BUSINESS INFORM JOURNAL.

УКР

ENG

Search:

REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

PUBLISHER

Liburkina L. M.

SITE SECTIONS

International Taxation, Features of the Functioning of Tax Systems in the Leading World Countries
Savchenko M. V., Kleshchenko B. S., Sheihets A. M.

Savchenko, Maryna V., Kleshchenko, Bogdana S., and Sheihets, Anna M. (2022) “International Taxation, Features of the Functioning of Tax Systems in the Leading World Countries.” Business Inform 1:82–88.
https://doi.org/10.32983/2222-4459-2022-1-82-88

Section: Foreign Experience

Article is written in Ukrainian
Downloads/views: 5

Download article (pdf) -

UDC 336.221.4

Abstract:
The article is aimed at defining the concept of international taxation and its role in the development of society, the impact of tax systems on the economic growth of the countries of the world, the peculiarities of the tax systems of developed countries and their place in the ranking on the index of international competitiveness of a tax system. The main changes in taxation in developed countries are also investigated, a rating was compiled and an analysis is carried out on the basis of indicators of tax revenues and competitiveness. Analyzing, systematizing and generalizing the scientific works of many scholars, contemporary models of taxation, along with features and differences of tax systems of the leading countries of the world were considered. Thus, it is found that the main source of budget revenues compared to other sources is taxes – both in developed and developing countries. Taxation is the main function of management. It has the potential to form relations between the State and society. Tax revenues allow countries to ensure security and provide public goods. In addition, tax policy, which complements monetary policy, is vital in maintaining economic stability by limiting inflation and balancing equilibrium in the market. As a result of the study, the main taxes used to measure the International Tax Competitiveness Index concerning a particular tax system are determined, an analysis of the change in the position in the rating of the International Tax Competitiveness Index of the G7 countries is presented. Prospects for further research in this direction are to substantiate the relationship between the functioning of the tax systems of the G7 countries and the economic situation and development of these countries, as well as the impact of tax revenues on GDP. There is a need to identify the main tendencies in the functioning of tax systems of the leading world countries, determine the impact of external factors on tax policy, as well as assess the tax systems of developed countries according to the International Tax Competitiveness Index.

Keywords: taxation, tax system, competitiveness of the tax system, International Tax Competitiveness Index (ITCI), Tax Code.

Fig.: 1. Tabl.: 3. Bibl.: 21.

Savchenko Maryna V. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of International Economic Relations, Vasyl’ Stus Donetsk National University (21 600-richchia Str., Vinnytsia, 21021, Ukraine)
Email: [email protected]
Kleshchenko Bogdana S. – Student, Vasyl’ Stus Donetsk National University (21 600-richchia Str., Vinnytsia, 21021, Ukraine)
Email: [email protected]
Sheihets Anna M. – Student, Vasyl’ Stus Donetsk National University (21 600-richchia Str., Vinnytsia, 21021, Ukraine)
Email: [email protected]

List of references in article

Devereux, M. P. The economics of tax policy. Oxford University Press; New edition, 1996.
Oates, W. E. Fiscal Federalism. New York: Harcourt, Brace, Jovanovich, 1972.
Tanzi, V. The ecology of tax systems - factors that shape the demand and supply of taxes. Edward Elgar Publishing, 2018.
Doernberg, R. L. International Taxation in a Nutshell. Thomson Reuters Company, College & School Division, 1997.
Alesina, A. F., and Perotti, R. “Fiscal Adjustments in OECD Countries: Composition and Macroeconomic Effects“. NBER Working Paper, no. w5730 (1996).
Sutormina, V. M., Fedosov, V. M., and Andrushchenko, V. L. Derzhava - podatky - biznes [State - Taxes - Business]. Kyiv: Lybid, 1992.
Varnalii, Z. S., and Romaniuk, M. V. Podatkova systema [The Tax System]. Kyiv: Znannia Ukrainy, 2019.
Karlin, M. I. Podatkovi systemy zarubizhnykh krain [Tax Systems of Foreign Countries]. Kyiv: Kondor, 2018.
Ivanov, Yu. B., Krysovatyi, A. I., and Desiatniuk, O. M. Podatkova systema [The Tax System]. Kyiv: Atika, 2006.
“International Chamber of Commerce. Global taxation. 2021“. https://iccwbo.org/global-issues-trends/competitive-markets/global-taxation/
“Government of Canada. Canada and the G7. 2021“. https://www.international.gc.ca/world-monde/international_relations-relations_internationales/g7/index.aspx?lang=eng
Bunn, D., and Asen, E. “The Tax Foundation. International Tax Competitiveness Index 2021“. https://taxfoundation.org/publications/international-tax-competitiveness-index/
Bunn, B., and Asen, E. “International Tax Competitiveness Index 2021“. Tax Foundation. https://files.taxfoundation.org/20211014170634/International-Tax-Competitiveness-Index-2021.pdf
Kagan, J. “What Is the Tax-to-GDP Ratio?“ Investopedia. https://www.investopedia.com/terms/t/tax-to-gdp-ratio.asp
“The World Bank. Tax revenue (% of GDP)“. The World Bank Data. 2021. https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS
“Organisation for Economic Co-operation and Development. Tax revenue, % of GDP, 2000-2020“. https://data.oecd.org/tax/tax-revenue.htm
“Revenue Statistics 2021. Initial impact of COVID-19 on OECD tax revenues“. https://www.oecd.org/tax/tax-policy/revenue-statistics-highlights-brochure.pdf
Cherkashyn, V. “Yakyi efekt bude maty znyzhennia podatkiv na pratsiu?“ [What Effect Will the Reduction in Labor Taxes Have?]. Ekonomichna pravda. September 15, 2021. https://www.epravda.com.ua/columns/2021/09/15/677822/
“The Heritage Foundation. 2021 macro-economic data“. https://www.heritage.org/index/explore?view=by-variables&version=1293
“World Wide Tax. World Tax Rates 2021“. https://www.worldwide-tax.com
“The Government Digital Service's GOV.UK. G7 Finance Ministers Agree Historic Global Tax Agreement“. https://www.gov.uk/government/news/g7-finance-ministers-agree-historic-global-tax-agreement

FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

INFORMATION

The Plan of Scientific Conferences

OUR PARTNERS

Journal «The Problems of Economy»

The site and its metadata are licensed under CC BY-SA.

Write to webmaster