FISCAL POTENTIAL OF CORPORATE INCOME TAX IN UKRAINE AND ITS INFLUENCING FACTORS
Journal Title: Сталий розвиток економіки - Year 2016, Vol 32, Issue 3
Abstract
Purpose. The aim of the article is the assessment of fiscal capacity of corporate income tax and substantiation of practical recommendations for increasing its value through the introduction of changes to the taxation of agricultural producers. Methodology of research. The monographic method is used during the study (in determining the problem practical, theoretical and methodological aspects of taxation of agricultural enterprises); empirical method (in identifying trends of influence budget losses from the use of tax benefits); the method of induction (in the study of empirical data and substantiation of conclusions on increasing the fiscal capacity of taxation of business profits. Findings. The tendencies of receipts for income tax and financial result to the taxation of business entities are analyzed. Factors of fiscal impact on the value of potential corporate income tax are determined. The economic effect of introducing different tax systems of enterprises is reviewed. The dynamics of tax exemptions on income tax is studied and its correlation with the business activity of enterprises is analyzed. The dynamics of budget losses from the use of tax incentives is reviewed. Recommendations to increase fiscal capacity tax profits are developed. The directions for increase fiscal capacity taxation of business profits in Ukraine are substantiated. Originality. Advisability of adequate application of bankable benefits corporate income tax with a view to increasing its fiscal capacity, improve the tax system as a whole will contribute to quality improvement and reduction of budget losses are determined in the article. Practical value. The obtained results of research contribute to escalating fiscal capacity for taxation of business profits in Ukraine. They can be used in substantiation of the strategic landmarks of tax policy and improving the tax system.
Authors and Affiliations
Olha Varchenko, Ivan Svynous, Nadiia Shatsilo
Keywords
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