Tax planning and its impact on the financial situation of economic entities

2021 ◽  
Vol 65 (04) ◽  
pp. 253-256
Author(s):  
Səadət Mahir qızı Məmmədbağırova ◽  
Keyword(s):  
Key Words ◽  
Public Services ◽  
Tax Planning ◽  
Tax Burden ◽  
Financial Situation ◽  
Economic Entity ◽  
Modern Methods ◽  
Additional Burden ◽  
Modern Level

Taxes, which play the most important role in the financing of public services, create an additional burden for taxpayers trying to maximize their benefits. In an environment of globalization and increasing competition, enterprises in particular may be able to implement some strategies to minimize the tax burden. Some businesses use illegal methods, while others try to reduce the tax burden by applying a tax plan. In this regard, it is very important to study the topic at a modern level. Key words: tax planning, economic entity, financial procedures, enterprise strategies, modern methods

scholarly journals The impact of tax planning on the level of economic security of the company

2019 ◽  
Vol 81 (2) ◽  
pp. 383-386 ◽  
Author(s):  
V. Yu. Padalkin ◽  
G. N. Strukov ◽  
A. M. Prygunkov ◽  
L. I. Churikov
Keyword(s):  
Economic Benefits ◽  
Economic Security ◽  
Tax Planning ◽  
Value Management ◽  
Tax Burden ◽  
State Budget ◽  
Business Association ◽  
Economic Entity ◽  
Property Owners ◽  
The Impact

Some aspects of business value management are considered. Important attention is paid to the management of the tax burden and its impact on the level of economic security. Taxation is a combination of economic (financial) and legal relations, reflecting the compulsory, irrevocable and gratuitous withdrawal of part of the income of legal entities and individuals to the state budget and local authorities. A company’s expenses are recognized as a reduction in economic benefits resulting from the disposal of assets (cash, other property) and (or) the occurrence of obligations, which leads to a decrease in the capital of this company, with the exception of a decrease in deposits by decision of the participants (property owners), and therefore for an economic entity taxes represent a significant part in the structure of all its expenses. Competent tax planning using legal methods of tax optimization contributes to the successful conduct of business in a modern market. On the example of a large business association, the analysis of indicators of the tax burden on basic taxes in dynamics over a number of years is carried out and conclusions are made about the effectiveness of tax planning.

scholarly journals INFLUENCE OF MENTALITY ON TAX PLANNING IN RK

2020 ◽  
Vol 2 (5(74)) ◽  
pp. 24-27
Author(s):  
A.O. Yakupova
Keyword(s):  
Tax Evasion ◽  
Public Services ◽  
Tax Planning ◽  
Tax Burden ◽  
Trust In Institutions ◽  
The Difference ◽  
The Republic

This article discusses the problems of tax planning and tax evasion in the Republic of Kazakhstan. Various methods of optimizing the tax burden are analyzed and a comparison of this practice with the situation in other countries is given. In many cases, the difference between tax evasion and tax optimization is not clear, for this reason tax optimization and tax evasion are usually considered together, despite their differences. It is concluded that the willingness of taxpayers to pay taxes is related to their trust in institutions, perception of corruption, as well as satisfaction with public services.

scholarly journals SYSTEM TAX PLANNING OF ECONOMIC ENTITIES: THEORETICAL APPROACHES, METHODOLOGICAL ASPECTS AND PRACTICE-ORIENTED TOOLS

2019 ◽  
Vol 7 (3) ◽  
pp. 36-40
Author(s):  
Ольга Грабова ◽  
Olga Grabova ◽  
Александр Суглобов ◽  
Aleksandr Suglobov
Keyword(s):  
Economic Activity ◽  
Tax Planning ◽  
Tax Burden ◽  
Economic Activities ◽  
Legal Form ◽  
Legal Norms ◽  
Economic Entity ◽  
Theoretical Approaches ◽  
Legal Forms ◽  
Methodological Aspects

This article summarizes the modern domestic and foreign theoretical and methodological aspects of tax planning. As a result of the study, a systematic approach to tax planning of economic agents at the micro level is presented, the content of the concept of "tax planning" is revealed, the logic and practical content of the method of tax planning based on the presentation of taxes as elements of a unified system of planning of financial and economic activity of an economic entity are substantiated and proposed. The dialectical unity of economic essence and legal form of taxes in tax planning is defined, in which legal norms by virtue of their imperativeness form the conditions of economic activity, but not its orientation. The main integral indicator in the calculation of the tax burden for the purposes of tax planning is revenue, as it is the main economic source of tax payment and is associated with the calculation of tax risks. Defined the regulatory boundaries minimize taxation Institute of control taxation. The implementation of these approaches will effectively manage the economic activities of organizations, optimize the tax burden, reduce tax risks and improve the security of the business as a whole. In addition, a reserve has been created in the development of methodological support for tax planning, which should be based on the sectoral specifics of the economic entity, take into account its scale, organizational and legal forms and their combination, access to world markets, transnational character, etc.

TAX PLANNING AND STATE AID UNDER THE EUROPEAN LAW

2021 ◽  
Vol 66 (05) ◽  
pp. 228-232
Author(s):  
Aygun Gunduz Guliyeva ◽  
Keyword(s):  
Key Words ◽  
Rule Of Law ◽  
Tax Avoidance ◽  
Tax Planning ◽  
State Aid ◽  
European Court Of Justice ◽  
European Law ◽  
The Rule Of Law ◽  
Court Of Justice ◽  
European Court

There is a strong link between funding criteria from government sources and the advantage and selectivity associated with classifying an event as government assistance. However, the selectivity criterion is very important when considering whether there is a banned state aid. Finally, the European Court of Justice no longer applies the rule of law and exclusion to selectivity. Instead, the selectivity review consists of two parts: whether a precaution is selective and whether preference is necessary and proportionate. Key words: EU, tax, tax avoidance, state aid, tax planning, competition

scholarly journals Research on the Role of Tax Planning in Preventing Corporate Tax Risks

2020 ◽  
Vol 4 (4) ◽  
pp. 156
Author(s):  
Yuting Guo ◽  
Qiuping Ouyang ◽  
Min Peng
Keyword(s):  
Business Process ◽  
Tax Planning ◽  
Business Development ◽  
Tax Burden ◽  
Corporate Tax ◽  
Laws And Regulations

<p>Paying taxes according to laws and regulations in the process of business development is an obligation of companies. It is a vital task for companies to reduce tax burden by reasonably applying laws, regulations and policies, which requires tax planning. This article explores the relevant contents of corporate tax planning and tax risks. Firstly, it briefly expounds tax risks and tax planning, then analyzes the causes of tax risks. Finally, the measures are put forward to avoid tax risks in the business process affecting the development of companies.</p>

scholarly journals The Use of International Tax Planning in Subsidiaries from the Financial and ICT Sectors in the Czech Republic

2021 ◽  
Vol 24 (1) ◽  
pp. 182-196
Author(s):  
Vít Jedlička
Keyword(s):  
Global Economy ◽  
Transfer Pricing ◽  
Tax Avoidance ◽  
Tax Planning ◽  
Tax Burden ◽  
Effective Tax Rate ◽  
Tax Havens ◽  
Tax Rate ◽  
Dummy Variable ◽  
International Tax

Tax avoidance is an important element of management in the global economy. Managers use tax havens for reducing a company’s effective tax rate. The most common practices in international tax planning can be divided into three groups: loans and their related interest, royalties, and transfer pricing. The aim of this article is to find the determinants of the tax burden faced by foreign-owned subsidiaries. Therefore, a model was created for the tax burden, focusing on the special position of subsidiaries within international tax planning. For this purpose, taxes/outcomes was established as a new dependent variable. The panel data used include Czech companies that are owned by parent companies located in other EU countries. The model distinguishes EU tax havens from regular member states; sector dummy variables are also included. The regression model that was created did not confirm the assumed dependencies. Rather, it indicated other important determinants: profitability, the share of intangible assets, size, and the dummy variable for the ICT sector. Based on the regression results, the independent variables connected with known tax planning schemes have relatively low importance. The significance of these results can be seen in the subsequent conclusions. First of all, there is no difference between the subsidiaries’ tax burdens based on the parent company’s location. Corporations use international tax planning whether or not they are owned from a tax haven. The second significant conclusion indicates the importance of certain sectors and their attributes concerning the tax burden. Companies from the ICT sector are linked to a lower tax burden. On the other hand, the dependencies within the financial sector are not statistically significant. From the perspective of further research, it would be constructive to incorporate the subsidiary’s position within the group.

TAX PLANNING DENGAN PEMILIHAN BENTUK BADAN USAHA PADA PERUSAHAAN PERSEORANGAN

2014 ◽  
Vol 4 (2) ◽  
Author(s):  
Sri Andriani
Keyword(s):  
Decision Making ◽  
Income Tax ◽  
Tax Planning ◽  
Tax Burden ◽  
Taxable Income ◽  
Proper Form ◽  
Qualitative Descriptive ◽  
Business Entities ◽  
Tax Payers ◽  
Selection Of

<p>Tax Planning is one of the ways to minimize the tax burden within the company including in the selection of the proper form of business to run the company's business, namely with the mepertimbangkan of tariff revenue, a reduction in taxable income (PKP), the liability of income recognition, bookkeeping, tax collection obligations, and accountability of tax debt. Minimization of tax burden can be done in various ways, ranging from a still frame of the taxation to which break the rules of taxation.</p><p>Tax planning that has made the company especially with elections to form a business entity. This type of research is qualitative, descriptive. The results of this research indicate that cigarette companies do business entity forms of election to save taxes by choosing the form of individual business entities. The magnitude of the rate of income tax that will be payable every year between Individual Taxpayers with the tax payers the Agency is different, i.e. Individual Taxpayers using Taxpayer tariff progersif while the Agency using the fixed fee. Individual companies have had some keuntunngan among other things a faster decision making does not take into account the interests of many parties.<br /><br /><br /></p>

scholarly journals Tax Planning and Investment Pattern of Academicians: A Study of Educational Institutions in Bengaluru

2018 ◽  
Vol 4 (02) ◽  
Author(s):  
Pallavi V ◽  
Anuradha P S
Keyword(s):  
Investment Decisions ◽  
Sampling Technique ◽  
Tax Planning ◽  
Educational Institutions ◽  
Tax Burden ◽  
Personal Factors ◽  
Investment Pattern ◽  
Bank Deposits ◽  
The City ◽  
Structured Questionnaire

Tax planning involves an efficient application of various provisions and loopholes of tax laws to reduce the incidence of tax and tax burden of an assessee. This research paper aims at studying the investment pattern and the awareness of various tax planning schemes available for investment for academicians. Structured questionnaire was used to collect the data and 385 respondents were selected for the study by adopting stratified sampling technique from private educational institutions across the city of Bengaluru. The study revealed that the level of awareness among the academicians on various tax saving schemes is low and personal factors influence the investment decisions. Further, bank deposits are preferred investment avenues.

scholarly journals Selected Aspects of Life Satisfaction Assessment Among Neurological Nurses

2019 ◽  
Vol 8 (4) ◽  
pp. 157-161
Author(s):  
Agata Swatowska ◽  
◽  
Wiesław Fidecki ◽  
Mariusz Wysokiński ◽  
◽  
...  
Keyword(s):  
Life Satisfaction ◽  
Key Words ◽  
Satisfaction With Life ◽  
Research Tool ◽  
Satisfaction With Life Scale ◽  
Average Level ◽  
Study Group ◽  
Financial Situation ◽  
Positive Feeling ◽  
Life Scale

Introduction. Satisfaction is a positive feeling, perceived subjectively. Assessment of life satisfaction is undertaken by comparing your own situation with the standards you set, your goals, objectives. Therefore, the measurement of satisfaction is based on individual criteria specific to each person. Aim. The study aims to determine satisfaction with life among nurses working in neurological wards. Material and Methods. The study was conducted in a group of 130 nurses working in neurological wards of hospitals in the Lublin Province. The vast majority of the study group constituted women (93.80%). Most respondents were aged between 36–50 years old (43.08%). The research used a standardized research tool: The Satisfaction with Life Scale (SWLS). Results. The examined group of neurological nurses assessed their satisfaction with life at an average level (20.66 ± 5.72 points). After converting points into sten values, the average was 5.56 ± 2.03 sten. Significant statistical differences in the assessment of life satisfaction were found in the material situation. The higher assessment was provided by nurses who were satisfied with their financial situation (21.70 points). Conclusions. The assessment of satisfaction with life among neurological nurses was at an average level. Selfassessment of the financial situation significantly differentiated the assessment of life satisfaction in the group of surveyed nurses. (JNNN 2019;8(4):157–161) Key Words: satisfaction with life, nurses, neurological wards

scholarly journals MANAGEMENT ACCOUNTING FOR A TAX AS A MEANS OF TAX OPTIMIZATION

2020 ◽  
Author(s):  
Tatyana Anatolievna Korneeva ◽  
◽  
Daria Sergeevna Kosheleva ◽  
Keyword(s):  
Management Accounting ◽  
Tax Burden ◽  
Accounting System ◽  
Tax Expenditures ◽  
Economic Entity ◽  
Tax Management ◽  
Management Accounting System

The article is devoted to the study of approaches to the organization of tax management accounting in order to optimize the level of tax burden of an economic entity to improve the efficiency of an enterprise in terms of its taxation. The classification of tax expenditures is proposed for budgeting purposes in the management accounting system

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