RESEARCH OF PRINCIPLES AND METHODS OF COMMERCIAL BANKS TAX MITIGATION IN THE UP-TO-DATE CONDITIONS
Keywords:tax, tax mitigation, methodology, stages of tax mitigation, criteria
AbstractThe subject matter of the article is commercial banks tax mitigation. The goal of the work is identifying areas and developing a method for commercial banks tax mitigation based on theoretical basis. The following tasks were solved in the article: systematism of principles and criteria for commercial banks tax mitigation, developing a system of indicators used to identifying the level of tax mitigation, determining the stages, methods, and types of commercial banks tax mitigation. The following methods used are – general scientific, analysis, structuring and classification of the main components of the tax mitigation system. The following results were obtained – a method for commercial banks tax mitigation in updated conditions was developed, as follows: a system of principles, criteria, indicators, stages, methods and types of tax mitigation was developed. The author's definition if the concept "tax mitigation" is formulated after a comprehensive analysis of the views and approaches currently available to understanding its essence and the necessary clarifications arising from the compilation of the practice of tax legal relations. The suggested formulations for the first time are combined and specified the stages of the tax process, alternative options for the subject of the structure, and also reflected the interconnection between tax and tax mitigation with different stages of tax legal relations. Conclusions: disclosure of the methodology for commercial banks tax mitigation will be the theoretical basis for realization the economic goals for the participants in tax relations: the state in ensuring an increase in the budget revenues through taxes and economic agents in the form of taxpayers – commercial banks in ensuring cost minimization. The presence of its own separate content, principles of implementation, elements, methods of carrying out, multicriteria classification of varieties and other characteristics in tax mitigation makes it possible to isolate it as an independent branch of scientific knowledge, which in one’s turn will ensure a certain interest among participants in tax relations to this area in order to preform various research.
Konvisarova, E. V., Stihiljas, I. V., Koren, A. V., Kuzmicheva, I. A., Danilovskih, T. E. (2016), "Principles of Profit Taxation of Commercial Banks in Russia and Abroad", International Journal of Economics and Financial Issues, No. 6 (S8), P. 189–192.
Goolsbee, A. (2004), "The impact of the corporate income tax: evidence from state organizational form data", Journal of Public Economics, Vol. 88, P. 2283–2299.
Chaudhry, S. M., Mullineux, A. Agarwal, N. (2015), "Balancing the regulation and taxation of banking", International Review of Financial Analysis, Vol. 42, P. 38–52.
Casey, K. M., Dickens, R. N. (2000), "The effects of tax and regulatory changes on commercial bank dividend policy", The Quarterly Review of Economics and Finance, Vol. 40, Issue 2, P. 279–293.
Gropp, R., Heider, F. (2010), "The Determinants of Bank Capital Structure", Review of Finance, Vol. 17, P. 1947–1988.
Brei, M., Gambacorta, L., von Peter, G. (2013), "Rescue Packages and Bank Lending", Journal of Banking and Finance, Vol. 37, P. 490–505.
Pashkurova, N. P. (2011), "Taxation of the profit of commercial banks: trends and problem aspects" ["Opodatkuvannya pributku komertsiynih bankiv: tendentsiyi ta problemni aspekti"], Economics and Management (EM-2011), 24–26 November, 2011, P. 254–255.
Zglyuy, T. V. (2013), "Tax efficiency as a component of economic modernization" ["Nalogovaya effektivnost kak sostavlyayuschaya modernizatsii ekonomiki"], Proceedings. Economics series, No. 23, P. 158–162.
Bushmin, A. (2008), "Interrelation of the indicators of economic efficiency of the company with the indicators of taxation" ["Vzaimosvyaz pokazateley ekonomicheskoy effektivnosti kompanii s pokazatelyami nalogooblozheniya"], Financial management, No. 3, P. 34–36.
Savina, P. (2012), "Determining the impact of taxation on corporate financial decision-making", Reflets et perspectives de la vie économique, 2012/3 (Tome LI), P. 161–170.
Shalneva, N. S. (2011), "Tax burden: how to determine it and the possibility of optimization" ["Nalogovaya nagruzka: sposobyi ee opredeleniya i vozmozhnosti optimizatsii"], International Accounting, No. 44 (194), P. 52–59.
Nieuwenhuis, A. J. (2012), "State and religion, a multidimensional relationship: Some comparative law remarks", International Journal of Constitutional Law, Vol. 10, Issue 1, P. 153–174.
Tserenov, B. V. (2006), "Tax Optimization and Tax Evasion: Legal Edge" ["Optimizatsiya nalogooblozheniya i uklonenie ot uplatyi nalogov: pravovaya gran"], Taxes, No. 23, P. 11.
Mohajan, H. (2017), "Optimization Models in Mathematical Economics", Journal of Scientific Achievements, Vol. 2, Issue 5, P. 30–42.
Baxley, J. (2015), Optimization Methods in Economics, Wake Forest University, 61 p.
Luptacik, M. (2009), "Mathematical Optimization and Economic Analysis", AUCO Czech Economic Review, Vol. 4, No. 2, P. 224–229.
Pintarič, Z. N. Kravanja, Z. (2006), "Selection of the Economic Objective Function for the Optimization of Process Flow Sheets", Industrial & Engineering Chemistry Research, Vol. 45 (12), P. 4222–4232.
Schmedders, K. (2008), "Numerical optimization methods in economics", The new Palgrave dictionary of economics, Ed. 2, P. 4647–4666.
Mityakova, O. I. (2005), "Optimization of cash flows as a tool for crisis management of an enterprise" ["Optimizatsiya denezhnyih potokov kak instrument antikrizisnogo upravleniya predpriyatiem"], Finance and credit, No. 30, P. 45–49.
How to Cite
Our journal abides by the Creative Commons copyright rights and permissions for open access journals.
Authors who publish with this journal agree to the following terms:
Authors hold the copyright without restrictions and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License (CC BY-NC-SA 4.0) that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
Authors are able to enter into separate, additional contractual arrangements for the non-commercial and non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
Authors are permitted and encouraged to post their published work online (e.g., in institutional repositories or on their website) as it can lead to productive exchanges, as well as earlier and greater citation of published work.