TAX POLICY AS A MEANS OF REGULATION OF ECONOMIC DEVELOPMENT OF THE STATE
Journal Title: Проблеми системного підходу в економіці - Year 2018, Vol 3, Issue 65
Abstract
So, for today the tax policy is a sufficiently appropriate regulator of the development of the state`s economy, since it unites the state and all citizens into a single system. In comparison with other sources of replenishment of the state budget, it is taxes that play a key, decisive role due to the volume of revenues. Concerning taxes, the amount of which in the state treasury prevails, so they include value added tax, personal income tax, excise tax and profit tax. They form the main part of tax revenues to the state budget of Ukraine every year, therefore, the state authorities need to increase the level of functioning of these taxes, improve in accordance with foreign experience certain tax features in collecting these revenues, which will bring their fiscal efficiency to a higher level, improve the system control over the collection of tax payments. However, it should be noted that the tax policy is not able to resolve all issues related to regulation and stimulation of state development, therefore it is advisable to adhere to restrictions in terms of considering taxes as a regulatory factor. According to the tax policy of Ukraine, nowadays it is very imperfect, and therefore requires certain incentive and improvement regulators, in particular: – needing of manifestations of tax discrimination, forming responsible attitude of payers to the performance of their tax obligations; – increase fiscal efficiency of taxes, improve administration, reducing the scale of tax evasion; – increase of the regulatory potential of the tax system on the basis of introduction of innovationinvestment preferences for tax on profit enterprises. Thus, the use of tax policy as a lever for influencing on the development of the state`s economy is a sufficiently expedient means, since it is the main source of replenishment of the state treasury. Having analysed the current state of development of tax policy and its impact on the general level of interest of business entities in the development of certain individual industries, we can conclude that in order to raise the level of Ukraine's tax policy, a necessary condition is to find a balance between the interests of the state and taxpayers.
Authors and Affiliations
V. V. Butenko, M. S. Osipova
Keywords
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