Current Conditions and Directions of Improving Tax Administration

The most important negative factor of the development of the tax system in Ukraine was and remains the domination of need to provide with resources the growing expenses of the state budget - without taking into account the requirements of economic growth, the needs of sustainable development. The purpose of the article is to study the problems of the functioning of the tax system in Ukraine in the context of individual taxes and to justify the directions of their solution, taking into account foreign experience in this field. The analysis of two key legislative initiatives in the field of tax administration has been carried out: a) the introduction of consolidated reporting on a single social contribution and personal income tax; b) the replacement of the corporate income tax by the exit capital tax. The state and results of reforming the tax system of Ukraine were disclosed. It was revealed that the Ukrainian tax system is not an instrument to increase the competitiveness of the state, because it has systemic problems: tax arrears of tax payers to the budget and the Pension Fund; large-scale tax evasion; budgetary debts on reimbursement of value added tax; uneven tax burden, as a result of which more tax burden is assigned to law-abiding taxpayers who are deprived of tax benefits. The expediency of combining reports on a single social contribution and the tax on personal income was justified. It will allow reducing the paperwork and stopping the fulfillment by the banking institutions of functions unusual for them. Author's attention is focused on the reservations on the replacement of corporate income tax by the exit capital tax. It was proposed not to implement the hasty adoption of the draft law on the exit capital tax, because there is serious concern about the loss of revenues of the state budget. As a compromise option, a gradual introduction of this tax with a deep analysis of similar experiences of other countries is possible.