FINANCE. TAXES. CREDIT УДК 336.1 JEL: E22, Н20, О23 LUNINA Inna1, BILOUSOVA Olena2, FROLOVA Nataliya3 1Institute for Economics and Forecasting of the NAS of Ukraine, Research ID : http://www.researcherid.com/rid/AAP-2680-2020 COMPETITIVENESS OF THE TAX SYSTEM IN THE CONTEXT OF EXPANDING THE FISCAL SPACE OF UKRAINE For many countries, the competitiveness of the tax system is a complex issue, as it not only reduces the tax burden on corporate income, whileensuring the intensification of economic development, but also leads to risks of lower tax revenues and loss of public financesustainability. Tax competition requires finding a compromise between ensuring investments and expanding fiscal space to deal withurgent socio-economic challenges in the face of new global challenges. Keywords:tax competitiveness; tax reform; tax burden; fiscal space; shadow economy; targeted tax support for innovation.
1. Heller P. Understanding Fiscal Space, in: IMF Policy Discussion Paper 05/4. International Monetary Fund, Washington, DC, 2005, available at: www.imf.org/external/pubs/ft/pdp/2005/pdp04.pdf 2. Brys B., Matthews S., Owens J. Tax Reform Trends in OECD Countries. Taxation Working Papers, 2011, No. 1, available at: www.oecd-ilibrary.org/taxation/tax-reform-trends-in-oecd-countries_5kg3h0xxmz8t-en. 3. Smith A. An Inquiry into the Nature and Causes of the Wealth of Nations. Vol. 2, Moscow, SOTSEKGIZ, 1935 [in Russian]. 4. Tanzi V. Taxation and Equitable Economic Development: A Historical Note. Available at: www.wilsoncenter.org/publication/taxation-and-equitable-economic-development-historical-note 5. Gordon R.H., Bovenberg A.L. Why is capital so immobile internationally? Possible explanations and implications for capital income taxation. NBER Working Paper, No. 4796, 1994, available at: www.nber.org/papers/w4796.pdf doi.org/10.3386/w4796 6. Blankart Ch. Public Finance in Democracy. Introduction to Finance Science. V.M. Fedosov (Ed.). Kyiv, Lybid, 2000 [in Ukrainian]. 7. Kazutoshi M., Hikaru O., Toshiki T. Tax Competition and Fiscal Sustainability, 2018. Available at: www.cirje.e.u--tokyo.ac.jp/research/dp/2018/2018cf1103.pdf 8. Bunn D., Asen E. International tax Competitiveness Index 2019. Tax Foundation, available at: files.taxfoundation.org/20190930115625/2019-International-Tax-Competitiveness-Index.pdf 9. Johansson Å., Heady C., Arnold J., Brys B., Vartia L. Taxation and Economic Growth. Working Paper, 2008, No. 620, available at: www.oecd-ilibrary.org/economics/oecd-economics-department-working-papers_18151973. 10. Overesch M., Rincke J. What Drives Corporate Tax Rates Down? A Reassessment of Globalization, Tax Competition, and Dynamic Adjustment to Shocks. The Scandinavian Journal of Economics, 2011, Vol. 113, Iss. 3, pp. 579-602. doi.org/10.1111/j.1467-9442.2011.01650.x 11. Dehejia V.H., Genshel Ph. Tax Competition in the European Union. MPIfG Discussion Paper, 1998, No. 98/3, available at: www.europarl.europa.eu/workingpapers/econ/pdf/105_en.pdf 12. Fuest C. Steuerreform statt zusätzliche Staatsausgaben. IFO Standpunkte, 2019, No. 203, available at: www.ifo.de/Standpunkt/ifo-Standpunkt-203-Steuerreform-statt-zusaetzliche-Staatsausgaben [in German]. 13. Oleynikova L. Formation of a competitive taxation system in Ukraine. Academy of Financial Management, Kyiv, 2015 [in Ukrainian]. 14. Matthews S. What is a "Competitive" Tax System? OECD Taxation Working Papers, 2011, No. 2, available at: www.oecd-ilibrary.org/taxation/what-is-a-competitive-tax-system_5kg3h0vmd4kj-en. 15. Biswas R. International Tax Competition: Globalisation and Fiscal Sovereignty. Commonwealth Secretariat, London, 2002, available at: www.thecommonwealth-ilibrary.org/commonwealth/taxation/international-tax-competition_9781848597587-en. 16. Braid R.M. Spatial competition between jurisdictions which tax perfectly competitive retail (or production) centers. Journal of Urban Economics, 1993, Vol. 34 (1), pp. 75-95. doi.org/10.1006/juec.1993.1026 17. Remeur C. Tax policy in the EU. Taxation. In depth analysis. European Parliamentary Research Service. Members' Research Service. PE549.001, 2015, available at: www.europarl.europa.eu/RegData/etudes/IDAN/2015/549001/EPRS_IDA(2015)549001_EN.pdf. 18. Coughlan V. Europe's Push For Tax Transparency Picks Up The Pace. New York, Law360, 2015, available at: www.cov.com/~/media/files/corporate/publications/2015/12/europe_push_for_tax_transparency_picks_up_the_pace.pdf 19. Braid R.M. Tax competition, tax exporting and higher - government choice of tax instruments for local governments. Journal of Public Economics, 2005, Vol. 85, pp. 1789-1821. doi.org/10.1016/j.jpubeco.2004.04.004 20. Tanzi V. Fiscal Policy in the Future: Challenges and Opportunities. Berlin, 2007, available at: pdfs.semanticscholar.org/f240/e74022a1e03969a9a2799797b4603e5e0f66.pdf 21. Schneider F., Boockmann B. Die Größe der Schattenwirtschaft - Methodik und Berechnungen für das Jahr 2020. Linz und Tübingen, February 4, 2020, p. 25 [in German]. 22. Tanzi V., Schuknecht L. Public Spending in the 20th Century: A Global Perspective. Cambridge, Cambridge University Press, 2000. doi.org/10.1017/CBO9780511625800 23. Stiglitz J. Tax avoidance fuels global inequality. CNN, October 9, 2015, available at: edition.cnn.com/2015/10/09/opinions/stiglitz-tax-avoidance-globalization/ 24. Chapman J., Zahradnik R. Reducing Budget Risks. PEW, December 1, 2015, available at: www.pewtrusts.org/en/research-and-analysis/reports/2015/12/reducing-budget-risks 25. Kopits G. Coping with fiscal risk. Analysis and practice. OECD Journal on Budgeting, 2014, Vol. 14, No. 3, pp. 47-71. doi.org/10.1787/budget-14-5jxrgssdqnlt 26. Lederman D., Lesniak J.T. Open and Nimble: Finding Stable Growth in Small Economies. International Bank for Reconstruction and Development, The World Bank, 2018. doi.org/10.1596/978-1-4648-1042-8 27. Eichler M., Emmenegger M. Low taxes and spending discipline: Swiss public finances healthy, 2018, available at: www.baktaxation.com/media/BakDownloadStucktur/Medienmitteilungen/2018/2018_12_27_Low_taxes_and_spending_discipline_Swiss_public_finances_healthy.pdf 28. Porter M., Sachs J., McArthur J. Executive Summary: Competitiveness and Stages of Economic Development, in: The Global Competitiveness Report 2001-2002. New York, Oxford University Press, 2002, available at: citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.476.4940&rep=rep1&type=pdf 29. Lunina I., Bilousova O. The Instruments for Forecasting Budget Effects of the Tax Stimulation of Innovation Activities. Statistics of Ukraine, No. 2, 2018, pp. 51-61 [in Ukrainian]. doi.org/10.31767/su.2(81)2018.02.07 |