EFFECTIVENESS OF TAX POLICY OF UKRAINE: EVIDENCE AND ECONOMY IMPLICATIONS

Olena Slavkova; Oksana Zhilinska; Maksym  Palienko

doi:10.21272/10.21272/mer.2020.87.11

Olena Slavkova Sumy National Agrarian University
Oksana Zhilinska Taras Shevchenko National University of Kyiv
Maksym Palienko University of Insubria

DOI: https://doi.org/10.21272/10.21272/mer.2020.87.11

Keywords: tax evasion, revenues, tax policy, state budget, elasticity, economic development

Abstract

The article deals with the peculiarities of the formation and implementation of tax policy in the country. The analysis of change of tax receipts to the state and local budgets is carried out. The role of tax payments in the economic development of the country is determined. The efficiency of the state tax policy in Ukraine is analyzed, its advantages and disadvantages are determined. The important role of tax payments in stimulating economic and social development is substantiated. The analysis of the elasticity of change of indicators of economic development of the country from the change of volume of tax receipts to the budget is carried out. The necessity of improving the existing policy of establishing, accrual, payment, and distribution of tax revenues as one of the most promising areas to stimulate economic growth is concluded.

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