scholarly journals THE CONCEPT OF CORPORATE REFORM INCOME TAXATION IN UKRAINE

2021 ◽  
Vol 4 (39) ◽  
pp. 130-137
Author(s):  
N. Mamontova ◽  
V. Vityuk
Keyword(s):  
Income Tax ◽  
Negative Impact ◽  
Value Added ◽  
Income Taxation ◽  
Corporate Income Tax ◽  
Corporate Management ◽  
Value Added Tax ◽  
Public Attention ◽  
Corporate Income Taxation ◽  
Low Efficiency

Abstract. The article examines the feasibility and relevance of reforming corporate income taxation in Ukraine. We have scrutinized scientific researches of domestic and foreign scientists. The low fiscal efficiency of corporate income tax has been investigated and a stable relationship has been detected between the level of tax payment and a set of additional factors, namely the level of corporate management, the form of ownership and public attention. The high weight of the payment of income tax in the overall structure of the top-30 enterprises of Ukraine for the payment of taxes was noted. The international experience of corporate income taxation is analyzed and summarized. The necessity of replacing the income tax with another type of corporate income taxation has been substantiated. Systemic problems of the effectiveness of the existing models of corporate income taxation in the world are noted. The negative impact of low-tax on the functioning of tax systems in a lot of countries and the creation of the effect of uneven tax burden is emphasized. Information on the practical experience of introducing a tax on withdrawn capital in the foreign countries has been systematized. The low efficiency of that concept and the inexpediency of using this concept in the modern domestic conditions have been investigated. The possibility of replacing the value added tax has been assessed and the critical dependence of the budget incomes on the tax has been established. Concept of reforming corporate income taxation was developed and substantiated by introducing 1% turnover tax in addition to value added tax and the complete abolition of income tax. The volume of tax receipts for 2010—2019 has been estimated in the case of the introduction of author's concept of corporate taxation of income instead of current taxation system. The positive consequences for Ukrainian economy have been evaluated and systematized. Strong need to form a new tax culture and philosophy of interaction between representatives of tax authorities and business was emphasized. Keywords: corporate income taxation, corporate income tax, tax on withdrawn capital, turnover tax. JEL Classіfіcatіon H25 Formulas: 0; fig.: 0; tabl.: 3; bibl.: 19.

scholarly journals PENERAPAN TAX REVIEW SEBAGAI DASAR EVALUASI ATAS PEMENUHAN KEWAJIBAN PERPAJAKAN PPH BADAN DAN PPN

2018 ◽  
pp. 245
Author(s):  
I Kadek Agus Setiawan ◽  
Putu Ery Setiawan
Keyword(s):  
Income Tax ◽  
National Development ◽  
Value Added ◽  
Corporate Income Tax ◽  
Measuring Instruments ◽  
Value Added Tax ◽  
The Subject ◽  
The Difference ◽  
Tax Reporting ◽  
The Cost

Taxes as a source of state revenues are used as a source of funds for governments for national development and measuring instruments to regulate government policies. Taxation or tax review is a measure of all company transactions to calculate the amount of tax payable and predict potential taxes that may arise under applicable tax laws and regulations. This research was conducted at PT. KBIC which is engaged in cargo of Tax Year 2015. The purpose of this study is to determine the effect of the implementation of tax review of corporate income tax and value added tax. The method used in this research is descriptive comparative. Comparing the results of tax reporting by the company with the calculation of Corporate Income Tax and Value Added Tax at PT. KBIC tax year 2015 from the researcher in accordance with the applicable tax provisions in Indonesia. Based on the results of the research, the tax review of the Corporate Income Tax has found differences in the fiscal reconciliation report on the Office of Travel and Phone Charge accounts. Taxpayers make 100% corrections of the cost of mobile phones. It should be corrected cost of 50% of the cost should be. On the company's travel account, the company can not show the official report or notes in the assignment explaining the subject or purpose of the Overseas official's travel related to the company's principal activity that causes the difference of tax correction between the taxpayer and the researcher. Tax review conducted on Value Added Tax, the taxpayer has reported the fiscal reconciliation report correctly and there is no mistake.

scholarly journals Effect of Corporate Tax on Government Expenditure in Nigeria

2021 ◽  
Vol 1 (5) ◽  
pp. 157-171
Author(s):  
Patrick Ologbenla
Keyword(s):  
Income Tax ◽  
Consumer Price Index ◽  
Government Expenditure ◽  
Value Added ◽  
Corporate Income Tax ◽  
Value Added Tax ◽  
Independent Variable ◽  
The Government ◽  
The Impact ◽  
Bound Test

The study investigated the impact of corporate income tax on the government expenditure in Nigeria. Data on corporate income tax, value added tax, interest rate, gross domestic product, petroleum profit tax and consumer price index were collected and used as independent variable in the study while data on public expenditure were collected and used as independent variable in the estimated model. The ARDL bound test was applied and the result showed that corporate income tax have long run relationship that is significant with government expenditure. Other forms of tax such as value added tax and petroleum profit tax also have significant impact on government expenditure. The study concluded that corporate income tax should be sustained in order to ensure that government continue to fulfill her obligation of provision of social amenities that will promote the economic growth of the country.

scholarly journals FISCAL EFFECTIVENESS ASSESSMENT OF THE BUDGET-GENERATING TAXES IN UKRAINE

2021 ◽  
pp. 66-78
Author(s):  
Olha ZAMASLO ◽  
Maksym KOBYLNYK
Keyword(s):  
Correlation Analysis ◽  
Income Tax ◽  
Value Added ◽  
Corporate Income Tax ◽  
Capital Investments ◽  
Value Added Tax ◽  
Excise Tax ◽  
Tax Revenues ◽  
Macroeconomic Indicators ◽  
Business Entities

Introduction. A significant share of tax revenues in the revenue part structure of the Consolidated budget of Ukraine forms the grounds for assessing the economic efficiency of established taxes in order to make managerial decisions in the budget and tax management field at the macro level. Therefore, it is important to analyse the fiscal effectiveness indicators of taxes that form the tax revenues majority to the budgets of Ukraine, as well as to identify socio-economic factors that affect the size of such revenues. The purpose of the article is to analyse the fiscal effectiveness indicators of budget-generating taxes, to perform a correlation analysis of the tax revenues dependence on macroeconomic indicators and substantiate ways to increase the tax revenues sources to budgets of different levels. Results. The scientists’ approaches to the definition of the essence of the category “fiscal efficiency” were considered as well as was monitored the volume and structure of tax revenues to the Consolidated budget of Ukraine for 2015–2020. The factors of fiscal effectiveness were investigated and its assessment was carried out on the basis of data on the revenues of value added tax, personal income tax, excise tax and corporate income tax to the Consolidated budget using indicators of the fiscal significance of the tax in the budget, the fiscal significance of the tax in the state GDP and the ratio of the predicted and actual indicators of tax revenues. It was performed a correlation analysis of budget-forming taxes with macroeconomic indicators, as a result of which close relationship has been determined between the number of introduced types of innovative products and the volume of value-added tax revenues of goods (work and services) produced in Ukraine; the volume of revenues from corporate income tax and capital investments made by business entities, as well as between the volume of revenues from excise tax and the number of unemployed population in Ukraine. Based on the results of the investigation, there were proposed and substantiated the ways of tax reforms and directions of government measures to increase tax revenues.

Substituting a Value-Added Tax for the Corporate Income Tax: First Round Analysis.

1979 ◽  
Vol 34 (1) ◽  
pp. 279
Author(s):  
Richard Tresch ◽  
Stephen P. Dresch ◽  
An-Loh Lin ◽  
David K. Stout
Keyword(s):  
Income Tax ◽  
Value Added ◽  
Corporate Income Tax ◽  
Value Added Tax ◽  
A Value

scholarly journals CURRENT STATE OF CORPORATE INCOME TAXATION SYSTEM IN UKRAINE

2021 ◽  
Author(s):  
Bohdan Zasadnyi ◽  
Iryna Kononohova
Keyword(s):  
Income Tax ◽  
Income Taxation ◽  
Corporate Income Tax ◽  
Entrepreneurial Activity ◽  
Social Production ◽  
State Budget ◽  
Corporate Income Taxation ◽  
Tax Legislation ◽  
Accelerated Depreciation ◽  
Taxation System

Taxes are used as a way of government influence on social production, its dynamics and structure, and are also a source of government revenue. To the greatest extent, this applies to corporate income tax, since it is one of the most important sources of budget revenue. Difficult political and economic conditions, instability and complexity of domestic legislation, a significant tax burden on business highlight the need to study the peculiarities of corporate income taxation not only as a powerful fiscal tool, but also in terms of its regulatory functions. In Ukraine, the possibilities of using corporate income tax as a regulatory factor are somewhat limited by its large budgetary value, so there is a need to study also a foreign experience of corporate income taxation in order to find the best ways for our country to improve the collection and administration of corporate income tax. To stimulate entrepreneurial activity, ensuring its stable development, it is necessary to create an optimal effective tax system that would provide stable revenues to the state budget, without burdening entrepreneurs. This issue is extremely acute, because the corporate income tax can be used as an effective tool for balanced dynamic economic growth on the basis of innovative development, and as a reliable source of state budget revenues. This article defines theoretical questions concerning the economic essence and place of the corporate profit tax in the taxation system. Determined main reasons for the fluctuations of revenues from corporate income tax in the budget of Ukraine, namely: the loss of income tax of the dominant fiscal role in the formation of tax revenues of Ukraine is due to lower rates and changes in the procedure for determining the object of taxation, as well as general negative trends in economic development of Ukraine. The main areas of improvement of corporate income taxation mechanism in Ukraine at the present stage of economy development are investigated. Conclusions are drawn about introducing a progressive system of corporate income taxation, harmonization of accounting and tax legislation on the calculation of corporate income tax, reviewing the list of tax incentives and using the accelerated depreciation method that reduces the tax base.

scholarly journals ANALISIS KEPATUHAN PAJAK FINANSIAL DAN NON FINANSIAL SERTA KOREKSI FISKAL

2019 ◽  
Vol 11 (2) ◽  
pp. 121
Author(s):  
Agus Widodo
Keyword(s):  
Income Tax ◽  
Tax Compliance ◽  
Value Added ◽  
Corporate Income Tax ◽  
Value Added Tax ◽  
Tax Laws ◽  
Tax Reporting

<p class="Style1"><em>This research aims to analyze the financial tax compliance PT XYZ in </em><em>calculating, amount of pavment, and </em><em>amount of reporting tax obligations (Value Added </em><em>Tax (VAT), Article 21 Income Tax, Articic 23 Income Tax, Article 4 (2) Income Tax, </em><em>Article 25 Income Tax, Corporate Income Tax) and the non financial tax compliance </em><em>PT XYZ related to the date of tax payment and tax reporting (Value Added Tax (VAT), </em><em>Article 21 Income Tax, Article 23 Income Tax, Article 4 (2) Income Tax, Article 25 </em><em>Income Tax, Corporate Income Tax) before due of tax payment and tax reporting also </em><em>fiscal correction has been done in 2014 in accordance with applicable tax laws in </em><em>2014.</em></p>

scholarly journals THE ROLE OF CORPORATE INCOME TAX AND VALUE ADDED TAX IN THE FORMATION OF BUDGET REVENUES

Agrosvit ◽  
2021 ◽  
pp. 62
Author(s):  
Y. Sus ◽  
N. Boiko ◽  
K. Nazimova ◽  
V. Zalyubovska
Keyword(s):  
Income Tax ◽  
Value Added ◽  
Corporate Income Tax ◽  
Value Added Tax

scholarly journals Automation and Optimal Capital Income Taxation

2020 ◽  
Author(s):  
Yuuki Maruyama
Keyword(s):  
Open Economy ◽  
Income Tax ◽  
Value Added ◽  
Income Taxation ◽  
Marginal Productivity ◽  
Labor Costs ◽  
Capital Income ◽  
Value Added Tax ◽  
Real Wages ◽  
Capital Income Taxation

This model shows that capital income taxation does not affect real wages. Judd's theorem (1985) that a zero capital income tax rate is optimal for workers is based on the assumption that all capital has the effect of increasing the marginal productivity of labor. However, in reality, some capital lowers the marginal productivity of labor through automation (technological unemployment). Therefore, this model assumes two types of capital. Labor-complementing capital increases the marginal productivity of labor (real wages), while labor-substituting capital decreases it. The rates of return are kept equal between the two. Using such an economic growth model, we analyze the long-run effects of taxes on real wages. Even if capital income tax is imposed, real wages don’t change because both labor-complementing capital and labor-substituting capital decrease. In contrast, value-added tax results in reduced real wages. This is because labor costs are deducted in capital income tax, but not in value-added tax. Capital income tax is more suitable for income redistribution than value-added tax. These conclusions also apply to an open economy.

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