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RETROSPECTIVE ANALYSIS OF THE TAX SYSTEM REFORM OF UKRAINE

Authors :
N. Prokopenko
O. Gudz
І. Kreidych
M. Golovko
O. Kazak
Source :
Фінансово-кредитна діяльність: проблеми теорії та практики, Vol 2, Iss 37 (2021)
Publication Year :
2021
Publisher :
FINTECH Alliance LLC, 2021.

Abstract

Abstract. The article analyzes the historical periods of development of the taxation system in Soviet times and during the independence of Ukraine. The stages of transformation of the country’s taxation system and the deduction of the development of the national taxation system are outlined. It was found that during the years of independence there were five transformations of the tax system in 1991, 1995, 1999, 2011 and 2015, respectively. The preconditions of each of the specified stages of realization of transformation of system of the taxation are analyzed. Among the key preconditions for transformational changes in certain periods are: rapid deterioration of key macroeconomic indicators, implementation of laws and regulations on the establishment of the tax police and the transformation of the State Tax Administration into a central executive body as a controlling body for legal entities and individuals, changes in the composition and mechanisms of tax calculation, chaos and invalidity of the system of tax benefits, changes in the legalization of the wage fund and in the system of compulsory state social insurance. The functions of taxes as defining concepts of formation of the tax system of the country that were in each period defined above are investigated. The types and role of tax relief as a tool of state tax regulation and stimulation of socio-economic processes are considered. The assessment of the process of transformation of the tax system identified the existing criteria for reform, including diversity, complementarity and consistency, compromise and evolution, the depth of transformation and innovation of the tax system of Ukraine. It is proved that the tools of transformation of the implementation of the taxation system of Ukraine used in these processes did not always correspond to the peculiarities of the socio-economic situation of the country and the tax policy of the state goal and set of tasks of economic strategy. Existing shortcomings in the Ukrainian taxation system hinder economic growth and lead to high economic shadowing. Thus, the application of these tools in the process of transformation of the tax system has partially solved the existing problems, a significant number of identified tasks currently remain unresolved. Keywords: taxation system, taxes, tax deductions, the state budget, taxation. JEL Classification E62 Formulas: 0; fig.: 0; tabl.: 1; bibl.: 18.

Details

Language :
English, Ukrainian
ISSN :
23064994 and 23108770
Volume :
2
Issue :
37
Database :
Directory of Open Access Journals
Journal :
Фінансово-кредитна діяльність: проблеми теорії та практики
Publication Type :
Academic Journal
Accession number :
edsdoj.1951110bf4c4e51b31e9cd6db69d3d5
Document Type :
article
Full Text :
https://doi.org/10.18371/fcaptp.v2i37.230323