THE INFLUENCE OF TAX CHANGES ON FINANCIAL CONTROL SYSTEM OF LOCAL BUDGET RESOURSES
Journal Title: The Institute of Accounting, Control, and Analysis in the Globalization Circumstances - Year 2016, Vol 2, Issue 2
Abstract
Introduction. The paper studies the system of financial control in terms of systematic tax changes and deconcentration of local governing institutions. The paper describes the need of conceptual changes in forming and use of financial resources with the help of reorientation from control activity for results towards the control of process. The necessity of formation of effective net system of national financial control in Ukraine that will provide the financial independence of the regions is regarded. It will stimulate the strengthening of the government, institutions of local governing and stability of financial system. Methods. The results of descriptive modeling of net control system of formation and use of financial results that provides the specification of its features, financial instruments of control and their activities on the basis of structural and organizing decomposition are used in the paper. Results. The authors demonstrated the characteristics of financial instrument features and predicted results of net system of financial control activities. The model of formation of net control system of formation and use of financial resources of local budgets is given. It can be consumed that taking into account the modern demands based on combining both the fiscal and stimulating approaches in the united informative net that predicts the potential opportunities of financial resources at the expense of business sphere development and functioning of financial instruments of control the development of business units, legalization of payment and increasing the potential financial resources of local budgets with the help of personal income tax and fixed limits of abidance of control standards at the stage of decision-making will be achieved. Discussion. The evidence from this study suggests a variety of methodical set of instruments for identification and estimation of results of control of formation and use process of local budget financial resources at micro- and macro levels.
Authors and Affiliations
Lyudmila Shevchuk, Andrey Shevchuk, Viktorija Zelenjuk
Keywords
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