risks are not impossible, and there are also ideas expressed on how to eliminate such issues; besides the author also offers some ideas concerning reduction of tax risks.

The scientific research is devoted to the development of methodological proposals for assessing the effectiveness of tax revenues of the countries of Eastern Europe through the system of economic indicators, the presentation of measures of the regulatory impact of increasing tax revenues in the future and strengthening the economic security of the countries. The methodological basis of the study is a comprehensive approach, thanks to which the tasks and tools of the regulatory policy are established through the prism of the components of tax security of Eastern European countries. The methodological toolkit for assessing the effectiveness of tax revenues in the system of regulatory policy in the direction of guaranteeing the economic security of the state provided for the following stages: collection of economic data, selection of analysis indicators, assessment methods and determination of the system of stimulating and destructive factors influencing the volume of tax payments. Having carried out the analysis, the author's vision of priority tasks and tools of regulatory influence on tax revenues with the aim of increasing the level of economic security of Eastern European countries is presented. [ABSTRACT FROM AUTHOR]

The role of tax administration in maximizing budget revenues at different levels is described. A significant proportion of tax payments consists of the settlement of arrears, as well as fines and penalties. These may be due to accountants' errors or to deliberate tax evasion. The present work emphasizes the mutual interest of tax payers and tax collectors in tools for tax planning that balance an acceptable tax burden for businesses with an appropriate fiscal income for the state. [ABSTRACT FROM AUTHOR]

The issue of “business fragmentation” has been relevant in Russia for over ten years. Business striving to ensure competitiveness makes it necessary to look for mechanisms to reduce the tax burden, applying special tax regimes or preferential tax conditions for residents of territories with special economic status. In this paper, the authors analyze the theoretical prerequisites for substantiating the signs of “business fragmentation,” and study the scope of application of “business fragmentation” schemes within the framework of preferential tax conditions for territories with special economic status in the Far East. The basic research methods were content analysis, comparative analysis and synthesis. As a result of the content analysis of judicial practice, the criteria for business fragmentation, confirming the formal division of a business, were substantiated. The authors carried out a comparative analysis of resident companies and identified, based on open data, 159 residents of priority social and economic development areas (PSEDAs) and 625 residents of the Free Port of Vladivostok (FPV) with signs of “business fragmentation.” Those amounted to 28.49 % and 29.48 % in the total number of active residents, respectively. Vladivostok is the leader in terms of the number of residents with signs of “business fragmentation,” with 443 residents of the FPV. The most common signs of “business fragmentation” among resident companies in territories with a special economic status of the Far East are substantiated: common persons managing companies, common or identical type of activity, and common address of location. Common types of activity among resident companies with signs of “business fragmentation” within territories with special economic status of the Far East are warehousing and auxiliary transport (15 % of PSEDA; 12.3 % of the FPV); construction of buildings (16.5 % of the FPV); and operations with real estate (14 % of the FPV).

The article summarizes a domestic and international risk management practice in the tax management system of the taxpayer. The classification and conceptual tax risks basis are revealed: subject – the subject of economic activity which makes the decision on a choice of taxation system and provides its realization; object – the object of taxation in accordance with current tax legislation; source of risk – phenomena or processes that occur in uncertainty conditions. The main risk factors that affect tax management effectiveness of the taxpayer in today's business environment are presented. Based on the scientific and practical research study of domestic and foreign scientists and practitioners, the tax risks classification is systematized, which are the primary objects of management, such as identification, assessment, prevention of risk and control of their negative consequences. Approaches to both probabilistic and cost risk assessment in five main tax risk areas of domestic enterprises are proposed, namely: risk-free, minimal risk, high risk, critical risk, unacceptable (catastrophic) risk. To assess risk management effectiveness, the authors substantiate an implementing feasibility the FATF Recommendation on a riskbased approach using a specific results hierarchy within four possible performance ratings. Alternatively, cost assessment indicators for tax risks regulated by domestic regulations are proposed. On the basis of sociological research generalization (respondents of which were public joint-stock companies of Rivne region) priorities of practical application of methods about tax risks neutralization are defined, among them: reduction of probability and possible losses volumes connected with tax risk, tax risks prevention, evasion associated with risk, risks diversification and others. It is substantiated that the modern tax risk management system in Ukraine should provide a number of key elements at both the state level and directly for the taxpayer, including: activities for tax risk management organization; tax risks identification and assessment; identification of factors that determine tax risks; establishing the maximum allowable tax risks level; forecasting possible financial losses from tax risks; selection and application of effective methods neutralization for tax risks. Proposals, alternatives, calculations of modern risk-oriented management system formation for tax payments will allow ensuring a rational production resources use, which is an important factor in tax management effectivenes [ABSTRACT FROM AUTHOR]

Actual problems of modernization of tax control have been considered and proposals aimed at the development of tax administration in the context of digitalization of the economy have been formed. The risks of using big data in the tax sphere have been determined, the conclusion about the need for state regulation of the use of Big Data technology has been made. The purpose of the article is to substantiate the key areas of tax control modernization through the use of modern digital technologies, as well as to develop practical proposals for their implementation. Methods of system approach, analysis and synthesis, as well as abstraction and generalization have been used. It has been concluded about the need to develop legislation in the field of digitalization of the economy, state regulation of the use of big data technology, ensuring reliable database security and protection ofprivacy, as well as the creation of software for identifying transactions.

Copyright of Crónica Tributaria is the property of Instituto de Estudios Fiscales, Ministerio de Hacienda y Funcion Publica and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Scientific Proceedings of Ostroh Academy National University Series, Economics is the property of National University of Ostroh Academy and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista Espacios is the property of Talleres de Impresos Oma and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Introduction, Purpose. Economic crisis and an aggravation of a political situation make economists consider the matters of business management improvement in interrelation with such categories as “economic security”, “tax security”. However, most theoretical and methodological issues researched belong to macro levels (the state, the region). Problems of managing security of an entity are less studied. Still problematic remain such issues as uniformity and consistency of terminology and the choice of effective tools. Practical recommendations aren’t fully adapted to specific objectives and functions of management. The purpose of the article is to substantiate and develop recommendations on methodological support of tax security control within the system of internal control of an organization using risk-focused approach. The objectives of the study are the following: to expand the subject area of internal control to ensure the security of business and its sustainable development; to make the critical analysis of various points of view; to justify the authors’ understanding of the essence of tax security; to define goals and objectives of managing tax risks in the system of internal control. Methods. Problems of assessment of sustainable development of the organization and tax risks management have specified the methodological approaches to the research which are based on the analysis of provisions of legislative, legal and normative acts in audit and control, academic papers of domestic and foreign authors. Systems and risk-focused approaches, techniques of comparative analysis, synthesis, induction form the basis for the theoretical conclusions and practical recommendations on internal control. Results. The article provides the authors’ understanding of such categories as “economic security” and “tax security”. The objectives of the system of internal control (ICS) ensuring tax security are formulated. The authors develop the recommendations on how to assess the efficiency of ICS of an organization in decreasing the consequences of tax risks impact. Discussion. The results of a research can be used for further development of theoretical provisions of audit and financial control as areas of scientific knowledge, for making the practical recommendations covering a wide range of unresolved problems, in particular, on the choice of criteria and indicators of tax security, creation of the models adapted to various organizational forms of business, industries, etc.

The article examines the role and the peculiarities of conducting the financial analysis for taxation purposes. It determines the objects, the tasks of the financial analysis for taxation purposes and proposes the principal stages of its realization: to assess the influence of external factors, to learn the dynamics of tax payments, to assess tax risks, to study the levels of tax load, and to analyze the alternative variants of accounting policy elements. The authors tested the proposed the methods of the financial analysis for taxation purposes at one of the researching enterprises of Ukraine. The paper introduces the concept of “tax risk” where the present study means the probability to pay unplanned expenditures by a taxpayer in the future in a case if this taxpayer does not follow the tax legislation. The authors develop the principal stages for conducting the assessment of tax risks concerning profit tax charges and payment: to determine the types of tax risks; to rank and assess the tax risk levels. To assess tax risks the researchers propose the scale for the assessment of tax risk inception probability and apply the following indices of mathematical statistics: the mathematical expectancy of random value, the average quadratic error of random value, and the coefficient of variation, which are calculated on the basis of the enterprise’s statistical data for a definite preceding period.

The problems of managing the tax risks of organizations and substantiates the need for the development of legislation in this area are analyzed in the article. The main issues and mechanisms of counterparty checking as a tool for managing tax risks including in special information systems are considered. It is proposed to modernize the electronic service of the Federal Tax Service of Russia, create a full and free verification resource for the reliability of counterparties which can become an analogue to existing paid programs. The service should contain a wide range of information which allows to confirm the fact of due diligence by the taxpayer.

Copyright of Revista Espacios is the property of Talleres de Impresos Oma and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The article makes a theoretical understanding of the essence of tax risks and their practical role in the tax system of relations. The relevance of this kind of research is caused by the need to address the economic, financial and legal nature of tax risk.Due to the urgency in the study set a goal - to analyze the possibility of minimizing tax risks and prevent their negative consequences.The goal made it necessary in dealing with the serial number of problems, namely:• Consider diff erent perspectives on the concept of "risk";• To analyze the concept of "fiscal risk" and the possible negative consequences of tax risks in relation to the taxpayer;• Provide tax risk classification on the following criteria: on the subjects, their bearing; on the occurrence of sources; on the occurrence of factors, and make their grouping: largest possible losses; by type upcoming consequences.The solution of the latter problem will improve the understanding of the essence and nature of manifestations of tax risks.The study is based on the application of theoretical and empirical approach to tax risks, which allows participants to tax relations assess tax risks, to take measures to prevent or minimize signifi cant.The result of the study was a detailed analysis of the "undue benefit" category as one of the tax risks; as well as an attempt to systematize risk for reasons of his presence indicators, based on which recommendations on the need for enterprises organizational protection structures are given in the form of tax administration services (for large enterprises) or the use of a specialist (consultant) on taxation (for small and medium enterprises ), directly subordinate to the CFO, while the performance of their tax accounting functions.The outcome of the study was the conclusion of a possible mechanism for reducing the tax risk, which consists in the implementation of eff ective technology of internal fiscal control and to ensure eff ective measures of adequate protection in the event of confl ict with the tax authorities and tax inspectorate.

The article deals with the features of foreign experience of support of large taxpayers considering its actuality for Ukraine in terms of harmonization of relations between fiscal authorities and taxpayers. The key characteristics of the models of functioning of large taxpayers’ units in Australia, Great Britain, Norway and the Netherlands are identified.The attention is focused on the application of risk-based approach to servicing large taxpayers in the Australian Taxation Office. The activities of the Large Business directorate in the UK and the preconditions of its effectiveness are clarified. The horizontal monitoring peculiarities of large taxpayers in the Netherlands are revealed. The advantages of implementing an enhanced dialogue with large taxpayers and the need for introduction of risk-based methods to supporting large taxpayers in Ukraine are substantiated.

The article substantiates the relevance of the study to ensure security of the state tax. Scientists studied different approaches to defining the essence of the concept of "security tax" on the key features that would satisfy the interests of all subjects of tax relations and the necessity of legal consolidation of this concept. Analyzed the economic, social and legal nature of the existence of the security tax, identified key indicators of fiscal security of Ukraine. To determine the effectiveness of the tax administration in the interests of the tax security highlights the main threats, tax security risks caused by external and internal factors, and propose measures for their elimination and prevent the possibility of their occurrence. The stages of tax risk management with effective building security tax, designed structurally-logic of the tax risk management security.

Tax liability planning is vital for industrial enterprises to reduce their tax burden and thus reduce expenses of the organization for a certain period. Industrial enterprises are among main taxpayers in the Russian Federation, and recommendations given in the article on topical issues related to planning of tax obligations will help top managers of the enterprises to avoid unnecessary financial losses and to ensure further growth and development of their organizations. Attention is focused on specifics of the industrial enterprises’ activities under present conditions due to the nature and particular features of their operation.

Below is the original author's approach to the companies' tax risks valuation based on the comparison of the tax and financial statements. Algorithm of the tax risks identification based on the criteria settled by the note of the Federal Tax Authority of Russian Federation from 17.07.2013 №АС-4-2/12722 "About tax authorities committees operation on legalisation of the tax base" is described. Model of the companies classification by tax risks based on the tax burden and specific cash flow is provided.

Tax risk-management (TRM) is a little-studied area of corporate governance, despite the proliferation of ever more complex tax legislation that can have a material impact on the sustainability of organisations. In this light, the aim of this research is to explore policies and procedures relied on by tax authorities in the United States of America, the United Kingdom and South Africa to encourage a culture of compliance with tax laws. For this purpose, the research differentiates between specific and generic tax risks. These include transaction, operational, compliance, financial accounting, portfolio, management and reputation risk. The study highlights how each TRM-related policy or programme addresses these tax risks and compares the TRM systems in the three jurisdictions.

The article reveals information about the tax audit. Under the audit refers to the independent audit of the accounting statements of the audited entity for the purpose of expressing an opinion on reliability of such reporting. However, the presence of such reporting of a number of tax figures that are generated outside of accounting, and the necessity of their proof in the audit demanded from the auditors of new knowledge and experience. Still not defined the place of tax audit in the structure of services rendered by auditing organizations and individual auditors. So the problem of tax audit lies in the fact that legally this type of audit is not fixed. The article reveals the essence of the tax audit, determined by its position in the control system in General and in the modern system of the Kazakhstan audit in particular, given the definition of the tax audit, formulated its subject, method, functions and also identifies the relationship of the tax audit of efficiency of economic activity.

The theoretical and organizational bases of tax risk management are investigated. The essence and principles of tax risk management are determined. On this basis the strategic goals of effective development of tax risk management are distinguished.Исследованы теоретико-организационные основы управления налоговыми рыками, определены его содержание и принципы. На этой основе выделены стратегические ориентиры эффективного развития налогового риск-менеджмента.

In today’s world taxes tend to be not only a tool for ensuring and maintaining economic and financial security, but also a source of possible threats and risks which may result in reduction of tax potential and budgetary imbalances between the central office and the provinces. In the conditions of economy digitalization, tax security as a prospective way of optimal modern tax management in the state and its regions includes elements of tax mechanism, information technology and technology of tax information protection. This article advocates the need for legislative recognition of the term "tax security", structures the components of tax security threats identification, which include elements of risk management and directions of tax administration improvement. Within the framework of the study of the tax security system, the functional relationship between tax risks and the structural elements of the tax mechanism, including its planning, regulatory, controlling and analytical components, was determined.

The relevance of the issue examined is stipulated by the results of the conducted study of the term “tax administration” and analysis of the impact of changes in tax administration of value added tax (VAT). The purpose of this study is to investigate the impact of changes in tax administration on VAT efficiency and collection rate. Within the context of digital economy, the state implements measures to digitize VAT tax control in order to reduce its own tax risks. The solution of this issue is the development of tax administration using digital technologies. A study has been conducted in order to assess impact of changes in the tax administration on VAT efficiency and collection rate.