IMPROVEMENT OF TAX REGULATION OF THE OIL PRODUCTS MARKET IN UKRAINE
Journal Title: Науковий вісник Ужгородського національного університету. Серія: Міжнародні економічні відносини та світове господарство - Year 2018, Vol 17, Issue 1
Abstract
In the analysis of features of the functioning of the market for oil products in Ukraine, a low level of regulatory effects of excise taxation is revealed that is associated with the negative state of the branch, low dynamics of effective market formation, reduced payment capacity of the population and industrial consumers. It is established that key elements of the functioning of excise tax on oil products and its influence on aggregate demand should be the promotion of import substitution by stimulating the production of domestic competitive products and the promotion of investment demand in order to increase the technological base of the fuel market. The need to improve control over the production and circulation of fuel is emphasized, which will allow reducing negative effects in the oil products market, as well as increasing excise tax revenues to the budget.
Authors and Affiliations
V. V. Makarenko
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