Since the beginning of the 80s.of twentieth century, a global financial and economic environment system was formed, and one sign of which were the crises of the global finance. Anti-crisis measures of the monetary authorities are a combination of Keynesian and monetarist prescriptions. The first are nationalization, purchase by state (or regional financial institutions -RFI) distressed assets, the maintenance of employment and demand, social programs, state spending on High-tech. The second are tax breaks, reducing rates of discount and rates of interest, avoiding inflation by controlling the money supply. IntroductionSince the beginning of the 80s of the twentieth century, a global financial and economic environment system was formed, one sign of which were the crises of the global finance. Their cradle are the national economy different in different periods (Mexico-94, South Korea-97, US-08); classical nature is the imbalance of the internal market. In a global economy "the waves of the financial tsunami" overwhelm other economies. Anti-crisis measures of the monetary authorities are a combination of Keynesian and monetarist prescriptions. The first are nationalization, purchase by state (or regional financial institutions -RFI) distressed assets, the maintenance of employment and demand, social programs, state spending on High-tech. The second are tax breaks, reducing rates of discount and rates of interest, avoiding inflation by controlling the money supply.The global crisis of 2008-2009 and follow-up to the 2014 the recession (especially in the EU) differentiated superficial reasons and the profound nature of the crises, put the world on to the necessity of the solidarity actions of G20, solving the problems of civilization and the rapid transition to a new technological order.This article focuses on the analysis of the anti-crisis measures of the monetary authorities in the global finance crisis . MethodologyThe research is based on the systematization of the laws of the first crisis of the global economy, the analysis of new phenomena and the deep nature of the global crisis and post-crisis recession in the EU. Complex analysis methods (information gathering, analysis and synthesis) and make it possible to justify and to submit to testing in the scientific community the following hypothesis. In global economic environment the national economics are its segment, they are affected by external factors -international market trends, inflow / outflow of foreign investment. They are affected to both internal cycling of the reproduction process, and the international. In a global economy crises arise in some of its weakest link and as the waves overflow other economies. Nevertheless, the cradle of the crises is the disbalanced national economy, the external factor (withdrawal of the foreign investor) exacerbates their course. Crises of the global economy (1994-2004 yy.) have common patterns and country specificities. We believe that the global crisis of 2008-2009 and subsequent creeping recession (2010-...

Research Background: Tax policy and reforms are the means to overcome the COVID-19 crisis, contributing to economic growth. The study is based on an analysis of tax regimes before the pandemic. Purpose of the article: Purpose of the article is to develop instruments of tax regulation in anti-crisis tax policy. Methods: The analysis employs macroeconomic indicators from the IMF, and WB databases. The comparative analysis of countries in terms of Total Tax and Contribution Rate (TTCR), Labour Tax TTCR, other taxes TTCR has been conducted on the basis of WB/PWC tax ranking methodology. The paper presents a classification of tax systems according to six rankings, and suggests tax policy modifications. Findings & Value added: The main directions of tax policy reform are: 1) The tax system should maintain its progressive character while increasing social equity, a new quality of economic growth and life. 2) Income taxation is less conducive to economic growth than consumption taxation. The study suggests differentiation in tax policies for developed and developing countries. 3) The choice between a flat and a progressive personal income tax scale should be made on the bases of the thorough analysis of the tax systems of countries leading in the quality of life. Their regimes can serve as a benchmark. 4) The taxation of interest, dividends and capital gains under dual treatment is a promising tax policy direction. 5) Reforming the CIT on the basis of differentiated rental income would allow for part of the income to costs and part to profits.

No abstract

The global crisis of 2008–2009 and its long post-crisis recession have raised questions about the future structure of the world economy. The crisis is viewed as a crash of the basic elements of the global economy’s system. The international markets of financial assets failed to regulate themselves and aggravated conflicts between global and national finance. In 2010–2019 the world economy faced the risks for sustainable development. Deglobalization and dedollarization procedures questioned the previous philosophy and world economic leadership. According to the main results of a research, international financial institutions have deficiency of means for the solution of civilization problems. The world banking system, enhancing capital base according to BIS III, is defenseless against a big share in balance of derivatives and off-balance obligations. The post-crisis economy is unstable before the risks of dropping rates by 70% of the world’s economy. The system’s solution to problems of ensuring sustainable development relies on “three whales”: change of the domestic economic policy in the direction of structural reforms for the 4.0 Revolution, ensuring productivity growth, smooth transition to a flexible exchange rate, decrease in the public and corporate debts; transition to cross-border policy without tariff wars; and focus of the world economy in civilization’s problems, quitting a competition for leadership in favor of the multipolar world, orientation to quality of life and SDR as the reserve currency.

No abstract