Issue: № 9/1, 2021
Doi: https://doi.org/10.37634/efp.2021.9(1).1
The paper proves that personal income taxation always causes a number of heated debates in any state. The peculiarities of the normative fixing of the personal income tax rate in Ukraine and some countries are considered. It is determined that the development of a modern information system in our country provides real opportunities for large-scale effective transformations in the tax sphere. The author focuses on the fact that the personal income tax rate in different countries is based on the principle of differentiation. The application of a differentiated tax system has a scientific basis. The tax primarily has a regulatory and incentive function, and therefore with the help of a differentiated tax rate it is possible to make competitive entire sectors of the economy by establishing loyal tax regimes. It is this “social orientation” in tax reform that ensures the sustainable existence of a market economy and the absence of “shadow markets”. Also in many countries and in Ukraine the category of “marginal income” is used – the minimum income limit below which a person is exempt from paying tax. When forming appropriate amendments to the tax code, the principle of economy must be observed, which consists in reducing the costs of tax collection, streamlining the taxation system. One of the priority areas in the development of tax policy in our country should be its gradual socialization, which involves focusing not only on the implementation of the fiscal function of the tax, but also the implementation of the social function of the tax, aimed at universal values. In order to achieve social justice and increase the welfare of the people, it is necessary to take a set of economic, tax, administrative measures that work in a single direction and will allow to build a modern information society.
Keywords : tax, information society, Income Tax of Individuals, foreign experience, regulatory and legal regulation
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