FINANCE. TAXES. CREDIT УДК 336.02 LUNINA Inna1, BILOUSOVA Olena2 1Institute for Economics and Forecasting of the NAS of Ukraine, Research ID : http://www.researcherid.com/rid/AAP-2680-2020 REFORMING THE CORPORATE INCOME TAX IN THE CONTEXT OF ENSURING THE SUSTAINABILITY OF PUBLIC FINANCES To ensure the long-term sustainability of Ukraine’s public finances under conditions of a high level of public debt and significant payouts for its servicing, formation of prerequisites for economic growth and tax revenues of the state is required. The problem aspects of the corporate income tax in Ukraine are researched. Attention is focused on shortcomings of legal regulations of the tax base definition, which resulted in a significant reduction of budget revenues from corporate income tax, as well as their share in the total amount of revenues and mandatory payments of the general government sector (the state tax revenues) in 2014–2017. Keywords:tax system; sustainability of public finances; reforming the corporate income tax; tax on withdrawn capital; rates and basis of taxation Бібл. 13; рис. 2; табл. 1
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