Tax reform and tax prospects: world panorama

Abstract

Introduction. In the conditions of the economic globalization the tax systems have become radically modified, providing high mobility of production factors and tax bases. However, in the transformation process tax reform requirements (efficiency and equity) remainthe same as for the tax burden and tax expenditures. The competition of tax systems and tax regimes of different countries takes one of the main places. It largely determines the direction of tax reforms in the modern market system of economic relations. Tax attractiveness of the country for businesses and individuals that do business isa part of its national competitive advantages.  The desire of economic agents to register as a tax resident of a country often depends on the nature of government tax policy. Under these conditions it is necessary to require the areas of tax reform and transformation of modern border tax that will formulate new priorities and economic determinants of modern tax policy.

The purpose of the article is to systematize the tax reform and tax perspectives in the context of predicting changes in the structure of global tax field.

Method. In this article we have used the general scientific and special methods. They are the method of synthesis, method of analysis and synthesis, method of systematic approach, method of graphical analysis.

Results. We have characterized tax reforms and tax perspective, which in the unevenness of economic development have got quite diversified and asymmetrical dimensions. We have identified the specific tax reforms in terms of unsteady economy and international tax competition. We have formulated new economic determinants of modern tax policy. Their aim is to broaden the tax base; to eliminaeg the preferential tax treatment; to reduce the maximum rates; to eliminate the differences to ensure a neutral tax. We have identified ambiguous tax consequences of transformation with the aim of reduction the imbalances in public finances and reverse the tax reforms in order to improve the efficiency of the tax system in times of economic uncertainty.