Effectiveness of reform of the tax system of ukraine in the context of european integration

Kovalenko Artem
post-graduate student of the Department of International Economics, Natural Resources and Economic Theory,Zaporizhzhia National University, e-mail:art.kovalenko.95@gmail.com

Cite this article:

Kovalenko, A. (2018). Effectiveness of reform of the tax system of ukraine in the context of european integration. Ed.: М.D. Baldzhy (ed.-in-ch.) and others [Systema pensiinoho zabezpechennia Ukrainy ta yevrointehratsiini protsesy; za red.: М. D. Baldzhy (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 6-7 (258-259), pp. 54-74.

Abstract

The purpose of the article is to analyze the adopted tax reform of Ukraine after the revolution of dignity, to investigate the consequences of these reforms and the prospect of further development. The comparison method was used in this article. This method was used to compare the tax system of Ukraine with the tax systems of Georgia, France, Romania and Lithuania. The article analyzes the state of the tax system of Ukraine, highlights its shortcomings, and it was determined that for development it is necessary to use the experience of foreign countries that have gone through the same path and achieved positive results. It was substantiated that it is necessary to replace the tax on profit, the tax on the withdrawn capital. Thus, the state will provide business with a deferral of payment of tax until the withdrawal of funds from business. The funds that will remain in business, invest in business development and upgrade the existing infrastructure, will solve the problem of significant depreciation of fixed assets that require upgrades. It is determined that if the calculation of income tax is simplified, this will allow reducing the tax authorities involved in the assessment of income tax, attract high-level specialists with decent salaries, which will focus on checking transactions, on the withdrawal of funds abroad. This step will attract foreign investment into the country. The approach to granting privileges is substantiated. From the point of view of filling the budget, benefits are direct losses, which leads to a disbalance of the budget system and an increase in the budget deficit. From the point of view of regulating social and economic processes, benefits are needed to stimulate innovation, investment and structural adjustment of the domestic economy. Replacing the income tax with the tax on the withdrawn capital is a scientific novelty. It is substantiated that this approach contributes to increase the company's profit, which will allow to start business development in the country, and as a result, will increase the attraction of foreign investments into the countrу.

Keywords

tax policy, reformation, ecologization, tax system, tax system, integration.

JEL classification: Н300

UD classification: 339.138 (075.8)

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