The institutional role of income tax in the system of financial and economic regulation and tax compromise.

Анотація

Subject of study. The study focuses on the institutional role of corporate income tax as a tool of financial and economic regulation and as a mechanism of tax compromise between the state and businesses in the context of Ukraine's transforming economy. The aim of the study. The aim of the study is to analyze the institutional role of corporate income tax in shaping financial and economic regulation and facilitating a tax compromise between the state and businesses. Research methods. To achieve this aim, a combination of methods was employed: analysis of regulatory acts and scientific sources, comparative analysis of international practices, statistical analysis of tax revenue dynamics for 2022-2024, and systemic and logical analysis. Results of work. It was found that corporate income tax ensures the formation of state and local budget revenues while simultaneously influencing corporate financial behavior, affecting decisions on profit reinvestment, dividend distribution, and investment activity. Its institutional role is realized through fiscal, regulatory, stimulating, informational, and strategic components, which generate a socio-economic effect and create conditions for achieving a tax compromise. The tax compromise emerges from the interaction between the state and enterprises, balancing budgetary needs with the financial capacities of businesses. Empirical analysis of corporate income tax revenues from 2022-2024 indicates a stable increase in absolute revenue levels alongside fluctuations in the tax’s share of total budget revenues, reflecting cyclical dependence on enterprise economic activity and the impact of martial law and economic transformations. International experience demonstrates the effectiveness of tax incentives and digital administration platforms in enhancing investment and innovation activity of enterprises. Prospects for further research are related to improving tax administration, increasing the transparency of financial results, developing analytical models for forecasting tax revenues, and optimizing incentives for the strategic development of enterprises. Thus, corporate income tax is a comprehensive instrument of tax policy capable of balancing the state’s fiscal interests with the economic priorities of business, contributing to sustainable development of the national economy.

Класифікація

Ідентифікатори

Схожі роботи