Tax systems of Ukraine and EU countries during the COVID-19 pandemic: current status and prospects

Savitska, Svitlana; Pravdiuk, Maryna; Dolzhenko, Inna; Banera, Nadiia; Samchyk, Maksym

doi:10.14807/ijmp.v13i3.1906

Ind. Jour. Manag. & Prod.

2022

DOI: 10.14807/ijmp.v13i3.1906

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Tax systems of Ukraine and EU countries during the COVID-19 pandemic: current status and prospects

Svitlana Savitska¹,

Maryna Pravdiuk

Inna Dolzhenko

et al.

Abstract: At the start of 2020, the world faced major challenges due to the COVID-19 pandemic. International institutions, governments and various organizations are forced to apply unprecedented restrictive measures in many areas of activity. The answer to these challenges by the governments of almost all countries of the world is actively manifested in tax measures aimed at supporting citizens and businesses. The article was devoted to the study of the level of taxation for certain taxes in Ukraine and EU countries in … Show more

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Tax burden as a driver of the main state functions financing: cross-country analysis

Samusevych,

Ruhal,

Korol

2024

ES&BP

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The tax burden is an important indicator of the economic policy of the state, ensuring the performance of its main functions, influencing economic growth, investments and the welfare of the population. At the same time, different states apply different types of tax policy, determining the level of redistribution of the country's GDP through taxes and changing the level of state financing of various areas of socio-economic development. The purpose of the article is to study the specificity of the relationship between the tax burden and the financing of key tasks of state policy. The article analyzes the level and structure of the tax burden in Ukraine and EU countries in recent years. The basis of the study was data from 28 countries for the period 2010-2022. Based on the results of the statistical analysis, key differences in the main taxes forming the tax burden, changes in corporate and individual taxes, and features of the structure of the tax burden were determined. It was found that Ukraine has an average level of tax burden, compared to other European countries, which is growing during 2010-2022, which corresponds to the trend of most analyzed countries. On the other hand, it was found that compared to other European countries, Ukraine has an average level of funding for education, a low level of funding for health care and spending on research and development, as well as a high level of spending on defense. Using correlation analysis tools and panel regression modeling, the relationship between the tax burden and the level of spending on public needs was investigated. The results of the evaluation showed that the tax burden has a statistically significant relationship with the level of public health care funding and spending on research and development. The revealed relationship is direct, which indicates the increase in state financing of the specified areas as a result of the increase in tax revenues. At the same time, a statistically significant relationship between the tax burden and spending of state funds on education and defense has not been confirmed. This indicates the fact that in order to ensure the growth of state financing of the specified areas, funds from other sources should be attracted, in addition to tax revenues. The obtained results can be used in the process of formation and adjustment of the budget and tax policy of the state, determination of the budget expenditure strategy.

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Tax burden as a driver of the main state functions financing: cross-country analysis

Samusevych,

Ruhal,

Korol

2024

ES&BP

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Corporate tax collection in times of Covid-19 pandemic: An analysis of the Peruvian economy

Leyla Yupanqui-Castillo,

Werner-Masters,

Cordova-Buiza

2024

Public and Municipal Finance

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Tax collection is a source of financing expenses for governments, including the mitigation of the social and economic impacts of diverse disruptions. This applies to Peru, where the amount of corporate tax collected during the Covid-19 pandemic showed a notable variation. This study aims to analyze the impact of various tax management initiatives of the Peruvian government on tax collection during the pandemic from 2019 to 2021. The methodology employs a quantitative approach with a non-experimental research design and longitudinal measurement. Documentary analysis was applied to examine data composed of annual statistical reports relevant to the tax administration organization in Peru, videos, documentaries, conferences, and information related to tax collection. The findings clearly show a fiscal slowdown in 2020 as a consequence of the pandemic; however, considerable growth in tax revenues across different tax regimes, geographic areas of the country, economic sectors, and categories of different taxes collected were reported in 2021. This outcome results from the implementation of various fiscal tax relief measures in the early stages of the pandemic, with their effect being observed in 2021. Thus, it is argued that these measures contributed to the reactivation of the business economy in Peru, improving the country’s economic situation.

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Податкова Система України Та Країн Європейського Союзу: Порівняльний Аспект

Стащук,

Маслов

2024

Ekon. čas. Volins. nac. unìv. ìm. Lesì Ukraïnki

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Introduction. The tax system is one of the main tools of economic policy, which allows to regulate financial flows, stimulate economic development and ensure the stability of public finances. Comparing the tax systems of Ukraine and the European Union countries is important for understanding the ways of integration and adaptation of the Ukrainian economy to European standards, especially considering Ukraine's intentions to join the EU. The purpose of the article. The goal of the research is to identify the peculiarities of the functioning of the tax system of Ukraine and the tax systems of the European Union and, on the basis of a comparative analysis, to identify their positive and negative characteristics. Methods. The research methodology involves the use of a comprehensive approach, which includes the analysis and systematization of sources of scientific and practical literature, regulatory and legal framework and analytical data. The research uses methods of comparative analysis to determine the advantages and disadvantages of the analyzed tax systems, a system approach to determine the conceptual basis of the functioning of the tax system of Ukraine and the EU countries, as well as a method of logical generalization to formulate conclusions. At the same time, the article uses a tabular method to visually present the research results. Results. The article defines the necessity of researching the tax systems of the countries of the European Union and the tax system of Ukraine. It was found that the level of taxation in Ukraine corresponds to the average European indicators. An analysis of rates for value added tax, personal income tax, and income tax in Ukraine and in such countries of the European Union as Germany, Spain, Italy, France, Poland and others was carried out. The analysis showed that Ukraine currently has one of the lowest tax rates for the three main taxes among the European countries under review. It has been proven that there is no ideal taxation system. The main advantages and disadvantages of the investigated tax systems are determined. Conclusions. The importance of forming an optimal taxation system in Ukraine as a key element of the socio-economic development of the country in the conditions of military aggression is proven. The main imperatives for the development of the tax system of Ukraine in the conditions of European integration processes are proposed.

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Tax systems of Ukraine and EU countries during the COVID-19 pandemic: current status and prospects

Cited by 5 publications

References 4 publications

Tax burden as a driver of the main state functions financing: cross-country analysis

Tax burden as a driver of the main state functions financing: cross-country analysis

Corporate tax collection in times of Covid-19 pandemic: An analysis of the Peruvian economy

Податкова Система України Та Країн Європейського Союзу: Порівняльний Аспект

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