Anzhela Ya. Kuznetsova, Yuliia G. Humenna
Deshadowing the Economy as the Vector to Ensure Effective State Tax Policy
(original language – English)
https://doi.org/10.21272/mer.2020.87.12
The article is devoted to the study of the interconnection of tax policy indicators and the shadow economy in the complex interaction in the context of the country’s competitive tax system. Key indicators of tax policy implementation (total tax and contribution rates, number of taxes, time to administer taxes by economic entities) of Ukraine are compared with the countries of the European Union. The paper uses empirical correlation coefficients to determine the relationship between tax rates, tax revenues, and the level of economy shadowing, both for the Ukrainian economy and internationally. The dual role of the shadow economy in the use of the Laffer concept is substantiated. The key directions of the deshadowing policy of the economy of the country are identified. It will help to balance and increase the efficiency of implementation of the mechanisms of taxation of economic entities.
Key words: shadowing of the economy; tax policy; tax rate; tax revenues; tax burden; Laffer concept.
Placed in №1, 2020.
Affiliations:
Anzhela Ya. Kuznetsova, Dr. (Economics), Rector of Higher State Educational Institution “Banking University”;
Yuliia G. Humenna, C.Sc. (Economics), Senior Lecturer, Department of Finance and Entrepreneurship, Sumy State University
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