TAX SYSTEM RESEARCH AND ITS IMPACT ON THE SOCIAL AND ECONOMIC ACTIVITY OF THE ENTERPRISE DIPLOMA PAPER WRITTEN BY: V YEAR STUDENT, EP-13-VM GROUP ANDROSOV VALERII SCIENTIFIC SUPERVISOR: DOCTOR OF ECONOMICS, FULL PROFESSOR O.M. ZBOROVSKAYA

CONTENT INTRODUCTION CHAPTER 1 BASIS OF TAXATION IN THE CONTEXT OF THE SOCIO-ECONOMIC DEVELOPMENT OF ENTERPRISE 1.1 Evolution of scientific approaches to taxation of business entities 1.2 Systematics tax systems 1.3 Legislature taxation of economic activity Ukraine 1.4 The theory of social choice and its impact on the socio-economic environment of Ukraine and the world CHAPTER 2 ECONOMIC ACTIVITIES ANALYSIS OF PJSC "VIT" 2.1. Basic information about the company 2.2. Financial Analysis of PJSC "VIT" 2.3. Calculation of financial ratios SECTION 3 PROJECT BACKGROUND AND RECOMMENDATIONS 3.1 Analysis of tax and methods of improving the efficiency of the company in cooperation with the tax system 3.2. Construction econometric model of communication between GDP and total tax burden 3.3 Modern technology of public goods. The theory of social choice as a mechanism for adjusting fiscal policy CONCLUSIONS LIST OF REFERENCES APPLICATIONS

The purpose and objectives of the investigation: comprehensive assessment of the tax system of the country, and determine the main directions of its improvement. To achieve this goal in the research paper were solved the following problems: - To highlight the theoretical aspects of assessing the effectiveness of fiscal policy and identify ways to improve it; - Making an assessment and analysis of financial and economic activity of the enterprise in the context of the ability to pay taxes; - Investigate the problematic aspects of financial activity of the company; - Identify areas to the tax system improvement. The subject of the study: financial and economic relations arising between enterprises and the state. The object of the study: indicators of the PJSC "VIT".

THE WORLD TAX BURDEN RATING

Indication Actual value Deviation (+/-) Growth rate, % Net income (revenue) from sales of products ,47% Net income (loss) % Average number of employees ,73% Payroll ,88% Equity capital ,72% Non-current assets ,01% Long-term liabilities ,47% Short-term loans and borrowings ,49% Accounts receivable ,19% Stores ,63% Own current assets ,38% Productivity 55,3449,2349,17-0,06-0,12% THE MAIN TECHNICAL AND ECONOMIC INDICATORS OF PJSC “VIT”

STRUCTURE WORKING CAPITAL STRUCTURE Elements of working capital Actual value Deviation(+/-) Stores39,90%66,50%14,82%-51,68% Accounts receivable26,76%25,00%7,74%-17,25% Stuff and stuff equivalents20,49%5,85%77,08%71,23% Other current assets12,85%2,65%0,36%-2,29% Elements of working capital Actual valueDeviation (+/-) AbsoluteRelative Stores ,92% Accounts receivable ,19% Stuff and stuff equivalents ,62% Other current assets ,75% WORKING CAPITAL

THE MAIN FINANCIAL INDICATORS OF PJSC “VIT” IndicatorsDesignationsCalculation formulasNorms Values Liquidity indicators 1.1 The overall liquidity ratio (coverage) KZLKZL= LA / TO>2,01, , , Quick ratio KSLKSL= (LA-TMZ) / TO>1,00, , , Absolute liquidity ratio KALKAL =DS / TO>0,20, , , Financial stability indicators 2.1 The ratio of debt to equity indicators Coefficient of autonomy (independence) KABKAB = BK / VB>0,50, , , The ratio of debt and equity KBPKPB = (DP+TO )/BK<0,50, , , Ratio of total investments KPKP = (BK+ DP) / VB>0,70, , , Indicators of the working capital state Coefficient of inventory KZMKZM= (LA-TO) / TMZ>0,60, , , The maneuverability of working capital coefficient KMKM = (LA-TO) / BK>0,50, , , Indicators of the fixed assets state Fixed asset index IAIA = OS / BK0, , , The coefficient of the real value of the property KRMKRM= ZB / VB>0,50, , , Ratio of amortization of accumulation GA GA=(NI + NAI) / (POS+PNA) <0,250, , ,

Type of tax Amount for the period Budget Income tax State Income tax non-residents State Tax on added value State Taxes on personal income (income tax) Local Environmental tax 8103State Water tax ---State The land tax (rent for land, which is located in the municipal and state ownership) State The tax for the use of radio frequencies---State The fee for use of water resources42511State Duty and VAT on imports State Collection of the State Pension Fund State Military collection --93State Transport tax ---State Communal tax ---State Other taxes and utility payments---State Total in state budget Total in local budget Total PAYMENT OF TAXES AND OBLIGATORY PAYMENTS PJSC "VIT" FOR THE

DEPENDENCE OF THE TAX BURDEN ON GDP IN THE WORLD. Total tax burden GDP

ALTERNATIVE METHODS FOR PUBLIC GOODS DEVELOPMENT 1) “Free riders" removal (The introduction of subscription fee for connection to the cable television and computer networks, sale of tickets for the event.) 2) Interdependent financing (Funding of public radio and television can be carried out by the inclusion of a margin in the price of radio and television receivers. Payment for advertising can be used to fund public radio and television.) 3) Subsidization. (Activities of private finance organizations and individuals programs for environmental protection and animal welfare).

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