№ 8/2015

Fìnansi Ukr. 2015 (8): 7–20

TAX POLICY

LUNINA Inna ¹, FROLOVA Nataliya ²

¹Institute for Economics and Forecasting of NAS of Ukraine
OrcID ID : https://orcid.org/0000-0003-3812-4802
²SE “Institute for Economics and Forecasting of NAS of Ukraine”
OrcID ID : https://orcid.org/0000-0002-7979-950X

International trends of tax system reformation in post-crisis period of 2008—2014 and lessons for Ukraine

The purpose of the article is to study international experience of tax reforms in the post-crisis period (2008-2014) and to summarize the main approaches to the public finance consolidation in OECD countries in terms of their tax revenues accumulation. The short and medium term effects of the use of tax incentives for businesses on the government revenues of OECD countries are investigated on the basis of empirical analysis of the level and dynamics of tax revenues as well as rates of major budget revenue generating taxes. It is defined that important trends in changes of level of tax revenues dependent on economic situation, namely income and profit taxes, and level of revenues from taxation of goods and services (in particular, VAT). The article pays attention to the initiatives of different OECD countries as regard to expanding their tax bases in order to accumulate additional tax revenues primarily by introducing new budget taxes imposed on recipients of high incomes and companies. Thus, the author has substantiated the main advantages and disadvantages of minimum corporate income tax that was introduced in Slovakia in 2014 in an attempt to reduce their budget losses due to the vast tax evasion in a current volatile economic environment. The conclusions of the article contain fundamental objectives of national tax system improvement in the environment of tax revenue reduction associated with economic activity recession of enterprises and decline of demand for certain taxable goods (services), as well as of minimization the negative impact of these factors on the state of public finances in Ukraine.

Keywords: tax revenues, financial and economic crisis, consolidation of public finances.

JEL: G01, G28, H21.

Lunina I. . International trends of tax system reformation in post-crisis period of 2008—2014 and lessons for Ukraine / I. . Lunina, N. . FROLOVA // Фінанси України. - 2015. - № 8. - C. 7-20.

Article original in Ukrainian (pp. 7 - 20)

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