TAX ENVIRONMENT AS A FACTOR OF ENTREPRENEURSHIP
Journal Title: Науковий погляд: економіка та управління - Year 2018, Vol 1, Issue 59
Abstract
The current stage of development of Ukraine, characterized by crisis recovery and the beginning of economic growth, is accompanied by significant transformations in the taxation. The tax environment for business is based on macroeconomic conditions, market mechanisms, distribution of the tax burden, the tax system, its architecture and business characteristics. An important characteristic of the tax environment is the structural and functional configuration of the tax system, namely the ratio of different types of taxes. Differences in the characteristics of the tax environment of business activity are the result of fundamental differences in the general economic conditions of different countries. The tax system demonstrates the dominant role in the formation and distribution of state financial resources. However, the tax system has the most effective influence on the functioning and business activity of business structures, that is, on the link in the economic chain where a country’s financial potential is being created. Such circumstances make it necessary to analyse and manage taxes not only at the macro but also at the microeconomic level. The impact of taxes on the economic performance of an enterprise depends, in particular, on the nature of the market. To assess the redistribution of the tax burden, an important factor is the ratio of the elasticity of demand and supply. The main elements of the tax system are those economic levers that directly determine the behaviour of producers and affect their decisions, plans, strategies. The overall tax burden indicator includes a “set” of major taxes applicable to an enterprise. The use of the same elements on the basis of the charges of various taxes predetermines the effect of one tax on others. When managerial decisions are made, it is necessary to take into account that a change in one tax parameter “imposes” changes on others and can lead to an ambiguous impact on the financial results of an enterprise. The enterprise chooses the strategy of its activity upon the condition of the impact of not one or several local taxes, but their fixed set, strictly determined in the tax period.
Authors and Affiliations
K. F. Kovalchuk, T. M. Reva
Keywords
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- EP ID EP449669
- DOI 10.32836/2521-666X/2018-1-59-14
- Views 147
- Downloads 0
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