Introduction. The formation of financial resources of the state and united territorial communities in the conditions of transparency of fiscal relations requires the authorities to implement adequate to European standards tax policy. The relevance of the study of comprehensive aspects of tax policy of the state is due to the implementation of effective approaches in the direction of financial support of priority sectors of Ukraine's economy. Today, the leading role belongs to tax payments, which under conditions of rational administration should become a catalyst for innovative development of Ukraine. It is with the help of tax policy tools that it is possible to create favorable conditions for doing business, investing, innovating and improving the well-being of citizens. Therefore, the priority is to study modern aspects of tax policy of Ukraine in order to form ways to improve its efficiency.
The purpose of the article is to substantiate the peculiarities of the formation and effective implementation of the tax policy of the state at the present stage of socio-economic development of Ukraine.
Results. The essential determinants of taxes and tax policy in the context of their impact on the development of the state economy are identified. The basic principles of tax policy formation in Ukraine are considered. The functions of tax policy were monitored, among which considerable attention was paid to the fiscal function as a priority and dominant in modern inter-budgetary processes. The article highlights the features of tax policy in terms of shifting the tax burden from mobile factors of production to natural resources. Emphasis is placed on cooperation between the state, taxpayers and the public in the direction of developing effective measures to reform the tax system through the use of incentives, digital technologies, social orientation of taxation. The analysis of the main parameters of fiscal efficiency of the tax policy of the state is carried out, as a result of which the important role of tax payments in financial resources of the state and local governments is confirmed. The factors that have a negative impact on taxation processes in the state are highlighted. Guidelines for improving the tax policy of Ukraine in the conditions of transformation of the national economy are offered.
Perspectives. In further research, attention will be paid to current aspects of digitalization of the tax space of the state and the implementation in the Ukrainian system effective practices of innovation of taxation processes of foreign countries.
The article examines the essential determinants of decentralization and its main elements. Considerable attention is paid to scientific and theoretical aspects of the impact of fiscal decentralization on local economic development. Priority aspects of realization of bases of fiscal decentralization in the Ukrainian administrative practice are covered. It is proved that the key idea of fiscal decentralization is manifested in the achievement of financial autonomy by local governments through the accumulation of financial resources at a certain level of government. Emphasis is placed on the concept of fiscal federalism and its role in the socio-economic development of administrative entities of unitary states.
It is argued that the construction of an effective system of inter-budgetary relations should take into account a range of measures to strengthen the own tax potential of the territorial community. It has been established that recently the tax potential of local self-government bodies has been identified by tax capacity at the expense of three taxes: personal income tax, property tax and single tax. The study showed that fiscal decentralization through the prism of tax, budget and debt instruments can provide a favorable socio-economic climate in local communities.
A structural and logical scheme of the impact of key paradigms of fiscal decentralization on the development of united territorial communities in Ukraine has been built. It is proved that fiscal decentralization in the conditions of divergence of interbudgetary relations can become a catalyst for effective fiscal stimulus policy, as delegation of budgetary powers to lower levels, while improving the efficiency of budgetary resources, will allow more fully and regionally respond to regional development and local needs.
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