The Pension Fund of Ukraine: Rethinking Risk Management during the Creation

Fatkhutdinov, Vasyl H.

doi:10.29202/up/6/2

Cited by 4 publications

(1 citation statement)

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“…For example, V. Fatkhutdinov examines man agement approaches that were used to avoid risks when creat ing a pension fund in Ukraine after the collapse of the USSR. The main approach was a preventive approach, preventing any actions that contained a potential threat to the newly created state structure [7]. Risk management approaches, which are grouped in the first category, provide for the avoidance of all risks, including positive risks that can bring potential benefits to the organization.…”

Section: Retention Of Risks and Their Consequences By The Organi Zatimentioning

confidence: 99%

Risk management: approaches and fields of application

Shliakhtun¹,

Taran²,

Oleshchuk³

et al. 2020

Nauk. visn. nat. hirn. univ.

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Section: Retention Of Risks and Their Consequences By The Organi Zatimentioning

confidence: 99%

Risk management: approaches and fields of application

Shliakhtun¹,

Taran²,

Oleshchuk³

et al. 2020

Nauk. visn. nat. hirn. univ.

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Labor Market of Ukraine in Conditions of System Crisis

et al. 2021

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The study deals with identifying trends in the labor market in Ukraine, which is significantly influenced by threatening external and internal factors. The authors prove in the article that the incentives to reform this market today are significantly weakened by the negative effects of the crisis, which covers all spheres of life — from the economy to health care. It was found that the negative trends of the world and national markets contribute to the decline in the quality of human capital of labor resources, worsen the structure of the national labor market. The multi-vector nature of the crisis leads to the formation of a multiplicative effect — its various aspects increase the influence of each other. As a result, the negative pressure of the crisis factors on the national labor market is increasing with growing pace. The authors prove that the old extensive approach of managers to the use of labor resources of Ukraine has outlived itself. The existing model and approaches to its reform given the current scale of threatening trends do not meet the criteria of effectiveness. Ukraine needs a new labor market model. The efforts of government officials and the influence of the business community should be aimed at forming a model whose goals will be: stabilizing the economic, social and political situation in Ukraine, reducing the risk of uncontrolled growth of social tensions, forming a flexible response to neutralize the effects of the crisis. It is pointed out that the lack or even slowdown of the reaction to the existing negative tendencies inherent in the labor market in Ukraine can cause significant and drastic social and political changes. The originality of the article is stipulated by the need to identify labor market trends under the influence of the crisis and the situation on the world labor market, identify factors that lead to the consolidation of an extensive labor market model in a permanent crisis, identify factors that contribute to this and negative consequences for the economy.

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Retrospective Analysis of the Tax System Reform of Ukraine

et al. 2021

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Abstract. The article analyzes the historical periods of development of the taxation system in Soviet times and during the independence of Ukraine. The stages of transformation of the country’s taxation system and the deduction of the development of the national taxation system are outlined. It was found that during the years of independence there were five transformations of the tax system in 1991, 1995, 1999, 2011 and 2015, respectively. The preconditions of each of the specified stages of realization of transformation of system of the taxation are analyzed. Among the key preconditions for transformational changes in certain periods are: rapid deterioration of key macroeconomic indicators, implementation of laws and regulations on the establishment of the tax police and the transformation of the State Tax Administration into a central executive body as a controlling body for legal entities and individuals, changes in the composition and mechanisms of tax calculation, chaos and invalidity of the system of tax benefits, changes in the legalization of the wage fund and in the system of compulsory state social insurance. The functions of taxes as defining concepts of formation of the tax system of the country that were in each period defined above are investigated. The types and role of tax relief as a tool of state tax regulation and stimulation of socio-economic processes are considered. The assessment of the process of transformation of the tax system identified the existing criteria for reform, including diversity, complementarity and consistency, compromise and evolution, the depth of transformation and innovation of the tax system of Ukraine. It is proved that the tools of transformation of the implementation of the taxation system of Ukraine used in these processes did not always correspond to the peculiarities of the socio-economic situation of the country and the tax policy of the state goal and set of tasks of economic strategy. Existing shortcomings in the Ukrainian taxation system hinder economic growth and lead to high economic shadowing. Thus, the application of these tools in the process of transformation of the tax system has partially solved the existing problems, a significant number of identified tasks currently remain unresolved. Keywords: taxation system, taxes, tax deductions, the state budget, taxation. JEL Classification E62 Formulas: 0; fig.: 0; tabl.: 1; bibl.: 18.

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The Pension Fund of Ukraine: Rethinking Risk Management during the Creation

Cited by 4 publications

References 0 publications

Risk management: approaches and fields of application

Risk management: approaches and fields of application

Labor Market of Ukraine in Conditions of System Crisis

Retrospective Analysis of the Tax System Reform of Ukraine

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