Evaluating the Influence of Taxation Levels on the Degree of Economic Freedom of Countries
Yaroslava Hlushchenko, Natalya Chernenko, Olena Korohodova, Tetiana Moıseıenko, Kateryna MoskvychovaThe current phase of global economic growth is witnessing a convergence of interests among macro-level entities such as home countries, host countries, and third countries, associated with income and profit receipt. Concurrently, meso-level actors have emerged in the form of extensive cross-industry partnerships. Additionally, macro-level entities, such as international organizations, state associations, and supranational bodies, are playing a significant role. Considering that tax policies exert a substantial influence on a nation’s economic dynamics, innovative activity, and competitiveness, assessing the impact of tax burden on the degree of economic freedom within countries is significant. This study aims to identify the ideal level of the tax burden, and its results have implications for various aspects of economic development. This research contributes to encouraging economic growth, fostering entrepreneurship and innovation, ensuring social justice, and improving the overall quality of life for the population. The model proposed in this study can be used for determining the ideal level of taxes (tax burden), thus striking a balance between societal and economic needs as well as the effect of taxation on economic freedom in a country.
PDF View
References
- About Tax Trap for the Ukrainian Economy (2023, January 12). Retrieved from https://uifuture.org/publications/podatkova-pastka-dlya-ukrayinskoyi-ekonomiky/ google scholar
- Alesina, A., & Ardagna, S. (2009). Large Changes in Fiscal Policy: Taxes Versus Spending. Economic Policy, 15438. https://doi: 10.3386/w15438 google scholar
- Avcı, B. S., & Tonus, O. (2022). The impact of fiscal policies on inclusive growth in Turkey. Journal of Economy Culture and Society, 66, 293-306. https://doi.org/10.26650/JECS2021-1018055 google scholar
- Baranov, S. (2016). Tax evasion as the main factor of the shadow economy. Investments: Practice and Experience, 12, 102-106. Retrieved from http://www.investplan.com.ua/pdf/12_2016/23.pdf google scholar
- Beraldo, M., Passos, F., & Rister, C. (2023). Is the tax burden fairly distributed by google scholar
- developed nations? Journal of Law and Sustainable Development, 11. Retrieved from https://www.researchgate.net/publication/370711053_Is_the_tax_burden_fairly_distributed_by_developed_nations_-_a_comparative_study google scholar
- Brekhov, S. S., & Korotun, V. I. (2015). World experience fighting aggressive tax planning: conclusions for Ukraine. Collection of scientific works of the National University of State Tax Service of Ukraine, 2, 121-134. Retrieved from http://irbis-nbuv.gov.ua/cgi-bin/irbis_nbuv/cgiirbis_64.exe?C21COM=2&I21DBN=UJRN&P21DBN=UJRN&IMAGE_FILE_DOWNLOAD =1&Image_file_name=PDF/znpnudps_2015_2_11.pdf google scholar
- Cervello-Royoa, R., Devece, C., & Blanco-Gonzalez Tejero, C. (2023). Economic freedom influences economic growth and unemployment: an analysis of the Eurozone. Ekonomska Istrazivanja, 36 (2), 2175007. https://doi.org/10.1080/1331677X.2023.2175007 google scholar
- Databahn. (2021). Forbes Global 2000 Companies List. Retrieved from https://www.databahn.com/products/2021-forbes-global-2000-companies-list-free-excel-spreadsheet google scholar
- De Mooij, R., & Keen, M. (2023)Taxes inPractice. Finance & Development. Economics Concepts Explainedby IMF’s Fiscal Affairs Department, International Monetary Fund, 68-69. Retrieved from https://www.imf.org/external/pubs/ft/fandd/basics/68-tax-in-practice.htm google scholar
- Dogan, B. & Secilmis, İ. (2020). The evolution of tax morale in Turkey. Journal of Economy Culture and Society, 62, 145-166. https://doi.org/10.26650/JECS2020-0022 google scholar
- Ersöz, N., Güner, P., Akbaş, A. & Bakir-gungor, B. (2022). Comparative Performance Analysis of ARIMA, Prophet and Holt-Winters Forecasting Methods on European COVID-19 Data. International Journal of3D Printing Technologies and Digital Industry, 6(3), 556-565. https://doi.org/10.46519/j3dptdi.1120718 google scholar
- Fradynskyi, O. (2010). Concept of tax burden and approaches to its determination. Bulletin of Khmelnytskyi National University, 1(1), 79-82. Retrieved from http://lib.khnu.km.ua/pdf/visnyk_tup/2010/(145)%20VKNU-ES-2010-N1-Volume1.pdf google scholar
- Göktaş, L. S. & Çetin, G. (2023). Tourist tax for sustainability: Determining willingness to pay. European Journal of Tourism Research, 35, 3503. https://doi.org/10.54055/ejtr.v35i.2813 google scholar
- Gwartney, J. & Lawson, R. (2003). The concept and measurement of economic freedom. European Journal of Political Economy, 19(3), 405-430, https://doi.org/10.1016/S0176-2680(03)00007-7 google scholar
- Heritage Foundation. (2023). 2023 Index of Economic Freedom. Retrieved from: https://www.heritage.org/index/ google scholar
- Hlushchenko, Ya., Korohodova, O., Moiseienko, T., & Chernenko, N. (2021) Conceptual principles of tax planning of enterprises in the context of the Fourth Industrial Revolution. Business Inform, 4, 210-216. https://doi.org/10.32983/2222-4459-2021-4-210-216 google scholar
- Hlushchenko, Ya., Korohodova, O., Chernenko, N., & Moiseienko, T. (2023). Tax planning of TNCs on the basis of a risk-oriented approach in the conditions of the BEPS project and digitalization of the economy. Economic bulletin of NTUU "Kyiv Polytechnic Institute", 25, 38-44. https://doi.org/10.20535/2307-5651.25.2023.278595 google scholar
- Hlushchenko, Ya., Korohodova, O., Chernenko, N., & Moskvychova, K. (2024). The influence of the tax landscape of the country on the tax planning of TNCs under the conditions of the BEPS project Journal "Academy Review", 1(60), 93-104. https://doi.org/10.32342/2074-5354-2024-1-60-7 google scholar
- Hodovanets, O. & Marshalok T. (2008). Tax Burden: An Important Factor in the Socio-Economic Strategy of the State. Economic Analysis, 3(19), 85-89. Retrieved from http://dspace.wunu.edu.ua/bitstream/316497/263/1/%D0%95%D0%BA%D0%B%D0%BD%D0%BE%D0%BC%D1 %96%D1%87%D0%BD%D0%B8%D0%B9%20%D0%B0%D0%BD%D0%B0%D0%BB%D1%96%D0%B7%202008%20%203(19).pdf #page=85 google scholar
- Hretsa, Ya. (2016). Legal mechanism of realization and protection of rights and legitimate interests of subjects of tax legal relations. (Doctoral dissertation). Retrieved from https://dspace.uzhnu.edu.ua/jspui/bitstream/lib/39341/1/Dis_Hretsa.pdf google scholar
- Hrynkiv, Yu. S., & Hrynkiv, V. Yu. (2011). Tax planning as a component of tax management. Investments: Practice and Experience, 22, 48-50. Retrieved from http://www.investplan.com.ua/pdf/22_2011/13.pdf google scholar
- Hyndman, R., Koehler, A, Ord, J. & Snyder, R. (2008). Forecasting with Exponential Smoothing: The State Space Approach. Springer Series in Statistics. Springer Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-71918-2 google scholar
- International Institute for Management Development. (2020). Digital competitiveness. Ranking 2019. Retrieved from google scholar
- https://www.imd.org/research-knowledge/competitiveness/reports/imd-world-digital-competitiveness-ranking-2019/ google scholar
- International Institute for Management Development. (2021). Digital competitiveness. Ranking 2020. Retrieved from google scholar
- https://imd.cld.bz/IMD-World-Digital-Competitiveness-Ranking-2020/18/ google scholar
- International Institute for Management Development. (2022). Digital competitiveness. Ranking 2021. Retrieved from https://rb.gy/auw6l https://investchile.gob.cl/wp-content/uploads/2022/03/imd-world-digital-competitiveness-rankings-2021.pdf google scholar
- International Institute for Management Development. (2022). World Competitiveness Ranking. Retrieved from https://www.imd.org/reports/annual-report/research-and-thought-leadership/global-research-centers/world-competitiveness-center/ google scholar
- Ivanov, Y. B. & Nazarenko, G. V. (2010). Factors of Socio-Economic Efficiency of Tax Regulation of the Population’s Living Standards. Problems of Economics, 2, 22-28. Retrieved from https://ideas.repec.org/a/idp/redpoe/y2010i2p22_28.html google scholar
- Koretska, S. (2011). Planning the development of tax potential of enterprises based on a comprehensive approach. Effective Economy, 10. Retrieved from http://www.economy.nayka.com.ua/?op=1&z=722 google scholar
- Kovalenko, S. (2019). Financial Decentralization in Ukraine and its prospects. Business Inform, 4, 300-306. Retrieved from https://openaccess.library.uitm.edu.my/Record/doaj-e415945ac608413da7595546a9990682 google scholar
- Lingqi, X. (2021). Management and Research of Enterprise Tax Planning under the Background of Information Age. Journal of Physics: Conference Series, 1-6. Retrieved from https://iopscience.iop.Org/article/10.1088/1742-6596/1992/4/042017/pdf google scholar
- Lupenko, Y., Andros, S., Lupenko, A. & Yarmolenko, Y. (2021). Budgetary Vat Refund to Agricultural Producers: Analysis of National Tax and Customs Legislation. Journal of Economy Culture and Society, 64, 279-296. https://doi.org/10.26650/JECS2021-879534 google scholar
- Malikov, V., & Abramova, O. (2012). Development of tax planning strategy in an enterprise. Problems and prospects of entrepreneurship, 2, 13-17. Retrieved from http://nbuv.gov.ua/UJRN/piprp_2012_2_5 google scholar
- Mankiw, N. G., Weinzierl, M., & Yagan, D. (2009). Optimal Taxation in Theory and Practice. Journal of Political Economy, 23 (4), 147-74. https://doi: 10.1257/jep.23.4.147 google scholar
- Markovich, I. (2006). Economic Freedom and Economic Development: Theoretical and Empirical Research of the Connection. Journal of European Economy, 5(3), 125-140. Retrieved from http://jeej.wunu.edu.ua/index.php/ukjee/article/view/72 google scholar
- Organization for Economic Cooperation and Development. (2022). Tax Morale II. Building Trust between Tax Administrations and Large Businesses. Retrieved from https://www.oecd.org/ctp/tax-global/tax-morale-ii-7587f25c-en.htm google scholar
- Olihovskyi, V. (2012). Theoretical aspects of tax planning. Bulletin of Lviv Polytechnic National University. Series "Management and Entrepreneurship in Ukraine: Stages of Formation and Development Issues", 722, 177-181 Retrieved from https://opac.lpnu.ua/cgi-bin/koha/opac-detail.pl?biblionumber=884111 google scholar
- Onufryk, M. (2011). Assessment of tax burden on economic activity of an individual. Effective Economy, 11. Retrieved from http://www.economy.nayka.com.ua/?op=1&z=968 google scholar
- Penno, M. (2021). A Theory of the Tax Avoidance. Tax Planning. Continuum, 1-36. Retrieved from https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3883570 google scholar
- Podra, O. & Stambulska, Kh. (2022). Offshore Jurisdictions as a Tool for Minimizing Tax Burden. Management and Entrepreneurship in Ukraine: the stages of formation and problems of development, 4, 167-176. https://doi.org/10.23939/smeu2022.01.167 google scholar
- State Tax Service of Ukraine. (2022). Plans and reports of the State Tax Service of Ukraine. Retrieved from https://tax.gov.ua/diyalnist-/plani-ta-zviti-roboti-/396505.html google scholar
- Suprunenko, S. (2013). Tax planning as a means of harmonizing relations between the state and economic entities. Economic Analysis: Collection of Scientific Papers. Ternopil National Economic University, 13, 194-200. Retrieved from https://www.econa.org.ua/index.php/econa/article/view/56/181 google scholar
- The World Bank. (2023). Tax revenue, % of GDP. https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS google scholar
- United Nations. (2021). Tax, Trade and Investment Treaties. Department of Economic and Social Affairs. Retrieved from https://financing.desa.un.org/what-we-do/ECOSOC/tax-committee/thematic-areas/tax-trade-and-investment-treaties google scholar
- World Bank: Exit Capital Tax is Populism (2018, October 11). Ukrainian Pravda. Retrieved from https://www.epravda.com.ua/news/2018/10/11/641530/ google scholar
- Zhyvko, Z., & Rodchenko, S. (2020). Tax burden: essence, measurement methods and level assessment. Economic scope, 158, 23-27. https://doi.org/10.32782/2224-6282/158-4 google scholar
Citations
Copy and paste a formatted citation or use one of the options to export in your chosen format
EXPORT
APA
Hlushchenko, Y., Chernenko, N., Korohodova, O., Moıseıenko, T., & Moskvychova, K. (2024). Evaluating the Influence of Taxation Levels on the Degree of Economic Freedom of Countries. Journal of Economy Culture and Society, 0(69), 66-76. https://doi.org/10.26650/JECS2023-1360385
AMA
Hlushchenko Y, Chernenko N, Korohodova O, Moıseıenko T, Moskvychova K. Evaluating the Influence of Taxation Levels on the Degree of Economic Freedom of Countries. Journal of Economy Culture and Society. 2024;0(69):66-76. https://doi.org/10.26650/JECS2023-1360385
ABNT
Hlushchenko, Y.; Chernenko, N.; Korohodova, O.; Moıseıenko, T.; Moskvychova, K. Evaluating the Influence of Taxation Levels on the Degree of Economic Freedom of Countries. Journal of Economy Culture and Society, [Publisher Location], v. 0, n. 69, p. 66-76, 2024.
Chicago: Author-Date Style
Hlushchenko, Yaroslava, and Natalya Chernenko and Olena Korohodova and Tetiana Moıseıenko and Kateryna Moskvychova. 2024. “Evaluating the Influence of Taxation Levels on the Degree of Economic Freedom of Countries.” Journal of Economy Culture and Society 0, no. 69: 66-76. https://doi.org/10.26650/JECS2023-1360385
Chicago: Humanities Style
Hlushchenko, Yaroslava, and Natalya Chernenko and Olena Korohodova and Tetiana Moıseıenko and Kateryna Moskvychova. “Evaluating the Influence of Taxation Levels on the Degree of Economic Freedom of Countries.” Journal of Economy Culture and Society 0, no. 69 (Nov. 2024): 66-76. https://doi.org/10.26650/JECS2023-1360385
Harvard: Australian Style
Hlushchenko, Y & Chernenko, N & Korohodova, O & Moıseıenko, T & Moskvychova, K 2024, 'Evaluating the Influence of Taxation Levels on the Degree of Economic Freedom of Countries', Journal of Economy Culture and Society, vol. 0, no. 69, pp. 66-76, viewed 14 Nov. 2024, https://doi.org/10.26650/JECS2023-1360385
Harvard: Author-Date Style
Hlushchenko, Y. and Chernenko, N. and Korohodova, O. and Moıseıenko, T. and Moskvychova, K. (2024) ‘Evaluating the Influence of Taxation Levels on the Degree of Economic Freedom of Countries’, Journal of Economy Culture and Society, 0(69), pp. 66-76. https://doi.org/10.26650/JECS2023-1360385 (14 Nov. 2024).
MLA
Hlushchenko, Yaroslava, and Natalya Chernenko and Olena Korohodova and Tetiana Moıseıenko and Kateryna Moskvychova. “Evaluating the Influence of Taxation Levels on the Degree of Economic Freedom of Countries.” Journal of Economy Culture and Society, vol. 0, no. 69, 2024, pp. 66-76. [Database Container], https://doi.org/10.26650/JECS2023-1360385
Vancouver
Hlushchenko Y, Chernenko N, Korohodova O, Moıseıenko T, Moskvychova K. Evaluating the Influence of Taxation Levels on the Degree of Economic Freedom of Countries. Journal of Economy Culture and Society [Internet]. 14 Nov. 2024 [cited 14 Nov. 2024];0(69):66-76. Available from: https://doi.org/10.26650/JECS2023-1360385 doi: 10.26650/JECS2023-1360385
ISNAD
Hlushchenko, Yaroslava - Chernenko, Natalya - Korohodova, Olena - Moıseıenko, Tetiana - Moskvychova, Kateryna. “Evaluating the Influence of Taxation Levels on the Degree of Economic Freedom of Countries”. Journal of Economy Culture and Society 0/69 (Nov. 2024): 66-76. https://doi.org/10.26650/JECS2023-1360385
