The article studies the approach to assessing the banking digitalization influenced by economy digitalization, dynamically spread electronic payments, e-commerce, and innovative digital service technologies. Digitalized banking services, widespread online platforms and digital customer communication channels require an approach to assessing the banking digitalization identifying the bank’s competitiveness, strengths and weaknesses strategically. The aim is to develop a banking digitalization indicator system and assessment methods within a complex indicator. To achieve this, the research applied generalization, grouping, systematization to form a grouped indicator system; static, dynamic, structural indicator assessment methods; normalization and integration by arithmetic mean. This approach utilizes the banking digitalization indicators systematically generalized by three groups: digital banking platform indicators; bank’s digital service indicators; indicators of digital communications with the bank’s customers. Each group provides a flexible indicator set to track the changing banking digitalization trends. Outlining the mathematical transformation of indicators into a single integrated indicator determines the use of innovative products and services and substantiates the areas of ensuring competitiveness and improving the bank’s development strategy. While assessing the banking digitalization, this approach grants the following advantages: this analytical tool monitors, analyses, and assesses the banking digitalization trends; banks will realize the strengths and weaknesses of digital tools to ensure the banking market competitiveness; competitive positioning of a bank in the banking service market; analysing, assessing, and positioning improve the bank’s development strategy, relevant technologies, and digital transformation tools. Future research should consider an approach to improving the development of the bank’s marketing strategy utilizing digital technologies.

One of the key factors on which the efficient functioning of the entire national economy depends is the organization of the State taxation system. In today’s conditions, a sufficient amount of revenues of local budgets are needed to meet the social needs of the population, to solve problems of local nature at the administrative-territorial level. For the successful social and economic development of territories, it is necessary to have a reasonable amount of funds in the budget, as well as a plan for the efficient use of these funds. As result of the research, the essence of local taxes and their efficiency are allocated. It is specified that the Tax Code is a prerequisite for fulfilling the tasks of tax reform and a step towards creating a more perfect taxation system. The current status of the revenue base of budgets in Ukraine, the dynamics of collections of taxes and fees in budget revenues during 2014-2019 are analyzed; the role of local taxes in the formation of the revenue part of local budgets is defined. The results of the process of financial decentralization in Ukraine are summarized, in particular, the increase of powers that can be transferred to the local level in order to increase the independence of local budgets and improve the inter-budget relations. The mechanism of budget alignment, which replaced the formula for distribution of the volume of inter-budget transfers, is researched. The necessity of further reform of local taxation taking into account the competitive advantages and interests of each individual region, optimization, expansion of the base of local taxation and the right of local authorities to establish and collect local taxes and fees in order to avoid problems of forming the revenue base of local budgets of Ukraine is substantiated.

Abstract. The shadowing of the economy is a significant obstacle on the way to stable economic development and the reason for deteriorating investment climate and imbalance of economic incentives in the national economy of Ukraine. The aim of the article is to determine the factors of shadowing and de-shadowing of Ukraine’s economy in the areas of household income and business and investment activity of the population, as well as justification of measures to de-shadow economic processes in Ukraine. On the basis the calculation of the Fechner correlation coefficient, the relationship between the level of the shadow economy of Ukraine and indicators of household income and indicators of small and medium-sized business development was revealed. Іn the sphere of household income factors determining level of the black economy are as follows: increacing in disposable income per capita (the correlation coefficient -0,75), the change in the wage share in househol incomes (the correlation coefficient -0,75), the level of social payments (the correlation coefficient +0,5) and employment (the correlation coefficient +0,75). In the field of entrepreneurship the most sagnificant factors determining level of the underground economy are change in the volume of sales of small and medium-sized businesses (the correlation coefficient  -0,75) as well as change of financial result of small enterprises (functional inverse relationship). It is necessary to increase the incomes of the population, stimulate their investment and entrepreneurial activity, in particular, liberalize tax policy for small and medium-sized businesses in order to reduce the level of the underground economy of Ukraine. Special attention should be paid to the development of small businesses, in particular, to changing approaches to regulatory policy in the field of small businesses, to simplify organizational procedures related to doing business as much as possible and ensure the availability of credit. Keywords: underground economy, tax policy, small businesses, medium-sized businesses, entrepreneurial activity. JEL Classification O17, H25, D31 Formulas: 1; fig.: 9; tabl.: 8; bibl.: 21.

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Ensuring efficiency improvement of banks is a priority task for Ukrainian banking system at the stage of creating the developed financial sector of economy. The study of a bank performance, which takes into account a risk factor of banking business, is particularly relevant due to the need to ensure competitiveness and stability of both individual banks and the banking system as a whole.The aim of this article is to develop a methodology for integral evaluation of the Ukrainian banks according to the efficiency and risk criteria. Ratio analysis, mathematical methods, comparison and grouping, synthesis, table, matrix and graphic methods make the methodological basis of the research. The object of the analysis is the activities of Ukrainian banks.The study was conducted to elaborate a method for risk-oriented integral estimation of efficiency of the banks functioning. One can state that high efficiency and low risk of a bank's work do not depend on the volume of assets, equity and profit for Ukrainian banks.The analysis made it possible to evaluate the strategies for the development of Ukrainian banks. The vast majority of Ukrainian banks have chosen a moderate strategy in the context of balancing the efficiency and riskiness of their activities.According to the results of factor analysis using Raiffeisen Bank Aval as an example, the main factors of gross profit growth were determined as increase in bank profitability and expansion of its active operations volume relative to its own capital.Mariya Rubakha (Ukraine), Lesia Tkachyk (Ukraine), Olha Zamaslo (Ukraine), Olesya Irshak (Ukraine) Risk-oriented integral assessment of the Ukrainian banks effectiveness