Competitiveness of Ukraine’s system of taxation within the framework of integration into the European Union
Journal Title: Visnyk Ternopilskoho natsionalnoho ekonomichnoho universytetu - Year 2017, Vol 2, Issue
Abstract
The article reveals the essence and role of competitiveness of the taxation system taking into account retrospective trends and current aspects. In addition, it provides insight into main ways in which tax competition may be manifested. Specific features and methods for determining the level of development of the tax system as well as the level of economic freedom are highlighted. The positive and negative influence of globalization on the taxation system of the country is generalized. On the basis of the analysis, carried out for the research, it is found that Ukraine’s system of taxation and the level of economic freedom rank far below the EU countries. Consequently, possible causes of slow progress in Ukraine’s system of taxation are systematized, and its weak position in the international ranking is explained. It is determined that the low-ranking position of Ukraine has been caused by considerable corruption at all levels of executive power, low protection of property rights and weak development of investment. The major factors that negatively affect the business environment are as follows: unstable tax legislation, time-consuming tax accounting, a high overall tax burden and its unequal distribution among taxpayers, improperly adjusted tax reliefs, and mainly fiscal nature of the taxation system. A particular attention is paid to the priorities of the taxation system in European countries. The main guidelines for reforming the national tax legislation, based on the analysis of the latest trends of tax changes in the EU, are determined.
Authors and Affiliations
Eduard Romaniuta
Keywords
Related Articles
- EP ID EP305957
- DOI -
- Views 121
- Downloads 0
Endowment as a new source of sustainable funding for research studies in Ukraine
The article states that funding science and technology is an essential strategic task for countries wishing to join the European Community. The paper considers possible ways to achieve the sustainability of funding resea...
Organic agricultural production in Ukraine: trends and challenges of institutional support
The basic trends of organic agricultural production in Ukraine, which is considered an alternative model of agriculture in the context of improving the quality of the natural soil fertility, expansion of the production o...
On qualitative characteristics of financial reporting
The article generalizes the role of accounting and reporting in information provision for enterprise activities. It is claimed that, on the one hand, financial reporting provides a guide in identifying accounting items,...
Assessment of competitiveness in Ukraine and its regions measured by indicators of international trade (based on the methodology of IMD, Lausanne)
The research paper reveals the importance of maintaining the international trade at the appropriate level in order to ensure high competitiveness of countries and regions. On the basis of the methods developed by experts...
Investment support for the agricultural sector: creating opportunities in Ukraine
The article considers the challenges of investment support for Ukraine’s agrarian sector. In order to provide investment support for business entities by means of investment management and creating investment resources,...