Assessment of the regulatory potential of the income tax of enterprises in Ukraine

The purpose of the article is to assess the regulatory potential of corporate income tax in Ukraine and develop proposals to improve its efficiency. The methodological basis of the study is a systematic approach to the study of economic phenomena. Among the special methods used abstract-logical method in the study of the regulatory potential of corporate income tax and the formation of conclusions and recommendations; economic and statistical - in identifying trends and patterns of change of indicators that characterize the effectiveness of tax regulation; method of comparison - in the study of the dynamics of individual indicators. The problems of the current state of tax policy in Ukraine are considered. The results of the assessment of the regulatory potential of the corporate income tax in Ukraine are presented and proposals for improving its efficiency are developed. The structure of the regulatory potential of corporate income tax has been improved by distinguishing two groups of its components, namely: regulatory-oriented elements of the tax and settlement tax instruments. Proposals have been developed to increase the efficiency of the regulatory potential of corporate income tax in Ukraine. In order to increase the efficiency of income tax, we propose to strengthen its regulatory potential by implementing the principle of social justice in taxation; increase the efficiency of the system of preferential stimulation of enterprises’ investment activity; differentiate tax benefits from income tax by types and scale of economic activity; introduce a regressive scale of taxation in order to encourage taxpayers not to hide their profits

tax policy, tax system, income tax, regulatory potential, tax rate, tax benefits, tax burden, tax instrument