№ 11/2019

Fìnansi Ukr. 2019 (11): 58–75https://doi.org/10.33763/finukr2019.11.058

MONITORING SUSTAINABLE DEVELOPMENT GOALS

OLEYNIKOVA Liudmyla ¹

¹SESE “The Academy of Financial Management”
OrcID ID : https://orcid.org/0000-0001-8204-4434

Overcoming tax information asymmetry

Effective control of taxpayers’ tax liabilities requires actions aimed at overcoming tax information asymmetries. The article deals with the methodological, organizational and institutional features of creating an information environment for tax purposes. The analysis of problems, differences and risks of tax information formation at national and supranational levels is conducted. The author analyzes international normative legal acts in the field of erosion of the tax base and deduction of profit from taxation. The main tools for preventing aggressive tax planning and tax evasion are the tools of the BEPS Plan. The importance of introducing the Implementation of the BEPS Action Plan in Ukraine for ensuring the effective exchange of tax information at the international level is noted. The need to improve the national information space for tax purposes as an information base for the exchange of information at the international level is established. A link has been established between the provision of information in the field of taxation and the information component to analyze reporting and progress towards achieving the Sustainable Development Goals (SDGs). It is determined that tax indicators that are used to achieve the SDGs need to be adapted at the national level. There is a need for global reporting on the SDGs attainment, taking into account trends and steps taking place in the international environment, through the tools of the BEPS Plan. The author proposes a model of information environment formation for tax purposes for Ukraine, which takes into account the need to create a national information base, given the further possibility of using such information for the purposes of international tax information exchange. The basic steps aimed at creating conditions for the implementation of quality tax control at the national and supranational levels are identified, taking into account the challenges of digitalization of economic processes.

Keywords:taxes, asymmetry of tax information, information environment for tax purposes, erosion of the tax base, tax evasion, tax control

JEL: H21, H26, Q01

OLEYNIKOVA L. . Overcoming tax information asymmetry / L. . OLEYNIKOVA // Фінанси України. - 2019. - № 11. - C. 58-75.

Article original in Ukrainian (pp. 58 - 75)

Download

Downloads :70

1. Iefymenko, T. I., Lovinska, L. H., & Zhuk, V. M. (2015). Crisis management information: a global aspect of accounting and financial reporting standardization. Kyiv: DNNU “Akademiia finansovoho upravlinnia” [in Ukrainian].
2. Kamenska, T. O. (2010). Internal audit. Modern look. Kyiv: DP “Informatsiino-analitychne ahentstvo” [in Ukrainian].
3. Ozeran, A. V. (2015). Theory and methodology of formation of financial statements of enterprises. Kyiv: KNEU [in Ukrainian].
4. Kucheriavenko, M. P. (2009). Tax procedures: legal nature and classification. Kyiv: Alerta [in Ukrainian].
5. Novytskyi, A. M. (2013). Electronic document flow as an element of ensuring legal regulation of the formation of information society institutions. Scientific Bulletin of the National University of State Tax Service of Ukraine (Economics, Law), 4, 11–20 [in Ukrainian].
6. Brekhov, S. S., Korotun, V. I. (2016). Conceptual foundations and directions of development counteraction system of aggressive tax planning in Ukraine. Effective economy, 11. Rertieved from www.economy.nayka.com.ua/?op=1&z=5249/ [in Ukrainian].
7. Iefymenko, T. I. (2013). Actual problems of modern strategies of tax system reforming. Finance of Ukraine, 3, 7–26 [in Ukrainian].
8. Ivanov, Yu. B. (2019). Digitalization of the economy and tax risks. In The economic growth of the Republic of Belarus: globalization, innovation, sustainability (pp. 238–239). Minsk: BGEU [in Russian].
9. Brekhov, S. S., Korotun, V. I. (2015). World experience fighting aggressive tax planning: conclusions for Ukraine. Collection of scientific works of the National University of State Tax Service of Ukraine, 2, 121–134 [in Ukrainian].
10. Serebrianskyi, D., Selezen, P. (2016, May 24). Countering tax avoidance in the European Union: quo vadis? Retrieved from ngoipr.org.ua/blog/protidiya-uniknennyu-vid-opodatkuvannya-v-yevropejskomu-soyuzi-quo-vadis/ [in Ukrainian].
11. Tymchenko, O. M. (2011). International informational collaboration as the factor of counteract tax evasion. Finance of Ukraine, 12, 7–20 [in Ukrainian].
12. Angyridis, C. (2006). Optimal Capital Income Taxation in an Asymmetric Small Open Economy. The Journal of Economic Asymmetries, Vol. 3, Iss. 1, 87–101.
doi.org/10.1016/j.jeca.2006.01.005
13. Gupta, R. (2005). Asymmetric Information, Tax Evasion and Alternative Instruments of Government Revenue. Economics Working Papers, 200533. Retrieved from digitalcommons.uconn.edu/econ_wpapers/200533.
14. Manyika, J., Chui, M., Bisson, B. et al. (2001, May). Big data: The next frontier for innovation, competition, and productivity. McKinsey Global Institute. McKin-sey&Company. Retrieved from www.mckinsey.com/~/media/McKinsey/Business%20Functions/McKinsey%20Digital/Our%20Insights/Big%20data%20The%20next%20frontier%20for%20innovation/MGI_big_data_exec_summary.ashx.
15. Roemer, J. E. (2012). The political economy of income taxation under asymmetric information: the two-type case. Journal of the Spanish Economic Association, Vol. 3, Iss. 1–2, 181–199.
doi.org/10.1007/s13209-011-0047-6
16. State Statistics Service of Ukraine, Ministry of Economic Development and Trade of Ukraine. (2019). Sustainable Development Goals. Ukraine – 2019. Retrieved from www.ukrstat.gov.ua/menu/st_rozv/publ/SDGs-MonitoringReport_v08_24.09.2019.pdf [in Ukrainian].
17. The European Parliament, the Council of the European Union. (2013). Directive 2013/34/EU of the European Parliament and of the Council of 26 June 2013 on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings. Retrieved from eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=
CELEX:32013L0034&from=EN.
18. United Nations Department of Economic and Social Affairs. Statistics Division. (n. d.). SDG Indicators: Metadata repository. Retrieved from unstats.un.org/sdgs/metadata/.
19. IMF Statistics Department (Government Finance Division). (2017, November). Institutional information. Retrieved from unstats.un.org/sdgs/metadata/files/Metadata-17-01-01.pdf.
20. UNDP. (2017). Indicators for monitoring the achievement of the Sustainable Development Goals: methodology for data collection and calculation. Retrieved from www.ua.undp.org/content/ukraine/uk/home/library/sustainable-development-report/Mapping-SDG-indicators-report.html [in Ukrainian].
21. Iefymenko, T., Lovinska, L. (2019, October 31). Reporting on sustainable development: challenges and ways to overcome them (the case of Ukraine). Academy of Financial Management.
doi.org/10.33763/finukr2019.11.009
22. Cabinet of Ministers of Ukraine. (2018). Concept of development of digital economy and society of Ukraine for 2018–2020 and approval of the plan of measures for its implementation (Decree No. 67-p, January 17). Retrieved from www.kmu.gov.ua/ua/npas/pro-shvalennya-koncepciyi-rozvitku-cifrovoyi-ekonomiki-ta-suspilstva-ukrayini-na-20182020-roki-ta-zatverdzhennya-planu-zahodiv-shodo-yiyi-realizaciyi [in Ukrainian].
23. Cabinet of Ministers of Ukraine. (2017). On the approval of the Strategy for reforming the public financial management system for 2017–2020 (Decree No. 142-p, February 8). Retrieved from zakon2.rada.gov.ua/laws/show/142-2017-p [in Ukrainian].
24. Ukraine and the IMF. (2017, March 2). Ukraine: Memorandum of Economic and Financial Policies. Retrieved from bank.gov.ua/doccatalog/document?id=46564506 [in Ukrainian].
25. OECD. (2013). Action Plan on Base Erosion and Profit Shifting. Retrieved from www.oecd.org/ctp/BEPSActionPlan.pdf.
26. OECD, Council of Europe. (2011). The Multilateral Convention on Mutual Administrative Assistance in Tax Matters: Amended by the 2010 Protocol. Retrieved from read.oecd-ilibrary.org/taxation/the-multilateral-convention-on-mutual-administrative-
assistance-in-tax-matters_9789264115606-en#page1.
27. European Comission. (2019). Directive on Administrative Cooperation (DAC). Platform for good tax governance meeting 26 March 2019. Retrieved from ec.europa.eu/taxation_customs/sites/taxation/files/presentation_dac_evaluation_v3.pdf.
28. OECD. (n. d.). Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account Information. Retrieved from www.oecd.org/tax/automatic-exchange/international-framework-for-the-crs/multilateral-competent-authority-agreement.pdf.
29. OECD. (2014). Standard for Automatic Exchange of Financial Account Information in Tax Matters.
doi.org/10.1787/9789264216525-en
30. OECD. (2016). Multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting. Retrieved from www.oecd.org/tax/treaties/multilateral-convention-to-implement-tax-treaty-related-measures-to-prevent-BEPS.pdf.
31. Council of Europe. (2011). Council Directive 2011/16/EU of 15 February 2011 on administrative cooperation in the field of taxation and repealing Directive 77/799/EEC. Retrieved from eur-lex.europa.eu/legal-content/en/ALL/?uri=CELEX%3A32011L0016.
32. Oleinikova, L., Chumakova, I., & Tsevukh, S. (2019). Formation of the Information Space for Audit and Taxation as a Factor for the Improvement of Investment Attractiveness of the Ukrainian Economy. Integrated Science in Digital Age. Lecture Notes in Networks and Systems: Conference paper, 78.
doi.org/10.1007/978-3-030-22493-6_13